Is Credo Technology Group Holding Ltd (NASDAQ: CRDO) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Credo Technology Group Holding Ltd is listed on the NASDAQ in the Technology sector while operating in the Semiconductors industry. The current market capitalization of Credo Technology Group Holding Ltd is $5.25B. A total of 1.59 million shares were traded on the day, compared to an average of 2.14M shares.

In the most recent transaction, Cheng Chi Fung sold 55,000 shares of CRDO for 31.08 per share on Aug 19 ’24. After the transaction, the Chief Technology Officer now owns 9,168,602 company shares. In a previous transaction on Aug 12 ’24, Lam Yat Tung sold 10,000 shares at 27.67 per share. CRDO shares that Chief Operating Officer owns now total 2,807,777.

Among the insiders who sold shares, Cheng Chi Fung disposed of 55,000 shares on Aug 09 ’24 at a per-share price of $27.33. This resulted in the Chief Technology Officer holding 9,223,602 shares of CRDO after the transaction. In another insider transaction, Cheng Chi Fung sold 55,000 shares at $26.85 per share on Aug 01 ’24. Company shares held by the Chief Technology Officer now total 9,278,602.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CRDO has a high of $33.96 and a low of $13.38.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CRDO’s latest balance sheet shows that the firm has $259.32M in Cash & Short Term Investments as of fiscal 2022. There were $17.19M in debt and $26.50M in liabilities at the time. Its Book Value Per Share was $3.29, while its Total Shareholder’s Equity was $334.16M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRDO is Buy with a score of 4.56.

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