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 $7.20B. A total of 3.48 million shares were traded on the day, compared to an average of 2.38M shares.

In the most recent transaction, PANTAS SUTARDJA bought 1,875 shares of CRDO for 37.70 per share on Nov 01 ’24. In a previous transaction on Oct 21 ’24, Cheng Chi Fung sold 55,000 shares at 39.24 per share. CRDO shares that Chief Technology Officer owns now total 8,838,602.

Among the insiders who sold shares, Fleming Daniel W. disposed of 3,790 shares on Oct 16 ’24 at a per-share price of $36.14. This resulted in the Chief Financial Officer holding 671,420 shares of CRDO after the transaction. In another insider transaction, TAN LIP BU sold 100,000 shares at $38.16 per share on Oct 11 ’24. Company shares held by the Director now total 1,763,725.

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 $41.92 and a low of $14.01.

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 $3.33, 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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