Analyst Expects Credo Technology Group Holding Ltd (NASDAQ: CRDO) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, CRDO falls under the Technology sector while operating within the Semiconductors industry segment. The current market capitalization of Credo Technology Group Holding Ltd is $7.88B. A total of 2.23 million shares were traded on the day, compared to an average of 2.49M shares.

In the most recent transaction, CHENG HUANG FAMILY TRUST bought 275,000 shares of CRDO for 47.02 per share on Nov 08 ’24. In a previous transaction on Nov 01 ’24, Cheng Chi Fung sold 55,000 shares at 39.90 per share. CRDO shares that Chief Technology Officer owns now total 8,783,602.

Among the insiders who sold shares, Sutardja, Pantas disposed of 1,875 shares on Nov 01 ’24 at a per-share price of $39.84. This resulted in the Director holding 5,920,910 shares of CRDO after the transaction. In another insider transaction, PANTAS SUTARDJA bought 1,875 shares at $37.70 per share on Nov 01 ’24.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CRDO has a high of $48.32 and a low of $14.98.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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