Are Things Looking Up For Credo Technology Group Holding Ltd (NASDAQ: CRDO)?

After Hours

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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Semiconductors industry segment. The current market capitalization of Credo Technology Group Holding Ltd is $8.71B. A total of 2.91 million shares were traded on the day, compared to an average of 2.66M shares.

In the most recent transaction, Cheng Chi Fung sold 55,000 shares of CRDO for 40.59 per share on Nov 18 ’24. After the transaction, the Chief Technology Officer now owns 8,673,602 company shares. In a previous transaction on Nov 12 ’24, Lam Yat Tung sold 120,000 shares at 46.43 per share. CRDO shares that Chief Operating Officer owns now total 600,000.

Among the insiders who sold shares, Lam Yat Tung disposed of 10,000 shares on Nov 12 ’24 at a per-share price of $46.44. This resulted in the Chief Operating Officer holding 2,862,672 shares of CRDO after the transaction. In another insider transaction, YatTung Lam bought 30,000 shares at $46.48 per share on Nov 12 ’24.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CRDO has a high of $48.94 and a low of $16.82.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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

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. 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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