Credo Technology Group Holding Ltd (NASDAQ: CRDO) May Be Attracting Institutional Investments

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.

Stocks Info

Credo Technology Group Holding Ltd is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. The current market capitalization of Credo Technology Group Holding Ltd is $13.38B. A total of 6.29 million shares were traded on the day, compared to an average of 3.55M shares.

In the most recent transaction, Cheng Chi Fung sold 60,000 shares of CRDO for 69.57 per share on Jan 14 ’25. After the transaction, the Chief Technology Officer now owns 8,328,602 company shares. In a previous transaction on Jan 15 ’25, TAN LIP BU sold 150,000 shares at 72.69 per share. CRDO shares that Director owns now total 963,725.

Among the insiders who bought shares, WALDEN TECHNOLOGY VENTURES II acquired of 150,000 shares on Jan 15 ’25 at a per-share price of $72.69. In another insider transaction, Fleming Daniel W. sold 3,790 shares at $72.61 per share on Jan 10 ’25. Company shares held by the Chief Financial Officer now total 638,564.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CRDO has a high of $78.97 and a low of $16.82.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $3.40, while its Total Shareholder’s Equity was $334.16M.

Analysts Opinion

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. 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 4.70.

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