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Wednesday, February 1, 2023

There’s No Getting Around Credo Technology Group Holding Ltd (NASDAQ: CRDO) Success

After Hours

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. After-hours trades for Credo Technology Group Holding Ltd (CRDO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.07%, to $15.01. The Credo Technology Group Holding Ltd has recorded 9,018 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Credo to Present at 25th Annual Needham Growth Conference.

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Stocks Info

CRDO belongs to the Technology sector of the NASDAQ while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $15.00 and fluctuated between $15.02 as its day high and $14.54 as its day low. The current market capitalization of Credo Technology Group Holding Ltd is $2.12B. A total of 1.33 million shares were traded on the day, compared to an average of 1.05M shares.

In the most recent transaction, Brennan William Joseph sold 7,500 shares of CRDO for 14.76 per share on Jan 19. After the transaction, the Pres & Chief Executive Officer now owns 4,237,500 company shares. In a previous transaction on Jan 18, Cheng Chi Fung sold 800 shares at 15.00 per share. CRDO shares that Chief Technology Officer owns now total 11,383,602.

Among the insiders who sold shares, Brennan William Joseph disposed of 15,000 shares on Jan 18 at a per-share price of $14.93. This resulted in the Pres & Chief Executive Officer holding 4,245,000 shares of CRDO after the transaction. In another insider transaction, Lam Yat Tung sold 65,358 shares at $15.00 per share on Jan 18. Company shares held by the Chief Operating Officer now total 3,520,000.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CRDO in the last 3 months, the mean price target is $18.75 with high estimates of $20.00 and low estimates of $18.00. In terms of 52-week highs and lows, CRDO has a high of $18.00 and a low of $8.61.

As of this writing, CRDO has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.04 per share and a lower estimate of $0.03.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 8 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 Overweight with a score of 4.88. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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