With 6.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.57 million shares. The 52-week range on CRDO shows that it touched its highest point at $86.69 and its lowest point at $16.82 during that stretch. It currently has a 1-year price target of $83.69. Beta for the stock currently stands at 2.24.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRDO was down-trending over the past week, with a drop of -21.76%, but this was down by -50.46% over a month. Three-month performance dropped to -42.83% while six-month performance rose 48.03%. The stock gained 80.96% in the past year, while it has lost -41.30% so far this year. A look at the trailing 12-month EPS for CRDO yields 0.01 with Next year EPS estimates of 1.14. For the next quarter, that number is 0.26. This implies an EPS growth rate of 561.11% for this year and 90.90% for next year.
Float and Shares Shorts:
At present, 167.24 million CRDO shares are outstanding with a float of 144.02 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRDO since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.08124571 being high and $0.06093429 being low. For CRDO, this leads to a yearly average estimate of $0.07109. Based on analyst estimates, the high estimate for the next quarter is $0.3 and the low estimate is $0.23. The average estimate for the next quarter is thus $0.27.
