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Credo Technology Surges to 324th in Daily Rankings with $283 Million Turnover
Generated by AI AgentAinvest Volume Radar
Thursday, May 29, 2025 8:35 pm ET1min read
On May 29, 2025,
(CRDO) saw a significant surge in trading volume, with a total turnover of $283 million, marking a 90.99% increase from the previous day. This substantial rise in trading volume placed Credo Technology at the 324th position in the daily stock market rankings. The stock price of Credo Technology increased by 1.79%.Credo Technology Group Holding Ltd. is set to release its fiscal year 2025 earnings on June 2, 2025. Analysts have provided a range of price targets for the stock, with the highest target at $80.00 and the lowest at $50.00, averaging at $67.50. The current stock price stands at $63.65.
The company's stock has experienced fluctuations, with the year's high reaching $86.64 and the previous close at $63.65. The trading range for the day was between $62.57 and $64.46.
Investors are closely watching Credo Technology's forward 12-month Price/Sales ratio, which currently stands at 15.57. This ratio is notably higher than the sector average of 7.84 for the Electronic-Semiconductors industry.
Despite the company's impressive revenue and earnings growth, some analysts caution that the recent rally in Credo Technology's stock price may have pushed its valuation to levels that are too high relative to current fundamentals and potential risks.
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