Credo Technology Group Holding (CRDO) stock forecast for 2023
Last update: September 20, 2023 (12:38)
Sector: TechnologyThe share price of Credo Technology Group Holding Ltd (CRDO) now
50/200 Day Moving Average: $16.13 / $13.37
This figure corresponds to the Average Price over the previous 50/200 days. For Credo Technology Group Holding stocks, the 50-day moving average is the resistance level today.
For Credo Technology Group Holding stocks, the 200-day moving average is the resistance level today.
Are you interested in Credo Technology Group Holding stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Credo Technology Group Holding stock price in 2023. How much will one Credo Technology Group Holding share be worth in 2023? Is it worth taking profit / loss on Credo Technology Group Holding stock now or waiting? What are analysts' forecasts for Credo Technology Group Holding stock?
We forecast Credo Technology Group Holding stock performance using neural networks based on historical data on Credo Technology Group Holding stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Credo Technology Group Holding stock prediction results are shown below and presented as a graph, table and text information.
Credo Technology Group Holding stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Credo Technology Group Holding analysts is $19.42.
Today 200 Day Moving Average is the support level (13.37 $).
50 Day Moving Average is the support level (16.13 $).
Historical and forecast chart of Credo Technology Group Holding stock
The chart below shows the historical price of Credo Technology Group Holding stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Credo Technology Group Holding stock price can be found in the table below.
Credo Technology Group Holding (CRDO) Forecast for 2023
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 15.17 | 14.61 | 15.88 | 8.02 % |
| Nov | 14.62 | 13.70 | 15.12 | 9.44 % |
| Dec | 14.34 | 14.00 | 15.10 | 7.29 % |
Credo Technology Group Holding information and performance
Credo is an innovator in providing secure, high-speed connectivity solutions that deliver increased power and cost efficiency as data rates and associated bandwidth requirements grow exponentially across the entire data infrastructure market.
C/O MAPLES CORPORATE SERVICES, LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN, KY
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
EBITDA is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Credo Technology Group Holding price target for 2023 by month
Target values for the price of one Credo Technology Group Holding share for Oct 2023.
In Oct, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 8.022% volatility is expected.
Pessimistic target level: 14.61
Optimistic target level: 15.88
Target values for the price of one Credo Technology Group Holding share for Nov 2023.
In Nov, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 9.436% volatility is expected.
Pessimistic target level: 13.70
Optimistic target level: 15.12
Target values for the price of one Credo Technology Group Holding share for Dec 2023.
In Dec, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 7.294% volatility is expected.
Pessimistic target level: 14.00
Optimistic target level: 15.10