Credo Technology Group Holding Ltd. (CRDO) Is Up 19.69% in One Week: What You Should Know

Company Overview - Credo Technology Group Holding Ltd. (CRDO) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook for investors [3] Price Performance - Over the past week, CRDO shares have increased by 19.69%, outperforming the Zacks Electronics - Semiconductors industry, which rose by 4.25% [5] - In a longer time frame, CRDO's shares have risen by 28.72% over the past month, compared to the industry's 3.69% [5] - Over the last three months, CRDO shares have surged by 51.19%, and over the past year, they have increased by 148.83%, while the S&P 500 has only moved 4.46% and 13.71%, respectively [6] Trading Volume - The average 20-day trading volume for CRDO is 5,337,776 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for CRDO have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $1.08 to $1.48 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [9] Conclusion - Given the strong price performance, positive earnings outlook, and high momentum score, CRDO is positioned as a promising investment opportunity [11]