What Makes Credo Technology Group Holding Ltd. (CRDO) a Strong Momentum Stock: Buy Now?

Group 1: Company Overview - Credo Technology Group Holding Ltd. (CRDO) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Group 2: Price Performance - CRDO shares have increased by 4.67% over the past week, while the Zacks Electronics - Semiconductors industry has risen by 4.89% during the same period [6] - Over the past month, CRDO's price change is 9.95%, outperforming the industry's 6.36% [6] - In the last quarter, CRDO shares have surged by 54.83%, and over the past year, they have gained an impressive 364.11% [7] - In comparison, the S&P 500 has only moved 8.73% and 17.21% over the same respective periods [7] Group 3: Trading Volume - The average 20-day trading volume for CRDO is 6,290,745 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 4: Earnings Outlook - Over 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 $1.48 to $2.03 [10] - For the next fiscal year, three estimates have also moved upwards with no downward revisions [10] Group 5: Conclusion - Given the strong momentum indicators and positive earnings outlook, CRDO is positioned as a promising investment opportunity [12]