Credo Technology Group (CRDO) Soars 9.2%: Is Further Upside Left in the Stock?

Group 1 - Credo Technology Group Holding Ltd. (CRDO) shares increased by 9.2% to close at $134.72, supported by strong trading volume, despite a 20.9% loss over the past four weeks [1] - The company is projected to report quarterly earnings of $0.78 per share, reflecting a year-over-year increase of 212%, with revenues expected to reach $339.99 million, up 151.8% from the previous year [2] - The consensus EPS estimate for Credo Technology has remained stable over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] Group 2 - Credo Technology Group is categorized within the Zacks Electronics - Semiconductors industry, where QuickLogic (QUIK) has seen a 3.2% decline in its stock price, closing at $6.97, and has returned -1% over the past month [3] - QuickLogic's consensus EPS estimate for the upcoming report is unchanged at -$0.11, representing a significant year-over-year decline of 375% [4]