Credo Technology Hits Day High with 13% Surge, Outperforming S&P 500

Credo Technology Group Holding has experienced significant activity today, with the stock surging by 13.0% and reaching an intraday high of USD 152.38. This mid-cap company, operating in the Computers - Software & Consulting industry, has shown impressive performance metrics over various time frames. In the past year, Credo has delivered a remarkable return of 229.08%, significantly outperforming the S&P 500, which posted a gain of 11.0%. Year-to-date, the stock has risen by 124.45%, again surpassing the S&P 500's 12.26% increase. Over the last three years, the stock has generated an astonishing 941.78% return, consistently outperforming the broader market. Credo's financial health is underscored by a net profit growth of 73.28% and a robust operating cash flow of USD 126.48 million. The company has reported positive results for five consecutive quarters, with a return on equity of 16.12% and a price-to-book ratio of 32.66. Institutional holdings stand at a high 86.43%, reflecting strong confidence in the company's fundamentals.