Credo Technology Group Holding Ltd (CRDO) Moving Averages: 50-Day and 200-Day

The price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $10.93 in the last session, down -0.91% from day before closing price of $11.03. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 1461958 shares were traded. CRDO stock price reached its highest trading level at $10.95 during the session, while it also had its lowest trading level at $10.65.

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We take a closer look at CRDO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.90 and its Current Ratio is at 8.10. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 22 when Cheng Chi Fung sold 240,000 shares for $10.51 per share. The transaction valued at 2,523,216 led to the insider holds 400,000 shares of the business.

Brennan William Joseph sold 24,446 shares of CRDO for $243,123 on Mar 09. The Pres & Chief Executive Officer now owns 225,554 shares after completing the transaction at $9.95 per share. On Mar 01, another insider, Cheng Chi Fung, who serves as the Chief Technology Officer of the company, sold 6,250 shares for $10.42 each. As a result, the insider received 65,099 and left with 11,257,352 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRDO now has a Market Capitalization of 1.13B and an Enterprise Value of 916.74M. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.56 while its Price-to-Book (P/B) ratio in mrq is 4.54. Its current Enterprise Value per Revenue stands at 4.83 whereas that against EBITDA is 377.42.

Stock Price History:

Over the past 52 weeks, CRDO has reached a high of $19.46, while it has fallen to a 52-week low of $7.20. The 50-Day Moving Average of the stock is 8.69, while the 200-Day Moving Average is calculated to be 12.26.

Shares Statistics:

According to the various share statistics, CRDO traded on average about 1.63M shares per day over the past 3-months and 1.61M shares per day over the past 10 days. A total of 146.91M shares are outstanding, with a floating share count of 105.14M. Insiders hold about 10.60% of the company’s shares, while institutions hold 47.00% stake in the company. Shares short for CRDO as of May 14, 2023 were 6.37M with a Short Ratio of 7.26M, compared to 7.63M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.29% and a Short% of Float of 6.43%.

Earnings Estimates

The company has Cardiff Oncology, Inc. analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $10.93, with high estimates of $0.67 and low estimates of $2.02.

Analysts are recommending an EPS of between $Healthcare and $Industrials for the fiscal current year, implying an average EPS of $Technology. EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $Stocks.