Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) was $46.34 for the day, down -0.32% from the previous closing price of $46.49. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 3.2 million shares were traded. CRDO stock price reached its highest trading level at $46.63 during the session, while it also had its lowest trading level at $43.57.
Ratios:
Our analysis of CRDO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 7.01 and its Current Ratio is at 7.67. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On December 17, 2024, Susquehanna started tracking the stock assigning a Neutral rating and target price of $80.
BofA Securities Upgraded its Underperform to Buy on December 03, 2024, while the target price for the stock was maintained at $80.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 17 ’25 when Cheng Chi Fung sold 55,000 shares for $47.29 per share. The transaction valued at 2,600,957 led to the insider holds 8,103,602 shares of the business.
Cheng Chi Fung sold 55,000 shares of CRDO for $2,186,389 on Mar 10 ’25. The Chief Technology Officer now owns 8,158,602 shares after completing the transaction at $39.75 per share. On Mar 07 ’25, another insider, ACEVEDO SYLVIA, who serves as the Director of the company, sold 32,291 shares for $41.61 each. As a result, the insider received 1,343,629 and left with 21,433 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 7868577792 and an Enterprise Value of 7505515520. As of this moment, Credo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3382.48, and their Forward P/E ratio for the next fiscal year is 40.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 20.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.02 while its Price-to-Book (P/B) ratio in mrq is 12.72. Its current Enterprise Value per Revenue stands at 22.915 whereas that against EBITDA is 529.042.
Stock Price History:
The Beta on a monthly basis for CRDO is 2.22, which has changed by 1.0770955 over the last 52 weeks, in comparison to a change of 0.086116076 over the same period for the S&P500. Over the past 52 weeks, CRDO has reached a high of $86.69, while it has fallen to a 52-week low of $16.82. The 50-Day Moving Average of the stock is -26.83%, while the 200-Day Moving Average is calculated to be 2.28%.
Shares Statistics:
CRDO traded an average of 5.65M shares per day over the past three months and 5022320 shares per day over the past ten days. A total of 169.70M shares are outstanding, with a floating share count of 146.53M. Insiders hold about 13.74% of the company’s shares, while institutions hold 74.74% stake in the company. Shares short for CRDO as of 1740700800 were 8816061 with a Short Ratio of 1.56, compared to 1738281600 on 6958673. Therefore, it implies a Short% of Shares Outstanding of 8816061 and a Short% of Float of 6.15.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
