Analyzing Ratios: Credo Technology Group Holding Ltd (CRDO)’s Financial Story Unveiled

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The price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $27.49 in the last session, down -3.10% from day before closing price of $28.37. In other words, the price has decreased by -$3.10 from its previous closing price. On the day, 3.39 million shares were traded. CRDO stock price reached its highest trading level at $28.14 during the session, while it also had its lowest trading level at $27.02.

Ratios:

We take a closer look at CRDO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11509.85. For the most recent quarter (mrq), Quick Ratio is recorded 11.30 and its Current Ratio is at 11.88. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 28, 2024, Reiterated its Market Perform rating but revised its target price to $24 from $20 previously.

On November 30, 2023, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $16 to $20.

On October 02, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $18.Barclays initiated its Overweight rating on October 02, 2023, with a $18 target price.

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 Nov 17 ’27 when Brennan William Joseph sold 15,000 shares for $17.71 per share. The transaction valued at 265,662 led to the insider holds 3,867,421 shares of the business.

Brennan William Joseph sold 15,000 shares of CRDO for $216,762 on Oct 24 ’24. The Pres & Chief Executive Officer now owns 3,927,421 shares after completing the transaction at $14.45 per share. On Jun 17 ’24, another insider, Fleming Daniel W., who serves as the Chief Financial Officer of the company, sold 17,500 shares for $28.63 each. As a result, the insider received 500,974 and left with 701,714 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 4488869888 and an Enterprise Value of 4100610816. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.26 while its Price-to-Book (P/B) ratio in mrq is 8.40. Its current Enterprise Value per Revenue stands at 21.25 whereas that against EBITDA is -179.487.

Stock Price History:

Over the past 52 weeks, CRDO has reached a high of $29.89, while it has fallen to a 52-week low of $13.38. The 50-Day Moving Average of the stock is 29.20%, while the 200-Day Moving Average is calculated to be 42.60%.

Shares Statistics:

According to the various share statistics, CRDO traded on average about 2.04M shares per day over the past 3-months and 2141460 shares per day over the past 10 days. A total of 148.65M shares are outstanding, with a floating share count of 127.42M. Insiders hold about 21.97% of the company’s shares, while institutions hold 73.47% stake in the company. Shares short for CRDO as of 1715731200 were 11885203 with a Short Ratio of 5.18, compared to 1713139200 on 10742596. Therefore, it implies a Short% of Shares Outstanding of 11885203 and a Short% of Float of 9.3.

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