Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed the day trading at $68.92 up 0.60% from the previous closing price of $68.51. In other words, the price has increased by $0.60 from its previous closing price. On the day, 2.27 million shares were traded. CRDO stock price reached its highest trading level at $70.366 during the session, while it also had its lowest trading level at $67.55.
Ratios:
For a better understanding of CRDO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.11 and its Current Ratio is at 10.84. In the meantime, Its Debt-to-Equity ratio is 0.03 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, Susquehanna on December 17, 2024, initiated with a Neutral rating and assigned the stock a target price of $80.
On December 03, 2024, BofA Securities Upgraded its rating to Buy which previously was Underperform but kept the price unchanged to $80.
TD Cowen reiterated its Buy rating for the stock on December 03, 2024, while the target price for the stock was revised from $45 to $75.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 18 ’24 when Fleming Daniel W. sold 3,790 shares for $69.93 per share. The transaction valued at 265,025 led to the insider holds 652,666 shares of the business.
PANTAS SUTARDJA bought 21,041 shares of CRDO for $1,410,589 on Dec 20 ’24. On Dec 16 ’24, another insider, Laufman James, who serves as the Officer of the company, bought 10,000 shares for $76.25 each.
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 11526112256 and an Enterprise Value of 7555918336. For the stock, the TTM Price-to-Sale (P/S) ratio is 47.96 while its Price-to-Book (P/B) ratio in mrq is 20.29. Its current Enterprise Value per Revenue stands at 34.726 whereas that against EBITDA is -354.755.
Stock Price History:
Over the past 52 weeks, CRDO has reached a high of $78.97, while it has fallen to a 52-week low of $16.82. The 50-Day Moving Average of the stock is 36.20%, while the 200-Day Moving Average is calculated to be 114.64%.
Shares Statistics:
Over the past 3-months, CRDO traded about 3.20M shares per day on average, while over the past 10 days, CRDO traded about 4777530 shares per day. A total of 167.16M shares are outstanding, with a floating share count of 135.53M. Insiders hold about 18.96% of the company’s shares, while institutions hold 75.46% stake in the company. Shares short for CRDO as of 1731628800 were 6597784 with a Short Ratio of 2.36, compared to 1728950400 on 6943990. Therefore, it implies a Short% of Shares Outstanding of 6597784 and a Short% of Float of 4.7199998.
