In the latest session, Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $20.46 down -7.92% from its previous closing price of $22.22. On the day, 2527590 shares were traded.
Ratios:
For a deeper understanding of Credo Technology Group Holding Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8554.90. For the most recent quarter (mrq), Quick Ratio is recorded 11.94 and its Current Ratio is at 12.72. 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, 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 Mar 04 ’24, another insider, Lam Yat Tung, who serves as the Chief Operating Officer of the company, sold 130,000 shares for $21.78 each. As a result, the insider received 2,831,683 and left with 1,120,000 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 3.63B and an Enterprise Value of 3.23B. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.31 while its Price-to-Book (P/B) ratio in mrq is 6.25. Its current Enterprise Value per Revenue stands at 19.68 whereas that against EBITDA is -99.49.
Stock Price History:
Over the past 52 weeks, CRDO has reached a high of $23.90, while it has fallen to a 52-week low of $7.20. The 50-Day Moving Average of the stock is 20.93, while the 200-Day Moving Average is calculated to be 17.48.
Shares Statistics:
For the past three months, CRDO has traded an average of 2.31M shares per day and 2.78M over the past ten days. A total of 148.65M shares are outstanding, with a floating share count of 125.05M. Insiders hold about 23.31% of the company’s shares, while institutions hold 66.85% stake in the company. Shares short for CRDO as of Feb 15, 2024 were 9.26M with a Short Ratio of 4.01, compared to 7.6M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.75% and a Short% of Float of 7.36%.
Earnings Estimates
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.05, while EPS last year was -$0.04. The consensus estimate for the next quarter is $0.04, with high estimates of $0.06 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.08 and $0.04 for the fiscal current year, implying an average EPS of $0.07. EPS for the following year is $0.34, with 9 analysts recommending between $0.44 and $0.23.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $60.72M this quarter.It ranges from a high estimate of $61.81M to a low estimate of $60.47M. As of the current estimate, Credo Technology Group Holding Ltd’s year-ago sales were $32.09M, an estimated increase of 89.20% from the year-ago figure.
A total of 11 analysts have provided revenue estimates for CRDO’s current fiscal year. The highest revenue estimate was $194M, while the lowest revenue estimate was $188.15M, resulting in an average revenue estimate of $192.53M. In the same quarter a year ago, actual revenue was $184.19M, up 4.50% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $303.96M in the next fiscal year. The high estimate is $325M and the low estimate is $269.3M. The average revenue growth estimate for next year is up 57.90% from the average revenue estimate for this year.
