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The price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $40.51 in the last session, down -4.53% from day before closing price of $42.43. In other words, the price has decreased by -$4.53 from its previous closing price. On the day, 3.0 million shares were traded. CRDO stock price reached its highest trading level at $42.535 during the session, while it also had its lowest trading level at $40.18.
Ratios:
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 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:
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 Mar 26 ’25 when Lam Yat Tung sold 10,000 shares for $45.23 per share. The transaction valued at 452,265 led to the insider holds 2,802,447 shares of the business.
Cheng Chi Fung sold 55,000 shares of CRDO for $2,737,138 on Mar 24 ’25. The Chief Technology Officer now owns 8,048,602 shares after completing the transaction at $49.77 per share. On Mar 24 ’25, another insider, DZHS COMMUNITY PROPERTY TRUST, who serves as the Former Director of the company, bought 7,500 shares for $49.81 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 6878638080 and an Enterprise Value of 6515574272. As of this moment, Credo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2956.93, and their Forward P/E ratio for the next fiscal year is 35.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 18.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.00 while its Price-to-Book (P/B) ratio in mrq is 11.12. Its current Enterprise Value per Revenue stands at 19.893 whereas that against EBITDA is 459.264.
Stock Price History:
The Beta on a monthly basis for CRDO is 2.26, which has changed by 0.9054563 over the last 52 weeks, in comparison to a change of 0.06429911 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 -33.23%, while the 200-Day Moving Average is calculated to be -11.52%.
Shares Statistics:
According to the various share statistics, CRDO traded on average about 5.78M shares per day over the past 3-months and 4417600 shares per day over the past 10 days. A total of 169.70M shares are outstanding, with a floating share count of 146.53M. Insiders hold about 13.70% of the company’s shares, while institutions hold 74.74% stake in the company. Shares short for CRDO as of 1741910400 were 10144539 with a Short Ratio of 1.75, compared to 1739491200 on 7716412. Therefore, it implies a Short% of Shares Outstanding of 10144539 and a Short% of Float of 7.08.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
