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Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed the day trading at $28.67 up 3.88% from the previous closing price of $27.60. In other words, the price has increased by $3.88 from its previous closing price. On the day, 1.29 million shares were traded. CRDO stock price reached its highest trading level at $29.005 during the session, while it also had its lowest trading level at $27.6.
Ratios:
For a better understanding of CRDO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 277.12. 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 0.03 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 July 15, 2024, Reiterated its Buy rating but revised its target price to $40 from $35 previously.
On June 25, 2024, TD Cowen Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $24 to $35.
TD Cowen reiterated its Market Perform rating for the stock on February 28, 2024, while the target price for the stock was revised from $20 to $24.
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 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 Aug 12 ’24, another insider, Lam Yat Tung, who serves as the Chief Operating Officer of the company, sold 10,000 shares for $27.67 each. As a result, the insider received 276,681 and left with 2,807,777 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 4735853568 and an Enterprise Value of 4339736576. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.54 while its Price-to-Book (P/B) ratio in mrq is 8.72. Its current Enterprise Value per Revenue stands at 22.489 whereas that against EBITDA is -192.689.
Stock Price History:
Over the past 52 weeks, CRDO has reached a high of $33.96, while it has fallen to a 52-week low of $13.38. The 50-Day Moving Average of the stock is -0.25%, while the 200-Day Moving Average is calculated to be 31.82%.
Shares Statistics:
Over the past 3-months, CRDO traded about 2.15M shares per day on average, while over the past 10 days, CRDO traded about 1568520 shares per day. A total of 164.31M shares are outstanding, with a floating share count of 130.41M. Insiders hold about 21.05% of the company’s shares, while institutions hold 74.08% stake in the company. Shares short for CRDO as of 1722384000 were 7781361 with a Short Ratio of 3.62, compared to 1719532800 on 8485685. Therefore, it implies a Short% of Shares Outstanding of 7781361 and a Short% of Float of 6.0.
