Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) was $60.45 for the day, down -2.67% from the previous closing price of $62.11. In other words, the price has decreased by -$2.67 from its previous closing price. On the day, 3.3 million shares were traded.
Ratios:
Our analysis of CRDO’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 02 ’25 when Cheng Chi Fung sold 55,000 shares for $48.02 per share. The transaction valued at 2,640,965 led to the insider holds 7,663,602 shares of the business.
DZHS COMMUNITY PROPERTY TRUST bought 13,333 shares of CRDO for $653,633 on May 05 ’25. On May 01 ’25, another insider, Sutardja, Pantas, who serves as the Director of the company, sold 1,875 shares for $46.01 each. As a result, the insider received 86,269 and left with 5,900,527 shares of the company.
Valuation Measures:
As of this moment, Credo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4412.41, and their Forward P/E ratio for the next fiscal year is 52.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 27.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 31.34 while its Price-to-Book (P/B) ratio in mrq is 16.59.
Stock Price History:
Over the past 52 weeks, CRDO has reached a high of $86.69, while it has fallen to a 52-week low of $18.54. The 50-Day Moving Average of the stock is 32.21%, while the 200-Day Moving Average is calculated to be 24.05%.
Shares Statistics:
A total of 169.70M shares are outstanding, with a floating share count of 147.06M. Insiders hold about 13.39% of the company’s shares, while institutions hold 75.77% stake in the company.
