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The price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $36.63 in the last session, down -2.89% from day before closing price of $37.72. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 2.35 million shares were traded. CRDO stock price reached its highest trading level at $37.766 during the session, while it also had its lowest trading level at $36.16.
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 Apr 16 ’25 when Cheng Chi Fung sold 55,000 shares for $37.29 per share. The transaction valued at 2,051,023 led to the insider holds 7,828,602 shares of the business.
Laufman James sold 8,000 shares of CRDO for $312,720 on Apr 14 ’25. The Chief Legal Officer, Secretary now owns 271,725 shares after completing the transaction at $39.09 per share. On Apr 11 ’25, another insider, Fleming Daniel W., who serves as the Chief Financial Officer of the company, sold 3,790 shares for $40.75 each. As a result, the insider received 154,453 and left with 608,602 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 6219810304 and an Enterprise Value of 5856745472. As of this moment, Credo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2673.72, and their Forward P/E ratio for the next fiscal year is 31.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 16.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.99 while its Price-to-Book (P/B) ratio in mrq is 10.05. Its current Enterprise Value per Revenue stands at 17.881 whereas that against EBITDA is 412.825.
Stock Price History:
The Beta on a monthly basis for CRDO is 2.27, which has changed by 1.114896 over the last 52 weeks, in comparison to a change of 0.05430484 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 -28.20%, while the 200-Day Moving Average is calculated to be -21.11%.
Shares Statistics:
According to the various share statistics, CRDO traded on average about 5.97M shares per day over the past 3-months and 4814930 shares per day over the past 10 days. A total of 169.70M shares are outstanding, with a floating share count of 146.82M. Insiders hold about 13.58% of the company’s shares, while institutions hold 74.74% stake in the company. Shares short for CRDO as of 1743379200 were 10636145 with a Short Ratio of 1.78, compared to 1740700800 on 8816061. Therefore, it implies a Short% of Shares Outstanding of 10636145 and a Short% of Float of 7.4200004.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The stock of Credo Technology Group Holding Ltd (CRDO) is currently in the spotlight, with 10.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $0.28, with high estimates of $0.3 and low estimates of $0.26.
Analysts are recommending an EPS of between $0.65 and $0.61 for the fiscal current year, implying an average EPS of $0.63. EPS for the following year is $1.15, with 11.0 analysts recommending between $1.28 and $1.05.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $159.59M. It ranges from a high estimate of $160.24M to a low estimate of $156M. As of the current estimate, Credo Technology Group Holding Ltd’s year-ago sales were $60.78MFor the next quarter, 9 analysts are estimating revenue of $162.2M. There is a high estimate of $165M for the next quarter, whereas the lowest estimate is $158.6M.
A total of 10 analysts have provided revenue estimates for CRDO’s current fiscal year. The highest revenue estimate was $427M, while the lowest revenue estimate was $422.8M, resulting in an average revenue estimate of $426.44M. In the same quarter a year ago, actual revenue was $192.97MBased on 12 analysts’ estimates, the company’s revenue will be $688.83M in the next fiscal year. The high estimate is $800M and the low estimate is $650M.
