Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $59.79 in the last session, up 1.22% from day before closing price of $59.07. In other words, the price has increased by $1.22 from its previous closing price. On the day, 5.9 million shares were traded. CRDO stock price reached its highest trading level at $61.4381 during the session, while it also had its lowest trading level at $58.6.
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 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:
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 10152401920 and an Enterprise Value of 9789341696. As of this moment, Credo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4364.23, and their Forward P/E ratio for the next fiscal year is 51.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 26.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 31.00 while its Price-to-Book (P/B) ratio in mrq is 16.41. Its current Enterprise Value per Revenue stands at 29.888 whereas that against EBITDA is 690.022.
Stock Price History:
The Beta on a monthly basis for CRDO is 2.40, which has changed by 2.1303666 over the last 52 weeks, in comparison to a change of 0.11241627 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 $17.52. The 50-Day Moving Average of the stock is 36.06%, while the 200-Day Moving Average is calculated to be 24.89%.
Shares Statistics:
According to the various share statistics, CRDO traded on average about 5.30M shares per day over the past 3-months and 4305520 shares per day over the past 10 days. 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 67.75% stake in the company. Shares short for CRDO as of 1745971200 were 10281178 with a Short Ratio of 1.94, compared to 1743379200 on 10636145. Therefore, it implies a Short% of Shares Outstanding of 10281178 and a Short% of Float of 7.17.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
