Insider’s View: Deciphering Credo Technology Group Holding Ltd (CRDO)’s Financial Health Through Ratios

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The price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $31.35 in the last session, up 0.42% from day before closing price of $31.22. In other words, the price has increased by $0.42 from its previous closing price. On the day, 1.73 million shares were traded. CRDO stock price reached its highest trading level at $31.9 during the session, while it also had its lowest trading level at $30.76.

Ratios:

We take a closer look at CRDO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 303.03. 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 the company, TD Cowen on June 25, 2024, Upgraded its rating to Buy and sets its target price to $35 from $24 previously.

On February 28, 2024, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $20 to $24.

TD Cowen reiterated its Market Perform rating for the stock on November 30, 2023, while the target price for the stock was revised from $16 to $20.

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 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 Jun 21 ’24, another insider, Cheng Chi Fung, who serves as the Chief Technology Officer of the company, sold 55,000 shares for $27.49 each. As a result, the insider received 1,512,060 and left with 9,498,602 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 5178549760 and an Enterprise Value of 4782433280. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.84 while its Price-to-Book (P/B) ratio in mrq is 9.54. Its current Enterprise Value per Revenue stands at 24.783 whereas that against EBITDA is -212.345.

Stock Price History:

The Beta on a monthly basis for CRDO is 2.25, which has changed by 0.90693426 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, CRDO has reached a high of $32.78, while it has fallen to a 52-week low of $13.38. The 50-Day Moving Average of the stock is 38.56%, while the 200-Day Moving Average is calculated to be 58.68%.

Shares Statistics:

According to the various share statistics, CRDO traded on average about 2.14M shares per day over the past 3-months and 2288980 shares per day over the past 10 days. A total of 164.31M shares are outstanding, with a floating share count of 128.96M. Insiders hold about 21.93% of the company’s shares, while institutions hold 72.58% stake in the company. Shares short for CRDO as of 1718323200 were 8995672 with a Short Ratio of 4.20, compared to 1715731200 on 11885203. Therefore, it implies a Short% of Shares Outstanding of 8995672 and a Short% of Float of 6.98.

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