Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $60.22 down -9.82% from its previous closing price of $66.78. In other words, the price has decreased by -$9.82 from its previous closing price. On the day, 8.27 million shares were traded.
Ratios:
For a deeper understanding of Credo Technology Group Holding Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.11 and its Current Ratio is at 10.84. 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, Susquehanna on December 17, 2024, initiated with a Neutral rating and assigned the stock a target price of $80.
On December 03, 2024, BofA Securities Upgraded its rating to Buy which previously was Underperform but kept the price unchanged to $80.
TD Cowen reiterated its Buy rating for the stock on December 03, 2024, while the target price for the stock was revised from $45 to $75.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 24 ’25 when Evelyn Job & April Foundation bought 25,000 shares for $66.78 per share.
YatTung Lam bought 50,000 shares of CRDO for $3,339,000 on Feb 24 ’25. On Feb 18 ’25, another insider, Lam Yat Tung, who serves as the Chief Operating Officer of the company, sold 170,000 shares for $74.74 each. As a result, the insider received 12,705,005 and left with 1,100,000 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 41.01 while its Price-to-Book (P/B) ratio in mrq is 17.73.
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 $16.82. The 50-Day Moving Average of the stock is -16.14%, while the 200-Day Moving Average is calculated to be 41.37%.
Shares Statistics:
A total of 167.16M shares are outstanding, with a floating share count of 143.63M. Insiders hold about 14.12% of the company’s shares, while institutions hold 75.83% stake in the company.
Earnings Estimates
The current assessment of Credo Technology Group Holding Ltd (CRDO) involves the perspectives of 9.0 analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $0.23, with high estimates of $0.25 and low estimates of $0.22.
Analysts are recommending an EPS of between $0.54 and $0.48 for the fiscal current year, implying an average EPS of $0.51. EPS for the following year is $1.02, with 11.0 analysts recommending between $1.27 and $0.88.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $120.36M this quarter.It ranges from a high estimate of $123M to a low estimate of $119.8M. As of the current estimate, Credo Technology Group Holding Ltd’s year-ago sales were $53.06MFor the next quarter, 9 analysts are estimating revenue of $136.3M. There is a high estimate of $140M for the next quarter, whereas the lowest estimate is $132.5M.
A total of 10 analysts have provided revenue estimates for CRDO’s current fiscal year. The highest revenue estimate was $392M, while the lowest revenue estimate was $384.2M, resulting in an average revenue estimate of $388.83M. In the same quarter a year ago, actual revenue was $192.97MBased on 11 analysts’ estimates, the company’s revenue will be $625.86M in the next fiscal year. The high estimate is $800M and the low estimate is $575M.
