Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $27.38 in the last session, down -4.20% from day before closing price of $28.58. In other words, the price has decreased by -$4.20 from its previous closing price. On the day, 1.62 million shares were traded. CRDO stock price reached its highest trading level at $29.3 during the session, while it also had its lowest trading level at $27.29.
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 11.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 264.65. 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 this company, TD Cowen on July 15, 2024, Reiterated its Buy rating but revised its target price to $40 from $35 previously.
On June 25, 2024, TD Cowen Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $24 to $35.
TD Cowen reiterated its Market Perform rating for the stock on February 28, 2024, while the target price for the stock was revised from $20 to $24.
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 Jul 19 ’24, another insider, Cheng Chi Fung, who serves as the Chief Technology Officer of the company, sold 55,000 shares for $29.30 each. As a result, the insider received 1,611,522 and left with 9,333,602 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 4522764800 and an Enterprise Value of 4126647552. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.44 while its Price-to-Book (P/B) ratio in mrq is 8.33. Its current Enterprise Value per Revenue stands at 21.385 whereas that against EBITDA is -183.227.
Stock Price History:
Over the past 52 weeks, CRDO has reached a high of $33.96, while it has fallen to a 52-week low of $13.38. The 50-Day Moving Average of the stock is 0.07%, while the 200-Day Moving Average is calculated to be 29.54%.
Shares Statistics:
According to the various share statistics, CRDO traded on average about 2.17M shares per day over the past 3-months and 2146520 shares per day over the past 10 days. A total of 164.31M shares are outstanding, with a floating share count of 130.34M. Insiders hold about 21.09% of the company’s shares, while institutions hold 71.83% stake in the company. Shares short for CRDO as of 1721001600 were 8153887 with a Short Ratio of 3.75, compared to 1718323200 on 8995672. Therefore, it implies a Short% of Shares Outstanding of 8153887 and a Short% of Float of 6.280000500000001.
Earnings Estimates
A detailed examination of Credo Technology Group Holding Ltd (CRDO) is currently in progress, with 10.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.04, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.05, with high estimates of $0.08 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.48 and $0.31 for the fiscal current year, implying an average EPS of $0.36. EPS for the following year is $0.74, with 10.0 analysts recommending between $1.03 and $0.54.
Revenue Estimates
For the next quarter, 10 analysts are estimating revenue of $64.6M. There is a high estimate of $70.2M for the next quarter, whereas the lowest estimate is $61.3M.
A total of 11 analysts have provided revenue estimates for CRDO’s current fiscal year. The highest revenue estimate was $351.4M, while the lowest revenue estimate was $302.6M, resulting in an average revenue estimate of $315.68M. In the same quarter a year ago, actual revenue was $192.97MBased on 11 analysts’ estimates, the company’s revenue will be $480.32M in the next fiscal year. The high estimate is $574.4M and the low estimate is $430.05M.
