Market Recap: Credo Technology Group Holding Ltd (CRDO)’s Positive Momentum%, Closing at $118.74

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The closing price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) was $118.74 for the day, up 1.71% from the previous closing price of $116.74. In other words, the price has increased by $1.71 from its previous closing price. On the day, 2.97 million shares were traded. CRDO stock price reached its highest trading level at $119.5 during the session, while it also had its lowest trading level at $114.16.

Ratios:

Our analysis of CRDO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 47.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 702.30. For the most recent quarter (mrq), Quick Ratio is recorded 5.79 and its Current Ratio is at 6.62. In the meantime, Its Debt-to-Equity ratio is 0.02 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 June 18, 2025, Reiterated its Buy rating but revised its target price to $95 from $85 previously.

On June 03, 2025, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $50 to $85.

Susquehanna Upgraded its Neutral to Positive on March 10, 2025, while the target price for the stock was maintained at $60.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 01 ’25 when Brennan William Joseph sold 150,000 shares for $106.87 per share. The transaction valued at 16,031,136 led to the insider holds 2,061,978 shares of the business.

Brennan William Joseph sold 46,444 shares of CRDO for $4,963,664 on Aug 01 ’25. The Pres & Chief Executive Officer now owns 393,338 shares after completing the transaction at $106.87 per share. On Aug 01 ’25, another insider, Sutardja, Pantas, who serves as the Director of the company, sold 1,875 shares for $107.00 each. As a result, the insider received 200,624 and left with 5,898,652 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 20380770304 and an Enterprise Value of 19965448192. As of this moment, Credo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 426.05, and their Forward P/E ratio for the next fiscal year is 55.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 46.66 while its Price-to-Book (P/B) ratio in mrq is 29.82. Its current Enterprise Value per Revenue stands at 45.711 whereas that against EBITDA is 333.118.

Stock Price History:

The Beta on a monthly basis for CRDO is 2.58, which has changed by 2.710625 over the last 52 weeks, in comparison to a change of 0.15222645 over the same period for the S&P500. Over the past 52 weeks, CRDO has reached a high of $128.56, while it has fallen to a 52-week low of $24.08. The 50-Day Moving Average of the stock is 21.20%, while the 200-Day Moving Average is calculated to be 77.38%.

Shares Statistics:

CRDO traded an average of 5.10M shares per day over the past three months and 3463150 shares per day over the past ten days. A total of 171.17M shares are outstanding, with a floating share count of 149.32M. Insiders hold about 13.00% of the company’s shares, while institutions hold 75.17% stake in the company. Shares short for CRDO as of 1753920000 were 7665880 with a Short Ratio of 1.50, compared to 1751241600 on 10002688. Therefore, it implies a Short% of Shares Outstanding of 7665880 and a Short% of Float of 5.2800003.

Earnings Estimates

Investors are eagerly awaiting the insights provided by 11.0 analysts currently analyzing and rating the stock of Credo Technology Group Holding Ltd (CRDO).The consensus estimate for the next quarter is $0.37, with high estimates of $0.4 and low estimates of $0.34.

Analysts are recommending an EPS of between $1.65 and $1.4 for the fiscal current year, implying an average EPS of $1.54. EPS for the following year is $1.96, with 10.0 analysts recommending between $2.28 and $1.76.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $196.9M to a low estimate of $189M. As of the current estimate, Credo Technology Group Holding Ltd’s year-ago sales were $59.71MFor the next quarter, 10 analysts are estimating revenue of $198.59M. There is a high estimate of $208.7M for the next quarter, whereas the lowest estimate is $194.7M.

A total of 9 analysts have provided revenue estimates for CRDO’s current fiscal year. The highest revenue estimate was $860.3M, while the lowest revenue estimate was $800M, resulting in an average revenue estimate of $813.79M. In the same quarter a year ago, actual revenue was $436.77MBased on 9 analysts’ estimates, the company’s revenue will be $1B in the next fiscal year. The high estimate is $1.17B and the low estimate is $936M.

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