For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) was $43.21 for the day, up 0.39% from the previous closing price of $43.04. In other words, the price has increased by $0.39 from its previous closing price. On the day, 1.78 million shares were traded.
Ratios:
Our analysis of CRDO’s different ratios will help us gain a deeper understanding of the company. 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:
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 Apr 22 ’25 when Cheng Chi Fung sold 55,000 shares for $36.74 per share. The transaction valued at 2,020,632 led to the insider holds 7,773,602 shares of the business.
Cheng Chi Fung sold 55,000 shares of CRDO for $2,051,023 on Apr 16 ’25. The Chief Technology Officer now owns 7,828,602 shares after completing the transaction at $37.29 per share. On Apr 14 ’25, another insider, Laufman James, who serves as the Chief Legal Officer, Secretary of the company, sold 8,000 shares for $39.09 each. As a result, the insider received 312,720 and left with 271,725 shares of the company.
Valuation Measures:
As of this moment, Credo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3154.01, and their Forward P/E ratio for the next fiscal year is 37.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 19.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.40 while its Price-to-Book (P/B) ratio in mrq is 11.86.
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 $16.91. The 50-Day Moving Average of the stock is -6.69%, while the 200-Day Moving Average is calculated to be -7.58%.
Shares Statistics:
A total of 169.70M shares are outstanding, with a floating share count of 146.94M. Insiders hold about 13.46% of the company’s shares, while institutions hold 74.13% stake in the company.
