For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Credo Technology Group Holding Ltd’s stock clocked out at $69.83, down -9.61% from its previous closing price of $77.25. In other words, the price has decreased by -$9.61 from its previous closing price. On the day, 4.66 million shares were traded. CRDO stock price reached its highest trading level at $76.44 during the session, while it also had its lowest trading level at $69.73.
Ratios:
To gain a deeper understanding of CRDO’s stock, we examine its different 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 Dec-18-24, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 16 ’24 when Laufman James bought 10,000 shares for $76.25 per share.
TAN LIP BU sold 150,000 shares of CRDO for $11,460,489 on Dec 16 ’24. The Director now owns 1,263,725 shares after completing the transaction at $76.40 per share. On Dec 13 ’24, another insider, TAN LIP BU, who serves as the Director of the company, sold 99,100 shares for $73.62 each. As a result, the insider received 7,296,097 and left with 1,413,725 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 11678300160 and an Enterprise Value of 7555918336. For the stock, the TTM Price-to-Sale (P/S) ratio is 47.55 while its Price-to-Book (P/B) ratio in mrq is 20.55. Its current Enterprise Value per Revenue stands at 34.726 whereas that against EBITDA is -354.755.
Stock Price History:
Over the past 52 weeks, CRDO has reached a high of $78.97, while it has fallen to a 52-week low of $16.82. The 50-Day Moving Average of the stock is 45.27%, while the 200-Day Moving Average is calculated to be 123.87%.
Shares Statistics:
It appears that CRDO traded 3.07M shares on average per day over the past three months and 6385290 shares per day over the past ten days. A total of 167.16M shares are outstanding, with a floating share count of 135.21M. Insiders hold about 19.15% of the company’s shares, while institutions hold 75.46% stake in the company. Shares short for CRDO as of 1731628800 were 6597784 with a Short Ratio of 2.46, compared to 1728950400 on 6943990. Therefore, it implies a Short% of Shares Outstanding of 6597784 and a Short% of Float of 4.7199998.
