Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed the day trading at $43.70 up 3.87% from the previous closing price of $42.07. In other words, the price has increased by $3.87 from its previous closing price. On the day, 8.37 million shares were traded.
Ratios:
For a better understanding of CRDO, let’s look at its different ratios. 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 0.02 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, 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 07 ’25 when ACEVEDO SYLVIA bought 7,500 shares for $41.98 per share.
ACEVEDO SYLVIA bought 24,791 shares of CRDO for $1,029,838 on Mar 07 ’25. On Mar 06 ’25, another insider, William Joseph Brennan, who serves as the Officer of the company, bought 143,880 shares for $46.73 each.
Valuation Measures:
As of this moment, Credo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3189.78, and their Forward P/E ratio for the next fiscal year is 38.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 19.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.31 while its Price-to-Book (P/B) ratio in mrq is 12.86.
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 $16.82. The 50-Day Moving Average of the stock is -36.20%, while the 200-Day Moving Average is calculated to be -0.92%.
Shares Statistics:
A total of 167.24M shares are outstanding, with a floating share count of 144.02M. Insiders hold about 13.89% of the company’s shares, while institutions hold 75.89% stake in the company.
