Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
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
As of close of business last night, Credo Technology Group Holding Ltd’s stock clocked out at $30.87, up 0.68% from its previous closing price of $30.66. In other words, the price has increased by $0.68 from its previous closing price. On the day, 1.22 million shares were traded. CRDO stock price reached its highest trading level at $31.57 during the session, while it also had its lowest trading level at $30.61.
Ratios:
To gain a deeper understanding of CRDO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 298.39. 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 the company, TD Cowen on June 25, 2024, Upgraded its rating to Buy and sets its target price to $35 from $24 previously.
On February 28, 2024, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $20 to $24.
TD Cowen reiterated its Market Perform rating for the stock on November 30, 2023, while the target price for the stock was revised from $16 to $20.
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 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 12 ’24, another insider, TAN LIP BU, who serves as the Director of the company, sold 12,845 shares for $31.51 each. As a result, the insider received 404,706 and left with 3,109,163 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 5099260928 and an Enterprise Value of 4703144448. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.43 while its Price-to-Book (P/B) ratio in mrq is 9.39. Its current Enterprise Value per Revenue stands at 24.372 whereas that against EBITDA is -208.824.
Stock Price History:
Over the past 52 weeks, CRDO has reached a high of $32.78, while it has fallen to a 52-week low of $13.38. The 50-Day Moving Average of the stock is 25.88%, while the 200-Day Moving Average is calculated to be 51.83%.
Shares Statistics:
It appears that CRDO traded 2.11M shares on average per day over the past three months and 1640730 shares per day over the past ten days. A total of 164.31M shares are outstanding, with a floating share count of 129.68M. Insiders hold about 21.66% of the company’s shares, while institutions hold 71.61% stake in the company. Shares short for CRDO as of 1719532800 were 8485685 with a Short Ratio of 4.02, compared to 1717113600 on 10551858. Therefore, it implies a Short% of Shares Outstanding of 8485685 and a Short% of Float of 6.54.
Earnings Estimates
As of right now, 9.0 analysts gave their recommendation on the stock of the company. 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 $0.44 and $0.31 for the fiscal current year, implying an average EPS of $0.35. EPS for the following year is $0.71, with 9.0 analysts recommending between $0.81 and $0.54.
Revenue Estimates
For the next quarter, 9 analysts are estimating revenue of $63.98M. There is a high estimate of $66.49M for the next quarter, whereas the lowest estimate is $61.3M.
A total of 10 analysts have provided revenue estimates for CRDO’s current fiscal year. The highest revenue estimate was $318.05M, while the lowest revenue estimate was $302.6M, resulting in an average revenue estimate of $312.11M. In the same quarter a year ago, actual revenue was $192.97MBased on 10 analysts’ estimates, the company’s revenue will be $470.92M in the next fiscal year. The high estimate is $516.99M and the low estimate is $430.05M.
