Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $55.18 in the last session, up 4.90% from day before closing price of $52.60. In other words, the price has increased by $4.90 from its previous closing price. On the day, 8.88 million shares were traded.
Ratios:
We take a closer look at CRDO’s different ratios to gain a better understanding of the stock. 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 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 26 ’25 when Lam Yat Tung sold 100,000 shares for $61.13 per share. The transaction valued at 6,112,575 led to the insider holds 1,000,000 shares of the business.
Lam Yat Tung sold 10,000 shares of CRDO for $618,111 on Feb 24 ’25. The Chief Operating Officer now owns 2,815,621 shares after completing the transaction at $61.81 per share. On Feb 24 ’25, another insider, Evelyn Job & April Foundation, who serves as the Director of the company, bought 25,000 shares for $66.78 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 37.58 while its Price-to-Book (P/B) ratio in mrq is 16.24.
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 -21.99%, while the 200-Day Moving Average is calculated to be 27.19%.
Shares Statistics:
A total of 167.16M shares are outstanding, with a floating share count of 143.90M. Insiders hold about 14.01% of the company’s shares, while institutions hold 75.83% stake in the company.
