Credo Technology Group Holding Ltd [CRDO] stock prices are down -2.96% to $77.28 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRDO shares have gain 10.37% over the last week, with a monthly amount glided 2.66%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Credo Technology Group Holding Ltd [NASDAQ: CRDO] stock has seen the most recent analyst activity on December 17, 2024, when Susquehanna initiated its Neutral rating and assigned the stock a price target of $80. Previously, BofA Securities upgraded its rating to Buy on December 03, 2024, and kept the price target unchanged to $80. On December 03, 2024, TD Cowen reiterated its Buy rating and revised its price target to $75 on the stock. Needham reiterated its Buy rating and increased its price target to $70 on December 03, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $40 on July 15, 2024. TD Cowen upgraded its rating to Buy for this stock on June 25, 2024, and upped its price target to $35. In a note dated February 28, 2024, TD Cowen reiterated an Market Perform rating on this stock and boosted its target price from $20 to $24.
The stock price of Credo Technology Group Holding Ltd [CRDO] has been fluctuating between $16.82 and $86.69 over the past year. Currently, Wall Street analysts expect the stock to reach $56.86 within the next 12 months. Credo Technology Group Holding Ltd [NASDAQ: CRDO] shares were valued at $77.28 at the most recent close of the market. An investor can expect a potential drop of -26.42% based on the average CRDO price forecast.
Analyzing the CRDO fundamentals
The Credo Technology Group Holding Ltd [NASDAQ:CRDO] reported sales of 245.59M for trailing twelve months, representing a surge of 63.58%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.04 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.68 points at the first support level, and at 72.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.19, and for the 2nd resistance point, it is at 85.11.
Ratios To Look Out For
It’s worth pointing out that Credo Technology Group Holding Ltd [NASDAQ:CRDO]’s Current Ratio is 10.84. As well, the Quick Ratio is 10.11, while the Cash Ratio is 4.82. Considering the valuation of this stock, the price to sales ratio is 52.63, the price to book ratio is 22.75.
Transactions by insiders
Recent insider trading involved Sutardja, Pantas, Director, that happened on Jan 31 ’25 when 1875.0 shares were sold. Director, PANTAS SUTARDJA completed a deal on Jan 31 ’25 to buy 1875.0 shares. Meanwhile, Chief Operating Officer Lam Yat Tung sold 100000.0 shares on Jan 29 ’25.
