Credo Technology Group Holding Ltd [CRDO] stock is trading at $50.53, up 9.04%. 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 7.46% over the last week, with a monthly amount drifted -24.33%, and not 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 March 10, 2025, when Susquehanna upgraded its rating to a Positive but kept the price target unchanged to $60 for it. Previously, Susquehanna started tracking the stock with Neutral rating on December 17, 2024, and set its price target to $80. On December 03, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $80 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $75 on December 03, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $70 on December 03, 2024. TD Cowen reiterated a Buy rating for this stock on July 15, 2024, and upped its price target to $40. In a note dated June 25, 2024, TD Cowen upgraded an Buy rating on this stock and boosted its target price from $24 to $35.
Credo Technology Group Holding Ltd [CRDO] stock has fluctuated between $16.82 and $86.69 over the past year. Currently, Wall Street analysts expect the stock to reach $73.75 within the next 12 months. Credo Technology Group Holding Ltd [NASDAQ: CRDO] shares were valued at $50.53 at the most recent close of the market. An investor can expect a potential return of 45.95% based on the average CRDO price forecast.
Analyzing the CRDO fundamentals
Credo Technology Group Holding Ltd [NASDAQ:CRDO] reported sales of 327.53M for the trailing twelve months, which represents a growth of 154.44%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 48.50 points at the first support level, and at 46.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.65, and for the 2nd resistance point, it is at 52.78.
Ratios To Look Out For
For context, Credo Technology Group Holding Ltd’s Current Ratio is 7.67. As well, the Quick Ratio is 7.01, while the Cash Ratio is 3.71. Considering the valuation of this stock, the price to sales ratio is 26.20, the price to book ratio is 13.87 and price to earnings (TTM) ratio is 3688.32.
Transactions by insiders
Recent insider trading involved DZHS COMMUNITY PROPERTY TRUST, Former Director, that happened on Mar 24 ’25 when 7500.0 shares were purchased. Chief Technology Officer, Cheng Chi Fung completed a deal on Mar 17 ’25 to sell 55000.0 shares. Meanwhile, Chief Technology Officer Cheng Chi Fung sold 55000.0 shares on Mar 10 ’25.
