Credo Technology Group Holding Ltd [CRDO] stock is trading at $38.72, up 1.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CRDO shares have gain 16.28% over the last week, with a monthly amount drifted -13.86%, 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 $38.72 at the most recent close of the market. An investor can expect a potential return of 90.47% 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. 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 37.75 points at the first support level, and at 36.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.34, and for the 2nd resistance point, it is at 39.95.
Ratios To Look Out For
For context, Credo Technology Group Holding Ltd’s Current Ratio is 7.67. Also, the Quick Ratio is 7.01, while the Cash Ratio stands at 3.71. Considering the valuation of this stock, the price to sales ratio is 20.07, the price to book ratio is 10.63 and price to earnings (TTM) ratio is 2826.28.
Transactions by insiders
Recent insider trading involved Daniel Fleming, Officer, that happened on Apr 10 ’25 when 3790.0 shares were purchased. Chief Technology Officer, Cheng Chi Fung completed a deal on Apr 04 ’25 to sell 55000.0 shares. Meanwhile, Director CHENG HUANG FAMILY TRUST bought 0.55 million shares on Apr 04 ’25.
