Credo Technology Group Holding Ltd [CRDO] stock prices are up 4.69% to $42.39 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CRDO shares have gain 12.38% over the last week, with a monthly amount drifted -13.81%, 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.
The stock price of Credo Technology Group Holding Ltd [CRDO] has been fluctuating between $16.91 and $86.69 over the past year. Currently, Wall Street analysts expect the stock to reach $83.33 within the next 12 months. Credo Technology Group Holding Ltd [NASDAQ: CRDO] shares were valued at $42.39 at the most recent close of the market. An investor can expect a potential return of 96.58% based on the average CRDO price forecast.
Analyzing the CRDO fundamentals
The Credo Technology Group Holding Ltd [NASDAQ:CRDO] reported sales of 327.53M for trailing twelve months, representing a surge 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 40.71 points at the first support level, and at 39.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.88, and for the 2nd resistance point, it is at 45.37.
Ratios To Look Out For
It’s worth pointing out that Credo Technology Group Holding Ltd [NASDAQ:CRDO]’s Current Ratio is 7.67. Further, the Quick Ratio stands at 7.01, while the Cash Ratio is 3.71. Considering the valuation of this stock, the price to sales ratio is 21.98, the price to book ratio is 11.64 and price to earnings (TTM) ratio is 3094.16.
Transactions by insiders
Recent insider trading involved Cheng Chi Fung, Chief Technology Officer, that happened on Apr 22 ’25 when 55000.0 shares were sold. Chief Technology Officer, Cheng Chi Fung completed a deal on Apr 16 ’25 to sell 55000.0 shares. Meanwhile, Chief Legal Officer, Secretary Laufman James sold 8000.0 shares on Apr 14 ’25.
