At the time of writing, Credo Technology Group Holding Ltd [CRDO] stock is trading at $63.65, up 3.03%. 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 2.73% over the last week, with a monthly amount glided 45.72%, 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 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.
For the past year, the stock price of Credo Technology Group Holding Ltd fluctuated between $19.13 and $86.69. Currently, Wall Street analysts expect the stock to reach $80 within the next 12 months. Credo Technology Group Holding Ltd [NASDAQ: CRDO] shares were valued at $63.65 at the most recent close of the market. An investor can expect a potential return of 25.69% based on the average CRDO price forecast.
Analyzing the CRDO fundamentals
According to Credo Technology Group Holding Ltd [NASDAQ:CRDO], the company’s sales were 327.53M for trailing twelve months, which represents an 154.44% jump. 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 0.03.
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 62.42 points at the first support level, and at 61.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.99, and for the 2nd resistance point, it is at 66.32.
Ratios To Look Out For
It is important to note that Credo Technology Group Holding Ltd [NASDAQ:CRDO] has a current ratio of 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 33.00, the price to book ratio is 17.47 and price to earnings (TTM) ratio is 4645.99.
Transactions by insiders
Recent insider trading involved Cheng Chi Fung, Chief Technology Officer, that happened on May 02 ’25 when 55000.0 shares were sold. Former Director, DZHS COMMUNITY PROPERTY TRUST completed a deal on May 05 ’25 to buy 13333.0 shares. Meanwhile, Director Sutardja, Pantas sold 1875.0 shares on May 01 ’25.
