In Wednesday’s Wall Street session, Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares traded at $76.46, up 6.31% from the previous session.
CRDO stock price is now 56.16% away from the 50-day moving average and 51.61% away from the 200-day moving average. The market capitalization of the company currently stands at $12.98B.
With the price target enhanced from $50 to $85, TD Cowen maintained Buy rating for Credo Technology Group Holding Ltd (NASDAQ: CRDO). On March 10, 2025, Susquehanna Upgraded its previous ‘Neutral’ rating to ‘Positive’ on the stock keeping its target price maintained at $60, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Zinsner David, Director bought 7,500 shares of the company’s stock on Jun 04 ’25. The stock was bought for $548,250 at an average price of $73.10. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’25, Chief Technology Officer Cheng Chi Fung sold 55,000 shares of the business’s stock. A total of $2,640,965 was realized by selling the stock at an average price of $48.02. This leaves the insider owning 7,663,602 shares of the company worth $585.96 million. A total of 13.39% of the company’s stock is owned by insiders.
During the past 12 months, Credo Technology Group Holding Ltd has had a low of $22.50 and a high of $86.69. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 6.62, and a quick ratio of 5.79. According to the stock market information, the enterprise value for the company is $12610521088, which is based on a 275.23 price-to-earnings ratio, a 7.76 price-to-earnings-growth ratio, and a beta of 2.43. The fifty day moving average price for CRDO is $48.9616 and a two-hundred day moving average price translates $50.4332 for the stock.
The latest earnings results from Credo Technology Group Holding Ltd (NASDAQ: CRDO) was released for 2025-05-03. The net profit margin was 11.95% and return on equity was 8.54% for CRDO.
