The price of Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares last traded on Wall Street rose 7.38% to $85.59.
CRDO stock price is now 53.43% away from the 50-day moving average and 63.12% away from the 200-day moving average. The market capitalization of the company currently stands at $14.53B.
With the price target enhanced from $85 to $95, TD Cowen maintained Buy rating for Credo Technology Group Holding Ltd (NASDAQ: CRDO). On June 03, 2025, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $50 to quote $85, while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, TAN LIP BU, Director sold 171,473 shares of the company’s stock on Jun 16 ’25. The stock was sold for $13,358,179 at an average price of $77.90. Upon completion of the transaction, the Director now directly owns 613,725 shares in the company, valued at $52.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16 ’25, Chief Technology Officer Cheng Chi Fung sold 55,000 shares of the business’s stock. A total of $4,332,350 was realized by selling the stock at an average price of $78.77. This leaves the insider owning 7,493,961 shares of the company worth $641.41 million. A total of 13.25% 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 $14166319104, which is based on a 308.10 price-to-earnings ratio, a 8.69 price-to-earnings-growth ratio, and a beta of 2.44. The fifty day moving average price for CRDO is $55.7852 and a two-hundred day moving average price translates $52.47155 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. The company reported revenue of $135.0 million for the quarter, compared to $53.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 154.44 percent.
