Stocks of Credo Technology Group Holding Ltd (NASDAQ:CRDO) traded higher last session on Wall Street, down -5.40% to $56.97.
CRDO stock price is now -20.47% away from the 50-day moving average and 33.11% away from the 200-day moving average. The market capitalization of the company currently stands at $9.53B.
With the price target of $80, Susquehanna recently initiated with Neutral rating for Credo Technology Group Holding Ltd (NASDAQ: CRDO). On December 03, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock keeping its target price maintained at $80, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Evelyn Job & April Foundation, Director bought 25,000 shares of the company’s stock on Feb 24 ’25. The stock was bought for $1,669,500 at an average price of $66.78. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24 ’25, Director YatTung Lam bought 50,000 shares of the business’s stock. A total of $3,339,000 was incurred on buying the stock at an average price of $66.78. A total of 14.01% of the company’s stock is owned by insiders.
During the past 12 months, Credo Technology Group Holding Ltd has had a low of $16.82 and a high of $86.69. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 10.84, and a quick ratio of 10.11.
The net profit margin was -9.70% and return on equity was -5.19% for CRDO. The company reported revenue of $72.03 million for the quarter, compared to $44.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.58 percent. For the current quarter, analysts expect CRDO to generate $120.36M in revenue.
