In the past week, CRDO stock has gone down by -5.37%, with a monthly gain of 3.38% and a quarterly surge of 83.94%. The volatility ratio for the week is 6.34%, and the volatility levels for the last 30 days are 6.60% for Credo Technology Group Holding Ltd The simple moving average for the past 20 days is -3.68% for CRDO’s stock, with a 94.77% simple moving average for the past 200 days.
Is It Worth Investing in Credo Technology Group Holding Ltd (NASDAQ: CRDO) Right Now?
The 36-month beta value for CRDO is also noteworthy at 2.10. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for CRDO is 135.78M, and at present, short sellers hold a 5.84% of that float. The average trading volume of CRDO on January 13, 2025 was 3.48M shares.
CRDO) stock’s latest price update
Credo Technology Group Holding Ltd (NASDAQ: CRDO) has seen a decline in its stock price by -7.18 in relation to its previous close of 73.80. However, the company has experienced a -5.37% decline in its stock price over the last five trading sessions. schaeffersresearch.com reported 2025-01-09 that Back in October, we posed a simple question about the artificial intelligence (AI) boom; who keeps the lights on?
Analysts’ Opinion of CRDO
Many brokerage firms have already submitted their reports for CRDO stocks, with Susquehanna repeating the rating for CRDO by listing it as a “Neutral.” The predicted price for CRDO in the upcoming period, according to Susquehanna is $80 based on the research report published on December 17, 2024 of the previous year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see CRDO reach a price target of $80. The rating they have provided for CRDO stocks is “Buy” according to the report published on December 03rd, 2024.
TD Cowen gave a rating of “Buy” to CRDO, setting the target price at $75 in the report published on December 03rd of the previous year.
CRDO Trading at 17.09% from the 50-Day Moving Average
After a stumble in the market that brought CRDO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.26% of loss for the given period.
Volatility was left at 6.60%, however, over the last 30 days, the volatility rate increased by 6.34%, as shares sank -0.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.52% upper at present.
During the last 5 trading sessions, CRDO fell by -4.65%, which changed the moving average for the period of 200-days by +218.67% in comparison to the 20-day moving average, which settled at $71.14. In addition, Credo Technology Group Holding Ltd saw 1.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRDO starting from Daniel Fleming, who proposed sale 22,538 shares at the price of $73.80 back on Jan 10 ’25. After this action, Daniel Fleming now owns shares of Credo Technology Group Holding Ltd, valued at $1,663,304 using the latest closing price.
CHUNG (BVI) CO LTD, the Director of Credo Technology Group Holding Ltd, proposed sale 300,000 shares at $73.02 during a trade that took place back on Jan 10 ’25, which means that CHUNG (BVI) CO LTD is holding shares at $21,906,000 based on the most recent closing price.
Stock Fundamentals for CRDO
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.62 for the gross margin
The net margin for Credo Technology Group Holding Ltd stands at -0.1. The total capital return value is set at -0.06. Equity return is now at value -5.19, with -4.56 for asset returns.
Based on Credo Technology Group Holding Ltd (CRDO), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48.
Currently, EBITDA for the company is -22.52 million with net debt to EBITDA at 9.23. When we switch over and look at the enterprise to sales, we see a ratio of 45.67. The receivables turnover for the company is 2.41for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.84.
Conclusion
In summary, Credo Technology Group Holding Ltd (CRDO) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
