While Credo Technology Group Holding Ltd has underperformed by -4.53%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CRDO rose by 87.03%, with highs and lows ranging from $86.69 to $16.82, whereas the simple moving average fell by -11.52% in the last 200 days.
On March 10, 2025, Susquehanna Upgraded Credo Technology Group Holding Ltd (NASDAQ: CRDO) to Positive. A report published by Susquehanna on December 17, 2024, Initiated its previous ‘Neutral’ rating for CRDO. BofA Securities also Upgraded CRDO shares as ‘Buy’, setting a target price of $80 on the company’s shares in a report dated December 03, 2024. TD Cowen Reiterated the rating as Buy on December 03, 2024, but set its price target from $45 to $75. Needham resumed its ‘Buy’ rating for CRDO, as published in its report on December 03, 2024. TD Cowen’s report from July 15, 2024 suggests a price prediction of $40 for CRDO shares, giving the stock a ‘Buy’ rating. TD Cowen also rated the stock as ‘Buy’.
Analysis of Credo Technology Group Holding Ltd (CRDO)
Further, the quarter-over-quarter increase in sales is 154.44%, showing a positive trend in the upcoming months.
Credo Technology Group Holding Ltd’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 0.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.01, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and CRDO has an average volume of 5.78M. On a monthly basis, the volatility of the stock is set at 8.98%, whereas on a weekly basis, it is put at 6.49%, with a loss of -12.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $84.67, showing growth from the present price of $40.51, which can serve as yet another indication of whether CRDO is worth investing in or should be passed over.
How Do You Analyze Credo Technology Group Holding Ltd Shares?
Semiconductors giant Credo Technology Group Holding Ltd (CRDO) is based in the Cayman Islands and is one of the largest companies in the market. When comparing Credo Technology Group Holding Ltd shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 2956.93, there is a growth in quarterly earnings of 6088.46%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 74.74% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CRDO shares are owned by institutional investors to the tune of 74.74% at present.
