NASDAQ:CRDO Credo Technology Group (CRDO) Stock Price, News & Analysis → You need to know these two things about AI stocks ASAP… (From InvestorPlace) (Ad) Free crdo Stock Alerts $17.25 +0.07 (+0.41%) (As of 05/6/2024 ET) Add Compare Share Share Today's Range$17.21▼$17.5050-Day Range$16.92▼$23.0252-Week Range$7.44▼$23.90Volume1.50 million shsAverage Volume2.11 million shsMarket Capitalization$2.82 billionP/E RatioN/ADividend YieldN/APrice Target$24.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Credo Technology Group alerts: Email Address Credo Technology Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside40.6% Upside$24.25 Price TargetShort InterestBearish8.48% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.27Based on 7 Articles This WeekInsider TradingSelling Shares$35.97 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.12) to $0.16 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.72 out of 5 starsBusiness Services Sector97th out of 314 stocksSemiconductors & Related Devices Industry34th out of 90 stocks 4.3 Analyst's Opinion Consensus RatingCredo Technology Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 6 buy ratings, 1 hold rating, and 1 sell rating.Amount of Analyst CoverageCredo Technology Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.48% of the float of Credo Technology Group has been sold short.Short Interest Ratio / Days to CoverCredo Technology Group has a short interest ratio ("days to cover") of 5.1.Change versus previous monthShort interest in Credo Technology Group has recently decreased by 2.72%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldCredo Technology Group does not currently pay a dividend.Dividend GrowthCredo Technology Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CRDO. Previous Next 2.9 News and Social Media Coverage News SentimentCredo Technology Group has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Credo Technology Group this week, compared to 4 articles on an average week.Search Interest5 people have searched for CRDO on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.MarketBeat Follows5 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Credo Technology Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $35,965,584.00 in company stock.Percentage Held by Insiders23.89% of the stock of Credo Technology Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions80.46% of the stock of Credo Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Credo Technology Group are expected to grow in the coming year, from ($0.12) to $0.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credo Technology Group is -75.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Credo Technology Group is -75.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCredo Technology Group has a P/B Ratio of 7.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceYou need to know these two things about AI stocks ASAP…For 40 years, he's been known as one of the world's most bullish investors. Forbes even referred to him a "perma bull"... But he just shocked the world by issuing a massive bear warning about AI stocks.Go here now for this breaking story. About Credo Technology Group Stock (NASDAQ:CRDO)Credo Technology Group Holding Ltd provides various high-speed connectivCredo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is headquartered in San Jose, California.ity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company also offers intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, California.Read More CRDO Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRDO Stock News HeadlinesMay 4, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CEO Sells $257,250.00 in StockApril 24, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Chi Fung Cheng Sells 55,000 SharesMay 7, 2024 | DTI (Ad)Is Tesla going out of business?Goldman Sachs estimates that this new “Future Fuel” will unleash an $11.7 trillion wave of wealth over the coming decade. That’s 10 TIMES BIGGER than the electric vehicle market. April 16, 2024 | insidertrades.comYat Tung Lam Sells 10,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockApril 16, 2024 | insidertrades.comInsider Selling: Credo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Sells 55,000 Shares of StockApril 9, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CEO Sells $334,650.00 in StockApril 8, 2024 | insidertrades.comYat Tung Lam Sells 153,825 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockMay 5, 2024 | americanbankingnews.comWilliam Joseph Brennan Sells 15,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockMay 7, 2024 | DTI (Ad)Is Tesla going out of business?Goldman Sachs estimates that this new “Future Fuel” will unleash an $11.7 trillion wave of wealth over the coming decade. That’s 10 TIMES BIGGER than the electric vehicle market. May 5, 2024 | americanbankingnews.comChi Fung Cheng Sells 55,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockApril 30, 2024 | investorplace.comSpeculative Standouts: 7 ‘Strong Buy' Stocks to Snag for Under $20April 25, 2024 | investing.comCredo Technology CTO sells shares worth over $950kApril 23, 2024 | businesswire.comCredo at TSMC 2024 North America Technology SymposiumApril 20, 2024 | investing.comCredo Technology CEO sells shares worth over $559kApril 17, 2024 | investing.comCredo Technology COO sells over $1.9 million in company stockApril 17, 2024 | nasdaq.comValidea Detailed Fundamental Analysis - CRDOApril 10, 2024 | uk.investing.comCredo Technology CEO sells shares worth over $660kApril 10, 2024 | seekingalpha.comCredo Technology: Positive On Growth Acceleration And Customer Base DiversificationApril 2, 2024 | businesswire.comCredo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of DirectorsMarch 28, 2024 | markets.businessinsider.comStifel Nicolaus Reaffirms Their Buy Rating on Credo Technology Group Holding Ltd (CRDO)March 27, 2024 | finance.yahoo.comCredo and Wistron to Demonstrate 800G Linear Receive Optics with 51.2Tbs Switch Platform at OFC 2024March 25, 2024 | finance.yahoo.comAOI and Credo to Showcase 400G and 800G MMF Solutions at OFC 2024March 21, 2024 | finance.yahoo.comCredo to Participate in CEO Panel at Optica Executive Forum at OFC 2024March 20, 2024 | businesswire.comCredo Technology Group to Showcase Latest Optical Solutions at OFC 2024March 19, 2024 | finance.yahoo.comCredo Introduces HiWire AECs to Support 400G AI/ML Backend NetworksMarch 19, 2024 | businesswire.comKeysight Demonstrates First Full Line Rate 1.6 Terabit Ethernet Test CapabilityMarch 16, 2024 | ca.finance.yahoo.comCRDO Apr 2024 17.500 callSee More Headlines Receive CRDO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Credo Technology Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/27/2024Today5/06/2024Next Earnings (Estimated)5/29/2024Fiscal Year End4/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:CRDO CUSIPN/A CIK1807794 Webwww.credosemi.com Phone408-664-9329FaxN/AEmployees438Year FoundedN/APrice Target and Rating Average Stock Price Target$24.25 High Stock Price Target$30.00 Low Stock Price Target$16.00 Potential Upside/Downside+40.6%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($0.23) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-16,550,000.00 Net Margins-20.59% Pretax Margin-21.13% Return on Equity-7.82% Return on Assets-6.89% Debt Debt-to-Equity RatioN/A Current Ratio12.72 Quick Ratio11.94 Sales & Book Value Annual Sales$184.19 million Price / Sales15.29 Cash FlowN/A Price / Cash FlowN/A Book Value$2.34 per share Price / Book7.37Miscellaneous Outstanding Shares163,290,000Free Float124,281,000Market Cap$2.82 billion OptionableOptionable Beta2.03 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. William J. Brennan (Age 60)President, CEO & Director Comp: $857.5kMr. Chi Fung Cheng (Age 55)Co-founder, CTO & Director Comp: $535.21kMr. Yat Tung Lam (Age 57)Co-founder, COO & Director Comp: $458.75kMr. Daniel Fleming (Age 57)Chief Financial Officer Comp: $589.02kMr. Daniel J. O'Neil (Age 53)Vice President of Corporate Development & Investor Relations Ms. Katherine E. Schuelke (Age 61)Chief Legal Officer & Corporate Secretary Mr. Michael Girvan LampeVice President of Worldwide Sales & MarketingHon. Sherrill DaleVice President of Human ResourcesMore ExecutivesKey CompetitorsQifu TechnologyNASDAQ:QFINMarqetaNASDAQ:MQInstructureNYSE:INSTICF InternationalNASDAQ:ICFIZeta GlobalNASDAQ:ZETAView All CompetitorsInsiders & InstitutionsC2P Capital Advisory Group LLC d.b.a. Prosperity Capital AdvisorsBought 25,800 shares on 5/3/2024Ownership: 0.016%William Joseph BrennanSold 15,000 sharesTotal: $257,250.00 ($17.15/share)Jennison Associates LLCBought 45,396 shares on 5/2/2024Ownership: 1.455%Mutual of America Capital Management LLCSold 9,941 shares on 5/2/2024Ownership: 0.075%Chi Fung ChengSold 55,000 sharesTotal: $957,550.00 ($17.41/share)View All Insider TransactionsView All Institutional Transactions CRDO Stock Analysis - Frequently Asked Questions Should I buy or sell Credo Technology Group stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRDO shares. View CRDO analyst ratings or view top-rated stocks. What is Credo Technology Group's stock price target for 2024? 8 equities research analysts have issued twelve-month price objectives for Credo Technology Group's stock. Their CRDO share price targets range from $16.00 to $30.00. On average, they anticipate the company's stock price to reach $24.25 in the next twelve months. This suggests a possible upside of 40.6% from the stock's current price. View analysts price targets for CRDO or view top-rated stocks among Wall Street analysts. How have CRDO shares performed in 2024? Credo Technology Group's stock was trading at $19.47 at the start of the year. Since then, CRDO shares have decreased by 11.4% and is now trading at $17.25. View the best growth stocks for 2024 here. Are investors shorting Credo Technology Group? Credo Technology Group saw a increase in short interest in March. As of March 31st, there was short interest totaling 11,040,000 shares, an increase of 10.5% from the March 15th total of 9,990,000 shares. Based on an average daily volume of 2,220,000 shares, the short-interest ratio is presently 5.0 days. Currently, 8.8% of the shares of the company are short sold. View Credo Technology Group's Short Interest. When is Credo Technology Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024. View our CRDO earnings forecast. How were Credo Technology Group's earnings last quarter? Credo Technology Group Holding Ltd (NASDAQ:CRDO) announced its earnings results on Tuesday, February, 27th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $53.06 million for the quarter, compared to analysts' expectations of $51.91 million. Credo Technology Group had a negative net margin of 20.59% and a negative trailing twelve-month return on equity of 7.82%. Credo Technology Group's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. What ETFs hold Credo Technology Group's stock? ETFs with the largest weight of Credo Technology Group (NASDAQ:CRDO) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco Semiconductors ETF (PSI), Invesco Dorsey Wright Technology Momentum ETF (PTF), Defiance Next Gen Connectivity ETF (FIVG), JPMorgan U.S. Tech Leaders ETF (JTEK), BlackRock Future Tech ETF (BTEK).iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) and What guidance has Credo Technology Group issued on next quarter's earnings? Credo Technology Group issued an update on its fourth quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $59.0 million-$62.0 million, compared to the consensus revenue estimate of $59.8 million. When did Credo Technology Group IPO? Credo Technology Group (CRDO) raised $220 million in an IPO on Thursday, January 27th 2022. The company issued 20,000,000 shares at a price of $10.00-$12.00 per share. Who are Credo Technology Group's major shareholders? Credo Technology Group's stock is owned by many different retail and institutional investors. Top institutional investors include Jennison Associates LLC (1.45%), AMF Tjanstepension AB (1.05%), Principal Financial Group Inc. (1.00%), Allspring Global Investments Holdings LLC (0.22%), Capstone Investment Advisors LLC (0.08%) and Mutual of America Capital Management LLC (0.07%). Insiders that own company stock include Adam Thorngate-Gottlund, Chi Fung Cheng, Daniel W Fleming, Lip Bu Tan, Pantas Sutardja, William Joseph Brennan, William Joseph Brennan and Yat Tung Lam. View institutional ownership trends. How do I buy shares of Credo Technology Group? Shares of CRDO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CRDO) was last updated on 5/7/2024 by MarketBeat.com Staff From Our PartnersBiden’s $374B Giveaway Into This SectorDTIAI “wealth window” is closing June 25thParadigm PressThe 2024 crypto bull run has already started — don’t get left behindInvestorPlaceThe asset beating inflation by 4xColonial MetalsThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldCould Your Accounts Be Frozen?Allegiance GoldHe Is Giving Away BitcoinCrypto Swap ProfitsElon to Transform U.S. Economy? Porter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Credo Technology Group Holding Ltd Please log in to your account or sign up in order to add this asset to your watchlist. 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