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Credo Technology Group (CRDO) Stock Price, News & Analysis

Credo Technology Group logo
$89.37 +1.78 (+2.03%)
Closing price 04:00 PM Eastern
Extended Trading
$89.13 -0.24 (-0.27%)
As of 06:56 PM Eastern
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About Credo Technology Group Stock (NASDAQ:CRDO)

Key Stats

Today's Range
$85.02
$91.03
50-Day Range
$40.49
$95.05
52-Week Range
$22.50
$95.71
Volume
4.67 million shs
Average Volume
4.11 million shs
Market Capitalization
$15.18 billion
P/E Ratio
331.00
Dividend Yield
N/A
Price Target
$81.00
Consensus Rating
Buy

Company Overview

Credo Technology Group Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
72nd Percentile Overall Score

CRDO MarketRank™: 

Credo Technology Group scored higher than 72% of companies evaluated by MarketBeat, and ranked 259th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Credo Technology Group has received a consensus rating of Buy. The company's average rating score is 3.08, and is based on 12 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Credo Technology Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Credo Technology Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Credo Technology Group are expected to grow by 353.85% in the coming year, from $0.13 to $0.59 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Credo Technology Group is 329.15, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.17.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Credo Technology Group is 329.15, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 35.94.

  • Price to Earnings Growth Ratio

    Credo Technology Group has a PEG Ratio of 1.66. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Credo Technology Group has a P/B Ratio of 26.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Credo Technology Group's valuation and earnings.
  • Percentage of Shares Shorted

    5.17% of the float of Credo Technology Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Credo Technology Group has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Credo Technology Group has recently decreased by 10.34%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Credo Technology Group does not currently pay a dividend.

  • Dividend Growth

    Credo Technology Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    5.17% of the float of Credo Technology Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Credo Technology Group has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Credo Technology Group has recently decreased by 10.34%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Credo Technology Group has a news sentiment score of 0.76. 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 Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 22 news articles for Credo Technology Group this week, compared to 14 articles on an average week.
  • Search Interest

    61 people have searched for CRDO on MarketBeat in the last 30 days. This is an increase of 56% compared to the previous 30 days.
  • MarketBeat Follows

    26 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is an increase of 73% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $72,967,963.00 in company stock.

  • Percentage Held by Insiders

    16.04% 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 Institutions

    80.46% 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.

  • Read more about Credo Technology Group's insider trading history.
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CRDO Stock News Headlines

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CRDO Stock Analysis - Frequently Asked Questions

Credo Technology Group's stock was trading at $67.21 at the start of the year. Since then, CRDO shares have increased by 32.2% and is now trading at $88.8510.
View the best growth stocks for 2025 here
.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) posted its earnings results on Monday, June, 2nd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. Credo Technology Group's revenue for the quarter was up 179.6% compared to the same quarter last year.
Read the conference call transcript
.

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.

Credo Technology Group's top institutional shareholders include Cullen Investment Group LTD.. Insiders that own company stock include Chi Fung Cheng, Pantas Sutardja, Yat Tung Lam, William Joseph Brennan, William Joseph Brennan, Daniel W Fleming, Lip Bu Tan, James Laufman and Adam Thorngate-Gottlund.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Credo Technology Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Palo Alto Networks (PANW), Netflix (NFLX) and Adobe (ADBE).

Company Calendar

Last Earnings
6/02/2025
Today
7/02/2025
Next Earnings (Estimated)
9/03/2025
Fiscal Year End
4/30/2026

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
ELEC COMP - SEMIC
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:CRDO
Fax
N/A
Employees
380
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$81.00
High Stock Price Target
$95.00
Low Stock Price Target
$45.00
Potential Upside/Downside
-9.7%
Consensus Rating
Buy
Rating Score (0-4)
3.08
Research Coverage
13 Analysts

Profitability

Trailing P/E Ratio
333.18
Forward P/E Ratio
690.38
P/E Growth
1.66
Net Income
$52.18 million
Pretax Margin
4.44%

Debt

Sales & Book Value

Annual Sales
$436.77 million
Price / Cash Flow
N/A
Book Value
$3.31 per share
Price / Book
27.11

Miscellaneous

Free Float
142,565,000
Market Cap
$15.24 billion
Optionable
Optionable
Beta
2.57

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This page (NASDAQ:CRDO) was last updated on 7/2/2025 by MarketBeat.com Staff
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