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

8 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" CRDO shares.
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8 Wall Street analysts have issued 1 year price targets for Credo Technology Group's stock. Their CRDO share price targets range from $16.00 to $30.00. On average, they expect the company's stock price to reach $24.25 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
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Credo Technology Group's stock was trading at $19.47 at the start of the year. Since then, CRDO shares have decreased by 0.5% and is now trading at $19.38.
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Credo Technology Group saw a increase in short interest during the month of 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 trading volume of 2,220,000 shares, the short-interest ratio is currently 5.0 days. Currently, 8.8% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
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Credo Technology Group Holding Ltd (NASDAQ:CRDO) released its quarterly earnings data on Tuesday, February, 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $53.06 million for the quarter, compared to the consensus estimate 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%. The company's revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS.

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) and Invesco Dorsey Wright Technology Momentum ETF (PTF).BlackRock Future Tech ETF (BTEK).

Credo Technology Group updated its fourth quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) 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.

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 stock is owned by a number of institutional and retail investors. Top institutional shareholders include AMF Tjanstepension AB (1.05%), Harbour Capital Advisors LLC (0.01%), Counterpoint Mutual Funds LLC (0.01%) and Banque Cantonale Vaudoise (0.00%). 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.
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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.
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