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

12 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, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRDO shares.
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12 equities research analysts have issued 12 month target prices for Credo Technology Group's shares. Their CRDO share price targets range from $11.00 to $24.00. On average, they expect the company's stock price to reach $17.92 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
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Credo Technology Group's stock was trading at $13.31 on January 1st, 2023. Since then, CRDO shares have increased by 34.5% and is now trading at $17.90.
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Credo Technology Group saw a increase in short interest in November. As of November 15th, there was short interest totaling 8,420,000 shares, an increase of 7.1% from the October 31st total of 7,860,000 shares. Based on an average daily volume of 1,530,000 shares, the days-to-cover ratio is currently 5.5 days. Approximately 7.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
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Credo Technology Group Holding Ltd (NASDAQ:CRDO) announced its quarterly earnings results on Wednesday, November, 29th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.05. The company had revenue of $44.04 million for the quarter, compared to analyst estimates of $42.66 million. Credo Technology Group had a negative trailing twelve-month return on equity of 7.98% and a negative net margin of 19.00%. The firm's revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share.

ETFs with the largest weight of Credo Technology Group (NASDAQ:CRDO) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD).BlackRock Future Tech ETF (BTEK).

(CRDO) raised $220 million in an initial public offering (IPO) on Thursday, January 27th 2022. The company issued 20,000,000 shares at $10.00-$12.00 per share.

Credo Technology Group's stock is owned by a number of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (5.80%), Principal Financial Group Inc. (1.05%), Assenagon Asset Management S.A. (0.90%), American Century Companies Inc. (0.88%), Morgan Stanley (0.80%) and Emerald Advisers LLC (0.74%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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