NASDAQ:CRDO Credo Technology Group (CRDO) Stock Forecast, Price & News $15.25 +0.23 (+1.53%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$15.11▼$15.3150-Day Range$13.89▼$17.0552-Week Range$7.20▼$19.46Volume970,255 shsAverage Volume2.13 million shsMarket Capitalization$2.29 billionP/E RatioN/ADividend YieldN/APrice Target$15.30 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Credo Technology Group MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside0.3% Upside$15.30 Price TargetShort InterestBearish7.24% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.16Based on 13 Articles This WeekInsider TradingSelling Shares$13.33 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.15) to $0.06 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.23 out of 5 starsBusiness Services Sector307th out of 319 stocksSemiconductors & Related Devices Industry84th out of 86 stocks 1.3 Analyst's Opinion Consensus RatingCredo Technology Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.30, Credo Technology Group has a forecasted upside of 0.3% from its current price of $15.26.Amount of Analyst CoverageCredo Technology Group has only been the subject of 4 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.24% 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 4.1.Change versus previous monthShort interest in Credo Technology Group has recently increased by 6.29%, indicating that investor sentiment is decreasing significantly. 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 1.8 News and Social Media Coverage News SentimentCredo Technology Group has a news sentiment score of 0.16. 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 is a lower news sentiment than the 0.64 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Credo Technology Group this week, compared to 3 articles on an average week.Search InterestOnly 3 people have searched for CRDO on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 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 $13,325,797.00 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 Institutions54.44% 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 ($0.15) to $0.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credo Technology Group is -80.32, 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 -80.32, 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 6.58. 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 About Credo Technology Group (NASDAQ:CRDO) StockCredo 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRDO Stock News HeadlinesSeptember 27, 2023 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Given Average Recommendation of "Moderate Buy" by BrokeragesSeptember 26, 2023 | americanbankingnews.comAnalyzing Credo Technology Group (NASDAQ:CRDO) and POET Technologies (NASDAQ:POET)September 29, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.September 24, 2023 | americanbankingnews.comChi Fung Cheng Sells 40,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockSeptember 9, 2023 | finance.yahoo.comInsider Sell: Yat Lam Sells 155,000 Shares of Credo Technology Group Holding Ltd (CRDO)September 6, 2023 | finance.yahoo.comCredo Introduces Industry’s First Monolithically Integrated CMOS VCSEL Driver in an 800G DSPAugust 31, 2023 | seekingalpha.comCredo Technology: Near-Term Growth Uncertainty Is Not A Good ThingAugust 25, 2023 | markets.businessinsider.comWhat 8 Analyst Ratings Have To Say About Credo Technology GroupSeptember 29, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.August 25, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Q1 2024 Earnings Call TranscriptAugust 25, 2023 | finance.yahoo.comWhy Credo Technology Stock Rose This WeekAugust 25, 2023 | finance.yahoo.comQ1 2024 Credo Technology Group Holding Ltd Earnings CallAugust 24, 2023 | markets.businessinsider.comMizuho Securities Sticks to Their Buy Rating for Credo Technology Group Holding Ltd (CRDO)August 24, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd. (CRDO) Reports Q1 Loss, Tops Revenue EstimatesAugust 24, 2023 | markets.businessinsider.comCredo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2024 Financial ResultsAugust 24, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2024 Financial ResultsAugust 21, 2023 | markets.businessinsider.comCredo Technology Group Holding Ltd (CRDO) Gets a Buy from Craig-HallumAugust 21, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd's (NASDAQ:CRDO) recent 5.6% pullback adds to one-year year losses, institutional owners may take drastic measuresAugust 14, 2023 | finance.yahoo.comCredo to Present at Goldman Sachs Communacopia + Technology ConferenceAugust 10, 2023 | finance.yahoo.comCredo Schedules First Quarter Fiscal Year 2024 Financial Results Conference CallAugust 9, 2023 | finance.yahoo.comCredo to Showcase HiWire AEC Cables at OCP China Day in BeijingJuly 27, 2023 | seekingalpha.comCredo: Super Growth On HiWire AdoptionJuly 20, 2023 | benzinga.comWhat 7 Analyst Ratings Have To Say About Credo Technology GroupJuly 20, 2023 | finance.yahoo.comCredo Technology Group Holding (NASDAQ:CRDO) shareholders are still up 34% over 1 year despite pulling back 4.6% in the past weekJuly 18, 2023 | benzinga.comCredo Technology Group Board Member Trades $5.78M In Company StockJuly 11, 2023 | seekingalpha.comCredo Technology: Gross Margin Should Expand But Valuation Is Still ExpensiveJune 29, 2023 | gurufocus.comInsider Sell: Credo Technology Group Holding Ltd's President & CEO William Brennan Sells ...See 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 CRDO Company Calendar Last Earnings8/24/2023Today9/29/2023Next Earnings (Estimated)11/29/2023Fiscal Year End4/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:CRDO CUSIPN/A CIK1807794 Webwww.credosemi.com Phone408-664-9329FaxN/AEmployees438Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.30 High Stock Price Forecast$20.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+1.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($0.19) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-16,550,000.00 Net Margins-16.30% Pretax Margin-17.19% Return on Equity-5.41% Return on Assets-4.65% Debt Debt-to-Equity RatioN/A Current Ratio10.27 Quick Ratio8.97 Sales & Book Value Annual Sales$184.19 million Price / Sales12.23 Cash FlowN/A Price / Cash FlowN/A Book Value$2.32 per share Price / Book6.47Miscellaneous Outstanding Shares150,030,000Free Float114,187,000Market Cap$2.25 billion OptionableNot Optionable Beta2.01 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. William J. Brennan (Age 59)Pres, CEO & Director Comp: $857.5kMr. Chi Fung Cheng (Age 54)Co-founder, CTO & Director Comp: $535.21kMr. Yat Tung Lam (Age 56)Co-founder, COO & Director Comp: $458.75kMr. Daniel Fleming (Age 56)Chief Financial Officer Comp: $589.02kMr. Adam Thorngate-Gottlund (Age 41)Gen. Counsel & Sec. Comp: $432.25kMr. Daniel J. O'Neil (Age 52)VP of Corp. Devel. & Investor Relations Mr. Michael Girvan LampeVP of Worldwide SalesMr. Scott FellerVP of MarketingMore ExecutivesKey CompetitorsJamfNASDAQ:JAMFICF InternationalNASDAQ:ICFILightspeed CommerceNYSE:LSPDPayoneer GlobalNASDAQ:PAYONuveiNASDAQ:NVEIView All CompetitorsInsiders & InstitutionsDaniel W FlemingSold 900 sharesTotal: $13,500.00 ($15.00/share)Chi Fung ChengSold 3,025 sharesTotal: $45,375.00 ($15.00/share)Barclays PLCSold 169,287 shares on 9/21/2023Ownership: 0.041%Chi Fung ChengSold 40,000 sharesTotal: $581,200.00 ($14.53/share)William Joseph BrennanSold 15,000 sharesTotal: $236,700.00 ($15.78/share)View All Insider TransactionsView All Institutional Transactions CRDO Stock - Frequently Asked Questions Should I buy or sell Credo Technology Group stock right now? 10 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, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2023? 10 equities research analysts have issued 1 year price targets for Credo Technology Group's stock. Their CRDO share price forecasts range from $11.00 to $20.00. On average, they anticipate the company's share price to reach $15.30 in the next year. This suggests a possible upside of 1.9% 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 2023? Credo Technology Group's stock was trading at $13.31 on January 1st, 2023. Since then, CRDO shares have increased by 12.8% and is now trading at $15.02. View the best growth stocks for 2023 here. Are investors shorting Credo Technology Group? Credo Technology Group saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,770,000 shares, an increase of 6.3% from the August 31st total of 7,310,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is currently 4.1 days. Currently, 7.2% 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, November 29th 2023. View our CRDO earnings forecast. How were Credo Technology Group's earnings last quarter? Credo Technology Group Holding Ltd (NASDAQ:CRDO) issued its quarterly earnings data on Thursday, August, 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.03). The firm had revenue of $35.10 million for the quarter, compared to the consensus estimate of $34.27 million. Credo Technology Group had a negative net margin of 16.30% and a negative trailing twelve-month return on equity of 5.41%. Credo Technology Group's revenue was down 24.5% on a year-over-year basis. During the same quarter last year, the company earned $0.01 EPS. 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).BlackRock Future Tech ETF (BTEK). What guidance has Credo Technology Group issued on next quarter's earnings? Credo Technology Group updated its second quarter 2024 earnings guidance on Thursday, August, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $42.00 million-$44.00 million, compared to the consensus revenue estimate of $40.32 million. When did Credo Technology Group IPO? (CRDO) raised $220 million in an initial public offering on Thursday, January 27th 2022. The company issued 20,000,000 shares at $10.00-$12.00 per share. What is Credo Technology Group's stock symbol? Credo Technology Group trades on the NASDAQ under the ticker symbol "CRDO." 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Credo Technology Group's stock price today? One share of CRDO stock can currently be purchased for approximately $15.02. How much money does Credo Technology Group make? Credo Technology Group (NASDAQ:CRDO) has a market capitalization of $2.25 billion and generates $184.19 million in revenue each year. The company earns $-16,550,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis. How many employees does Credo Technology Group have? The company employs 438 workers across the globe. How can I contact Credo Technology Group? Credo Technology Group's mailing address is 1600 TECHNOLOGY DRIVE, SAN JOSE CA, KY1-1104. The official website for the company is www.credosemi.com. The company can be reached via phone at 408-664-9329 or via email at ir@credosemi.com. This page (NASDAQ:CRDO) was last updated on 9/29/2023 by MarketBeat.com Staff 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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