NASDAQ:CRDO Credo Technology Group (CRDO) Stock Price, News & Analysis $28.58 +0.07 (+0.25%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$28.34▼$29.2850-Day Range$18.89▼$33.8352-Week Range$13.38▼$33.96Volume1.15 million shsAverage Volume2.16 million shsMarket Capitalization$4.72 billionP/E RatioN/ADividend YieldN/APrice Target$30.38 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Credo Technology Group alerts: Email Address Credo Technology Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside6.3% Upside$30.38 Price TargetShort InterestHealthy6.26% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.03Based on 13 Articles This WeekInsider TradingSelling Shares$26.10 M Sold Last QuarterProj. Earnings Growth471.43%From $0.07 to $0.40 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.3.25 out of 5 starsBusiness Services Sector136th out of 317 stocksSemiconductors & Related Devices Industry46th out of 89 stocks 2.4 Analyst's Opinion Consensus RatingCredo Technology Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 7 buy ratings, no hold ratings, 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.Read more about Credo Technology Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted6.26% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Credo Technology Group has recently decreased by 4.00%, 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 3.4 News and Social Media Coverage News SentimentCredo Technology Group has a news sentiment score of 1.03. 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 higher news sentiment than the 0.57 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 4 articles on an average week.Search InterestOnly 10 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 Follows18 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is an increase of 38% 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 $26,102,844.00 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.Read more about Credo Technology Group's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Credo Technology Group are expected to grow by 471.43% in the coming year, from $0.07 to $0.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credo Technology Group is -158.78, 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 -158.78, 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 8.63. 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. 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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 HeadlinesJuly 25 at 5:08 AM | insidertrades.comInsider Selling: Credo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Sells 55,000 Shares of StockJuly 16, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) COO Sells $306,200.00 in StockJuly 26, 2024 | MarketBeat (Ad)We just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.July 13, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Director Lip Bu Tan Sells 6,110 SharesJuly 11, 2024 | insidertrades.comLip Bu Tan Sells 45,476 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockJuly 26 at 6:48 PM | finance.yahoo.comMilDef Group And Two Other Growth Companies With Significant Insider OwnershipJuly 26 at 6:48 PM | finance.yahoo.com3 High Insider Ownership US Stocks With Up To 20% Revenue GrowthJuly 26 at 1:46 AM | americanbankingnews.comBrokerages Set Credo Technology Group Holding Ltd (NASDAQ:CRDO) Target Price at $30.38July 26, 2024 | MarketBeat (Ad)We just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.July 20, 2024 | americanbankingnews.comStifel Nicolaus Increases Credo Technology Group (NASDAQ:CRDO) Price Target to $36.00July 17, 2024 | americanbankingnews.comYat Tung Lam Sells 10,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockJuly 17, 2024 | americanbankingnews.comChi Fung Cheng Sells 55,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockJuly 17, 2024 | americanbankingnews.comLip Bu Tan Sells 245,438 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockJuly 16, 2024 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Given New $40.00 Price Target at TD CowenJuly 16, 2024 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Reaches New 12-Month High After Analyst UpgradeJuly 15, 2024 | investorplace.com7 Hypergrowth Stocks to Buy and Hold for 50 YearsJuly 14, 2024 | investorplace.com3 Stocks to Buy Before They Skyrocket: July EditionJuly 6, 2024 | 247wallst.com5 Growth Stocks Poised to Grow Faster than NVIDIA Next YearSee 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 Earnings5/29/2024Today7/26/2024Next Earnings (Estimated)8/22/2024Fiscal Year End4/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Semiconductors & related devices Sub-IndustryElectronic Equipment Current SymbolNASDAQ:CRDO CUSIPN/A CIK1807794 Webwww.credosemi.com Phone408-664-9329FaxN/AEmployees380Year FoundedN/APrice Target and Rating Average Stock Price Target$30.38 High Stock Price Target$40.00 Low Stock Price Target$22.00 Potential Upside/Downside+5.7%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($0.18) Trailing P/E RatioN/A Forward P/E Ratio410.71 P/E GrowthN/ANet Income$-28,370,000.00 Net Margins-14.70% Pretax Margin-11.79% Return on Equity-4.51% Return on Assets-4.01% Debt Debt-to-Equity RatioN/A Current Ratio11.88 Quick Ratio11.30 Sales & Book Value Annual Sales$192.97 million Price / Sales24.61 Cash FlowN/A Price / Cash FlowN/A Book Value$3.31 per share Price / Book8.69Miscellaneous Outstanding Shares165,180,000Free Float125,722,000Market Cap$4.75 billion OptionableOptionable Beta2.24 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.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 CompetitorsQorvoNASDAQ:QRVOUniversal DisplayNASDAQ:OLEDLeonardo DRSNASDAQ:DRSAllegro MicroSystemsNASDAQ:ALGMImpinjNASDAQ:PIView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 252,349 shares on 7/26/2024Ownership: 0.396%Allspring Global Investments Holdings LLCSold 24,889 shares on 7/26/2024Ownership: 0.207%Liontrust Investment Partners LLPSold 20,000 shares on 7/26/2024Ownership: 0.036%Legato Capital Management LLCSold 10,040 shares on 7/26/2024Ownership: 0.016%RiverPark Advisors LLCBought 5,477 shares on 7/26/2024Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions CRDO Stock Analysis - Frequently Asked Questions How have CRDO shares performed this year? Credo Technology Group's stock was trading at $19.47 at the start of the year. Since then, CRDO shares have increased by 46.8% and is now trading at $28.58. View the best growth stocks for 2024 here. How were Credo Technology Group's earnings last quarter? Credo Technology Group Holding Ltd (NASDAQ:CRDO) posted its quarterly earnings data on Wednesday, May, 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.04. The firm had revenue of $60.78 million for the quarter, compared to the consensus estimate of $60.50 million. Credo Technology Group had a negative net margin of 14.70% and a negative trailing twelve-month return on equity of 4.51%. When did Credo Technology Group IPO? Credo Technology Group (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. Who are Credo Technology Group's major shareholders? Credo Technology Group's top institutional shareholders include Bank of New York Mellon Corp (0.40%), Allspring Global Investments Holdings LLC (0.21%), Swedbank AB (0.21%) and Carnegie Investment Counsel (0.18%). Insiders that own company stock include Chi Fung Cheng, Pantas Sutardja, Yat Tung Lam, Lip Bu Tan, Daniel W Fleming, William Joseph Brennan, William Joseph Brennan and Adam Thorngate-Gottlund. 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 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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