Credo Technology Group Stock Price, News & Analysis (NASDAQ:CRDO) $17.90 -0.80 (-4.28%) (As of 09:09 AM ET) Add Compare Share Share Today's Range$17.90▼$17.9050-Day Range$13.60▼$19.3352-Week Range$7.20▼$19.46Volume126,584 shsAverage Volume2.04 million shsMarket Capitalization$2.70 billionP/E RatioN/ADividend YieldN/APrice Target$17.92 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Credo Technology Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.58 Rating ScoreUpside/Downside0.1% Upside$17.92 Price TargetShort InterestBearish7.81% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.39Based on 29 Articles This WeekInsider TradingSelling Shares$11.84 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.15) to $0.12 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.1.66 out of 5 starsComputer And Technology Sector491st out of 593 stocksCommunication Equipment Industry7th out of 7 stocks 2.3 Analyst's Opinion Consensus RatingCredo Technology Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 8 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.92, Credo Technology Group has a forecasted upside of 0.1% from its current price of $17.90.Amount of Analyst CoverageCredo Technology Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.81% 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 5.5.Change versus previous monthShort interest in Credo Technology Group has recently increased by 7.12%, 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 2.4 News and Social Media Coverage News SentimentCredo Technology Group has a news sentiment score of 0.39. 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 WeekMarketBeat has tracked 29 news articles for Credo Technology Group this week, compared to 3 articles on an average week.Search Interest6 people have searched for CRDO on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% 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 $11,840,230.00 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 $0.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credo Technology Group is -85.24, 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 -85.24, 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 7.65. 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 Stock (NASDAQ:CRDO)Credo 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 Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRDO Stock News HeadlinesDecember 6, 2023 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) vs. TranSwitch (OTCMKTS:TXCCQ) Critical AnalysisDecember 5, 2023 | finance.yahoo.comCredo announces launch of public offeringDecember 6, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comDecember 5, 2023 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Shares Down 4.1% Following Insider SellingDecember 3, 2023 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) COO Yat Tung Lam Sells 390,000 SharesDecember 2, 2023 | americanbankingnews.comThe Goldman Sachs Group Increases Credo Technology Group (NASDAQ:CRDO) Price Target to $23.00December 2, 2023 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) PT Raised to $21.00 at MizuhoDecember 2, 2023 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) PT Raised to $24.00December 6, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comDecember 1, 2023 | markets.businessinsider.comCredo Technology Group: Strong Market Position but Overvalued Stock with Rising Competitive RisksDecember 1, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Q2 2024 Earnings Call TranscriptDecember 1, 2023 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Given New $20.00 Price Target at TD CowenDecember 1, 2023 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Price Target Raised to $24.00 at Needham & Company LLCDecember 1, 2023 | markets.businessinsider.comAnalysts’ Top Technology Picks: Credo Technology Group Holding Ltd (CRDO), Nutanix (NTNX)December 1, 2023 | markets.businessinsider.comStifel Nicolaus Keeps Their Buy Rating on Credo Technology Group Holding Ltd (CRDO)November 30, 2023 | markets.businessinsider.comSteady Performance with Cautious Outlook: Credo Technology Group Maintains Hold RatingNovember 30, 2023 | finance.yahoo.comCredo to Present at Barclays Global Technology ConferenceNovember 29, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2024 Financial ResultsNovember 29, 2023 | finance.yahoo.comCredo Introduces World’s First 800G DSP for Linear Receive Optics, Targeting Hyperscale and AI Data CentersNovember 29, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd (CRDO) Reports Revenue Growth and Narrowed Net Loss in Q2 FY2024November 28, 2023 | markets.businessinsider.comHere's what to expect from Credo Technology Group's earningsNovember 28, 2023 | finance.yahoo.comCredo Releases Environmental, Social and Governance (ESG) Report for 2023November 27, 2023 | americanbankingnews.comCredo Technology Group (CRDO) to Release Earnings on WednesdayNovember 24, 2023 | finance.yahoo.comIs There An Opportunity With Credo Technology Group Holding Ltd's (NASDAQ:CRDO) 49% Undervaluation?November 24, 2023 | benzinga.comCredo Technology Group Stock (NASDAQ:CRDO) Dividends: History, Yield and DatesNovember 23, 2023 | seekingalpha.comCredo Technology: Expectations May Be Too High From Upcoming Q2 ReportNovember 8, 2023 | finance.yahoo.comCredo Schedules Second Quarter Fiscal Year 2024 Financial Results Conference CallSee 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 Earnings11/29/2023Today12/06/2023Next Earnings (Estimated)3/06/2024Fiscal Year End4/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Communication Equipment Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:CRDO CUSIPN/A CIK1807794 Webwww.credosemi.com Phone408-664-9329FaxN/AEmployees438Year FoundedN/APrice Target and Rating Average Stock Price Target$17.92 High Stock Price Target$24.00 Low Stock Price Target$11.00 Potential Upside/Downside-4.2%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)($0.21) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-16,550,000.00 Net Margins-19.00% Pretax Margin-20.21% Return on Equity-7.98% Return on Assets-6.91% Debt Debt-to-Equity RatioN/A Current Ratio8.82 Quick Ratio7.86 Sales & Book Value Annual Sales$165.49 million Price / Sales17.02 Cash FlowN/A Price / Cash FlowN/A Book Value$2.34 per share Price / Book7.99Miscellaneous Outstanding Shares150,659,000Free Float114,667,000Market Cap$2.82 billion OptionableNot Optionable Beta2.09 The Best High-Yield Dividend Stocks for 2023Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. William J. Brennan (Age 59)President, 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)General Counsel & Secretary Comp: $432.25kMr. Daniel J. O'Neil (Age 52)Vice President of Corporate Development & Investor Relations Mr. Michael Girvan LampeVice President of Worldwide SalesMr. Scott FellerVice President of MarketingMore ExecutivesKey CompetitorsCienaNYSE:CIENKulicke and Soffa IndustriesNASDAQ:KLICRingCentralNYSE:RNGZiff DavisNASDAQ:ZDFormFactorNASDAQ:FORMView All CompetitorsInsiders & InstitutionsPantas SutardjaSold 3,750 sharesTotal: $68,325.00 ($18.22/share)Chi Fung ChengSold 6,250 sharesTotal: $113,875.00 ($18.22/share)Yat Tung LamSold 390,000 sharesTotal: $6.98 M ($17.91/share)American Century Companies Inc.Bought 537,143 shares on 11/30/2023Ownership: 0.882%Deutsche Bank AGBought 6,043 shares on 11/24/2023Ownership: 0.034%View All Insider TransactionsView All Institutional Transactions CRDO Stock Analysis - Frequently Asked Questions Should I buy or sell Credo Technology Group stock right now? 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. View CRDO analyst ratings or view top-rated stocks. What is Credo Technology Group's stock price target for 2024? 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. 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 34.5% and is now trading at $17.90. View the best growth stocks for 2023 here. Are investors shorting Credo Technology Group? 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. 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, March 6th 2024. View our CRDO earnings forecast. How were Credo Technology Group's earnings last quarter? 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. 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). When did Credo Technology Group IPO? (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 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. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NASDAQ:CRDO) was last updated on 12/6/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.