NASDAQ:CRDO Credo Technology Group - CRDO Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $8.20 +0.03 (+0.37%) (As of 03/20/2023 05:17 PM ET) Add Compare Share Share Today's Range$7.91▼$8.2550-Day Range$8.17▼$19.3652-Week Range$7.84▼$19.46Volume2.38 million shsAverage Volume2.55 million shsMarket Capitalization$1.21 billionP/E RatioN/ADividend YieldN/APrice Target$13.33 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Credo Technology Group MarketRank™ ForecastAnalyst RatingModerate Buy2.56 Rating ScoreUpside/Downside62.6% Upside$13.33 Price TargetShort InterestBearish9.32% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.21Based on 4 Articles This WeekInsider TradingSelling Shares$6.08 M Sold Last QuarterProj. Earnings GrowthDecreasingFrom ($0.06) to ($0.09) 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.2.11 out of 5 starsBusiness Services Sector181st out of 317 stocksSemiconductors & Related Devices Industry54th out of 86 stocks 4.3 Analyst's Opinion Consensus RatingCredo Technology Group has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 6 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.33, Credo Technology Group has a forecasted upside of 62.6% from its current price of $8.20.Amount of Analyst CoverageCredo Technology Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.32% 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 3.16%, indicating that investor sentiment is decreasing. 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 0.21. 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 0.37 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Credo Technology Group this week, compared to 2 articles on an average week.Search InterestOnly 25 people have searched for CRDO on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 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 -50% 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 $6,078,300.00 in company stock.Percentage Held by Insiders34.20% 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 Institutions40.46% 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. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Credo Technology Group are expected to decrease in the coming year, from ($0.06) to ($0.09) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credo Technology Group is -205.00, 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 -205.00, 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 3.42. 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 connectivity 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 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 Stock News HeadlinesMarch 18, 2023 | seekingalpha.comCRDO Credo Technology Group Holding LtdMarch 14, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd's (NASDAQ:CRDO) recent 12% pullback adds to one-year year losses, institutional owners may take drastic measuresMarch 20, 2023 | Weiss Ratings (Ad)Banking NightmareDuring and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …March 14, 2023 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Receives $13.33 Average Target Price from AnalystsMarch 6, 2023 | finance.yahoo.comCredo and EFFECT Photonics Announce Collaboration on High-Performance, Ultralow Power Coherent DSP SolutionsMarch 2, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Salesforce (CRM) and Credo Technology Group Holding Ltd (CRDO)March 2, 2023 | finance.yahoo.comQ3 2023 Credo Technology Group Holding Ltd Earnings CallMarch 1, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2023 Financial ResultsMarch 20, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 1, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2023 Financial ResultsMarch 1, 2023 | finance.yahoo.comCredo Technology Group Holding Ltd. (CRDO) Tops Q3 Earnings and Revenue EstimatesFebruary 28, 2023 | msn.comEarnings Outlook For Credo Technology GroupFebruary 23, 2023 | finance.yahoo.comCredo to Present at 35th Annual Roth ConferenceFebruary 22, 2023 | benzinga.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credo Technology Group Holding Ltd. - CRDOFebruary 22, 2023 | technews.tmcnet.comBronstein, Gewirtz & Grossman, LLC Notifies Credo Technology Group Holding Ltd. (CRDO) Investors of InvestigationFebruary 17, 2023 | benzinga.comCredo Technology: Kaplan Fox Investigates CredoFebruary 16, 2023 | finance.yahoo.comLive to Trade Another Day: 5 Risk Management Ideas to ConsiderFebruary 16, 2023 | finance.yahoo.comCredo Schedules Third Quarter Fiscal Year 2023 Financial Results Conference CallFebruary 16, 2023 | finance.yahoo.comCredo stock loses nearly half its value after largest customer cuts purchasesFebruary 15, 2023 | benzinga.comSHAREHOLDER ALERT: Investigation of Credo Technology Group Holding Ltd. (CRDO) Announced by Holzer & Holzer, LLCFebruary 15, 2023 | finance.yahoo.comCredo Stock Loses Half Its Value - Why Is It Plunging TodayFebruary 15, 2023 | finance.yahoo.comCredo slumps as top customer of data center cable maker cuts ordersFebruary 15, 2023 | finance.yahoo.comWhy Credo Technology Group Stock Collapsed TodayFebruary 15, 2023 | finance.yahoo.comCredo stock plunges toward record loss after largest customer cuts purchasesFebruary 15, 2023 | finance.yahoo.comCredo stock set for record selloff the day after a record close after largest customer cuts demandFebruary 10, 2023 | finance.yahoo.comInvestors in Credo Technology Group Holding (NASDAQ:CRDO) have made a return of 20% over the past yearJanuary 3, 2023 | finance.yahoo.comCredo to Present at 25th Annual Needham Growth ConferenceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Today3/20/2023Fiscal Year End4/30/2023Next Earnings (Estimated)6/07/2023Get 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/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price Forecast$13.33 High Stock Price Forecast$16.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+65.6%Consensus RatingModerate Buy Rating Score (0-4)2.56 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.04) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-22,180,000.00 Net Margins-3.15% Pretax Margin-5.13% Return on Equity2.80% Return on Assets2.38% Debt Debt-to-Equity RatioN/A Current Ratio8.07 Quick Ratio6.91 Sales & Book Value Annual Sales$106.48 million Price / Sales11.19 Cash FlowN/A Price / Cash FlowN/A Book Value$2.40 per share Price / Book3.35Miscellaneous Outstanding Shares147,990,000Free Float97,376,000Market Cap$1.19 billion OptionableNot Optionable Beta2.08 Key ExecutivesMr. William J. Brennan (Age 59)Pres, CEO & Director Comp: $525.62kMr. Chi Fung Cheng (Age 54)Co-founder, CTO & Director Mr. Yat Tung Lam (Age 56)Co-founder, COO & Director Comp: $262.5kMr. Daniel Fleming (Age 56)Chief Financial Officer Comp: $397.87kMr. Daniel J. O'Neil (Age 52)VP of Corp. Devel. & Investor Relations Mr. Adam Thorngate-Gottlund (Age 41)Gen. Counsel & Sec. Mr. Michael Girvan LampeVP of Worldwide SalesMr. Scott FellerVP of MarketingMore ExecutivesKey CompetitorsKforceNASDAQ:KFRCADTRANNASDAQ:ADTNEcovystNYSE:ECVTBrookfield Business PartnersNYSE:BBUV2XNYSE:VVXView All CompetitorsInsiders & InstitutionsWilliam Joseph BrennanSold 24,446 sharesTotal: $243,237.70 ($9.95/share)Chi Fung ChengSold 6,250 sharesTotal: $65,125.00 ($10.42/share)Yat Tung LamSold 2,590 sharesTotal: $26,987.80 ($10.42/share)Daniel W FlemingSold 1,491 sharesTotal: $15,536.22 ($10.42/share)Adam Thorngate-GottlundSold 1,296 sharesTotal: $13,504.32 ($10.42/share)View All Insider TransactionsView All Institutional Transactions CRDO Stock - Frequently Asked Questions Should I buy or sell Credo Technology Group stock right now? 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRDO shares. View CRDO analyst ratings or view top-rated stocks. What is Credo Technology Group's stock price forecast for 2023? 9 brokers have issued 12-month target prices for Credo Technology Group's stock. Their CRDO share price forecasts range from $11.00 to $16.00. On average, they predict the company's share price to reach $13.33 in the next year. This suggests a possible upside of 63.6% 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 stock has decreased by 38.8% and is now trading at $8.15. View the best growth stocks for 2023 here. When is Credo Technology Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023. View our CRDO earnings forecast. 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), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and First Trust US Equity Opportunities ETF (FPX).AAM Transformers ETF (TRFM). What guidance has Credo Technology Group issued on next quarter's earnings? Credo Technology Group issued an update on its fourth quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $30.00 million-$32.00 million, compared to the consensus revenue estimate of $55.09 million. When did Credo Technology Group IPO? (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. What is Credo Technology Group's stock symbol? Credo Technology Group trades on the NASDAQ under the ticker symbol "CRDO." Who are Credo Technology Group's major shareholders? Credo Technology Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Point72 Asset Management L.P. (2.60%), Mass Ave Global Inc. (1.88%), T. Rowe Price Investment Management Inc. (1.72%), JPMorgan Chase & Co. (1.42%), Summit Partners Public Asset Management LLC (1.25%) and Geode Capital Management LLC (1.18%). Insiders that own company stock include Adam Thorngate-Gottlund, Chi Fung Cheng, Daniel W Fleming, Lip Bu Tan, 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. What is Credo Technology Group's stock price today? One share of CRDO stock can currently be purchased for approximately $8.15. How much money does Credo Technology Group make? Credo Technology Group (NASDAQ:CRDO) has a market capitalization of $1.21 billion and generates $106.48 million in revenue each year. The company earns $-22,180,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis. 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. 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