NASDAQ:CRDO Credo Technology Group (CRDO) Stock Forecast, Price & News $13.61 -0.07 (-0.51%) (As of 02:46 PM ET) Add Compare Share Share Today's Range$13.06▼$13.7550-Day Range$7.35▼$13.7252-Week Range$7.20▼$19.46Volume2.68 million shsAverage Volume2.07 million shsMarket Capitalization$2.02 billionP/E RatioN/ADividend YieldN/APrice Target$13.33 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Credo Technology Group MarketRank™ ForecastAnalyst RatingModerate Buy2.56 Rating ScoreUpside/Downside1.2% Downside$13.33 Price TargetShort InterestHealthy6.83% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.26Based on 10 Articles This WeekInsider TradingSelling Shares$2.89 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.1.57 out of 5 starsBusiness Services Sector302nd out of 347 stocksSemiconductors & Related Devices Industry81st out of 89 stocks 1.3 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 downside of 1.2% from its current price of $13.49.Amount of Analyst CoverageCredo Technology Group has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted6.83% 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 12.26%, indicating that investor sentiment is improving 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 2.9 News and Social Media Coverage News SentimentCredo Technology Group has a news sentiment score of 0.26. 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 0.63 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Credo Technology Group this week, compared to 2 articles on an average week.Search Interest7 people have searched for CRDO on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.MarketBeat Follows1 people have added Credo Technology Group to their MarketBeat watchlist in the last 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 $2,886,791.00 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 -337.25, 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 -337.25, 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 5.84. 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 HeadlinesMay 30, 2023 | seekingalpha.comCredo Technology: The Moment Of Truth Draws NearMay 30, 2023 | msn.comEarnings Preview: Credo Technology GroupMay 31, 2023 | Edge On The Street (Ad)146 Pounds of Graphite Needed for Each EVGraphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.May 29, 2023 | americanbankingnews.comCredo Technology Group (CRDO) Set to Announce Quarterly Earnings on WednesdayMay 28, 2023 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Receives $13.33 Consensus Target Price from AnalystsMay 26, 2023 | finance.yahoo.comStrength Seen in Credo Technology Group Holding Ltd. (CRDO): Can Its 9.6% Jump Turn into More Strength?May 18, 2023 | finance.yahoo.comAre Investors Undervaluing Credo Technology Group Holding Ltd (NASDAQ:CRDO) By 49%?May 15, 2023 | finance.yahoo.comCredo Schedules Fourth Quarter and Fiscal Year 2023 Financial Results Conference CallMay 31, 2023 | Edge On The Street (Ad)146 Pounds of Graphite Needed for Each EVGraphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.May 5, 2023 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Given Average Rating of "Moderate Buy" by BrokeragesApril 18, 2023 | finance.yahoo.comShareholders Should Be Pleased With Credo Technology Group Holding Ltd's (NASDAQ:CRDO) PriceApril 14, 2023 | finance.yahoo.comImplied Volatility Surging for Credo Technology (CRDO) Stock OptionsApril 8, 2023 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Receives $13.33 Average Price Target from AnalystsMarch 29, 2023 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Stock Price Up 5.6%March 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 7, 2023 | insidermonkey.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Q3 2023 Earnings Call TranscriptMarch 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 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 InvestigationSee 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 Today5/31/2023Next Earnings (Confirmed)5/31/2023Fiscal 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/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-2.9%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 / Sales19.16 Cash FlowN/A Price / Cash FlowN/A Book Value$2.31 per share Price / Book5.94Miscellaneous Outstanding Shares148,570,000Free Float97,757,000Market Cap$2.04 billion OptionableNot Optionable Beta1.86 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 CompetitorsCricutNASDAQ:CRCTLightspeed CommerceNYSE:LSPDLumen TechnologiesNYSE:LUMNICF InternationalNASDAQ:ICFIRiot PlatformsNASDAQ:RIOTView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 906 shares on 5/26/2023Ownership: 0.008%Chi Fung ChengSold 240,000 sharesTotal: $2.52 M ($10.51/share)Ameriprise Financial Inc.Bought 75,193 shares on 5/22/2023Ownership: 0.269%JPMorgan Chase & Co.Bought 1,547,127 shares on 5/18/2023Ownership: 2.444%New York State Common Retirement FundSold 16,320 shares on 5/18/2023Ownership: 0.034%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 twelve months. 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 Wall Street research analysts have issued 12 month price objectives for Credo Technology Group's shares. Their CRDO share price forecasts range from $11.00 to $16.00. On average, they anticipate the company's share price to reach $13.33 in the next year. This suggests that the stock has a possible downside of 2.9%. 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 at the beginning of the year. Since then, CRDO shares have increased by 3.2% and is now trading at $13.73. View the best growth stocks for 2023 here. Are investors shorting Credo Technology Group? Credo Technology Group saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,370,000 shares, a decline of 12.3% from the April 30th total of 7,260,000 shares. Based on an average trading volume of 1,680,000 shares, the short-interest ratio is presently 3.8 days. Currently, 6.8% of the company's shares are sold short. 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, May 31st 2023. View our CRDO earnings forecast. How can I listen to Credo Technology Group's earnings call? Credo Technology Group will be holding an earnings conference call on Wednesday, May 31st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. 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) and AB Disruptors ETF (FWD).First Trust Multi-Manager Small Cap Opportunities ETF (MMSC). 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. 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 investors include BlackRock Inc. (7.50%), State Street Corp (4.26%), JPMorgan Chase & Co. (2.44%), Schonfeld Strategic Advisors LLC (2.11%), Polar Asset Management Partners Inc. (1.83%) and Geode Capital Management LLC (1.22%). 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 $13.73. How much money does Credo Technology Group make? Credo Technology Group (NASDAQ:CRDO) has a market capitalization of $2.04 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. This page (NASDAQ:CRDO) was last updated on 5/31/2023 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. 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