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Credo Technology Group Stock Price, News & Analysis (NASDAQ:CRDO)

$18.70
-0.49 (-2.55%)
(As of 12/5/2023 ET)
Compare
Today's Range
$17.38
$18.96
50-Day Range
$13.60
$19.33
52-Week Range
$7.20
$19.46
Volume
1.45 million shs
Average Volume
2.05 million shs
Market Capitalization
$2.82 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.92

Credo Technology Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
4.2% Downside
$17.92 Price Target
Short Interest
Bearish
7.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Credo Technology Group in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$11.84 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.15) to $0.12 Per Share

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 stars

Computer And Technology Sector

490th out of 591 stocks

Communication Equipment Industry

7th out of 7 stocks


CRDO stock logo

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.

CRDO Stock Price History

CRDO Stock News Headlines

Credo announces launch of public offering
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Credo Technology Group (NASDAQ:CRDO) PT Raised to $21.00 at Mizuho
Credo Technology Group (NASDAQ:CRDO) PT Raised to $24.00
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
Credo to Present at Barclays Global Technology Conference
Here's what to expect from Credo Technology Group's earnings
Credo Technology Group (CRDO) to Release Earnings on Wednesday
See More Headlines
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Company Calendar

Last Earnings
11/29/2023
Today
12/05/2023
Next Earnings (Estimated)
3/06/2024
Fiscal Year End
4/30/2024

Industry, Sector and Symbol

Industry
Communication Equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:CRDO
Fax
N/A
Employees
438
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.92
High Stock Price Target
$24.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-3.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$-16,550,000.00
Pretax Margin
-20.21%

Debt

Sales & Book Value

Annual Sales
$184.19 million
Book Value
$2.34 per share

Miscellaneous

Free Float
114,667,000
Market Cap
$2.79 billion
Optionable
Not Optionable
Beta
2.09
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CRDO Stock Analysis - Frequently Asked Questions

Should I buy or sell Credo Technology Group stock right now?

12 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, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

12 Wall Street 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 predict the company's share price to reach $17.92 in the next year. This suggests that the stock has a possible downside of 4.2%.
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 start of the year. Since then, CRDO stock has increased by 40.5% and is now trading at $18.70.
View the best growth stocks for 2023 here
.

Are investors shorting Credo Technology Group?

Credo Technology Group saw a increase in short interest in the month of 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 short-interest ratio is currently 5.5 days. Approximately 7.8% of the company's shares 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) released its quarterly earnings data on Wednesday, November, 29th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.05. The company had revenue of $44.04 million for the quarter, compared to analysts' expectations of $42.66 million. Credo Technology Group had a negative net margin of 19.00% and a negative trailing twelve-month return on equity of 7.98%. The firm's quarterly revenue was down 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.02 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).

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 a price of $10.00-$12.00 per share.

Who are Credo Technology Group's major shareholders?

Credo Technology Group's stock is owned by many different institutional and retail investors. Top institutional shareholders 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 12/5/2023 by MarketBeat.com Staff

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