Credo Technology Group (CRDO) Competitors

$18.89
-0.21 (-1.10%)
(As of 05/17/2024 ET)

CRDO vs. INST, MQ, RIOT, ICFI, NPO, INTR, QFIN, CXM, WNS, and EVTC

Should you be buying Credo Technology Group stock or one of its competitors? The main competitors of Credo Technology Group include Instructure (INST), Marqeta (MQ), Riot Platforms (RIOT), ICF International (ICFI), Enpro (NPO), Inter & Co, Inc. (INTR), Qifu Technology (QFIN), Sprinklr (CXM), WNS (WNS), and EVERTEC (EVTC). These companies are all part of the "business services" sector.

Credo Technology Group vs.

Credo Technology Group (NASDAQ:CRDO) and Instructure (NYSE:INST) are both mid-cap business services companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, risk, valuation, community ranking, media sentiment, analyst recommendations, profitability, institutional ownership and earnings.

80.5% of Credo Technology Group shares are owned by institutional investors. Comparatively, 97.1% of Instructure shares are owned by institutional investors. 23.9% of Credo Technology Group shares are owned by insiders. Comparatively, 1.5% of Instructure shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

In the previous week, Credo Technology Group had 2 more articles in the media than Instructure. MarketBeat recorded 10 mentions for Credo Technology Group and 8 mentions for Instructure. Credo Technology Group's average media sentiment score of 0.80 beat Instructure's score of 0.53 indicating that Credo Technology Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Credo Technology Group
6 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Instructure
1 Very Positive mention(s)
3 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Credo Technology Group has higher earnings, but lower revenue than Instructure. Credo Technology Group is trading at a lower price-to-earnings ratio than Instructure, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Credo Technology Group$184.19M16.75-$16.55M-$0.23-82.13
Instructure$530.21M5.58-$34.08M-$0.31-65.38

Instructure received 366 more outperform votes than Credo Technology Group when rated by MarketBeat users. Likewise, 69.11% of users gave Instructure an outperform vote while only 54.55% of users gave Credo Technology Group an outperform vote.

CompanyUnderperformOutperform
Credo Technology GroupOutperform Votes
30
54.55%
Underperform Votes
25
45.45%
InstructureOutperform Votes
396
69.11%
Underperform Votes
177
30.89%

Instructure has a net margin of -7.78% compared to Credo Technology Group's net margin of -20.59%. Instructure's return on equity of 7.29% beat Credo Technology Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Credo Technology Group-20.59% -7.82% -6.89%
Instructure -7.78%7.29%4.00%

Credo Technology Group has a beta of 2.03, suggesting that its share price is 103% more volatile than the S&P 500. Comparatively, Instructure has a beta of 0.52, suggesting that its share price is 48% less volatile than the S&P 500.

Credo Technology Group currently has a consensus price target of $24.25, suggesting a potential upside of 28.37%. Instructure has a consensus price target of $29.67, suggesting a potential upside of 46.36%. Given Instructure's stronger consensus rating and higher probable upside, analysts plainly believe Instructure is more favorable than Credo Technology Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Credo Technology Group
1 Sell rating(s)
1 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.63
Instructure
0 Sell rating(s)
0 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
3.00

Summary

Instructure beats Credo Technology Group on 10 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CRDO and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CRDO vs. The Competition

MetricCredo Technology GroupSemiconductors & related devices IndustryBusiness SectorNASDAQ Exchange
Market Cap$3.08B$46.98B$6.81B$7.96B
Dividend YieldN/A2.07%2.86%3.91%
P/E Ratio-82.1325.2919.1617.36
Price / Sales16.7513.831,094.5878.02
Price / CashN/A24.8428.3031.98
Price / Book8.076.514.854.76
Net Income-$16.55M$921.55M$116.48M$217.17M
7 Day Performance6.84%3.77%1.64%2.90%
1 Month Performance5.00%10.02%4.95%6.57%
1 Year Performance85.38%16.44%8.25%10.17%

Credo Technology Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
INST
Instructure
2.9517 of 5 stars
$19.78
+0.2%
$29.67
+50.0%
-15.3%$2.89B$530.21M-63.801,496Analyst Forecast
News Coverage
MQ
Marqeta
3.2713 of 5 stars
$5.59
-0.4%
$7.43
+33.0%
+27.4%$2.87B$676.17M-15.53771Gap Up
RIOT
Riot Platforms
3.5199 of 5 stars
$9.78
+2.9%
$18.33
+87.4%
-9.1%$2.82B$280.70M11.24534
ICFI
ICF International
2.5118 of 5 stars
$146.50
-0.9%
$162.75
+11.1%
+31.8%$2.75B$1.96B29.789,000Positive News
NPO
Enpro
2.055 of 5 stars
$148.62
+0.4%
$158.00
+6.3%
+51.1%$3.11B$1.06B-1,061.503,500
INTR
Inter & Co, Inc.
2.0178 of 5 stars
$6.00
+6.2%
$5.25
-12.5%
+154.8%$2.61B$1.22B26.093,235News Coverage
QFIN
Qifu Technology
4.7822 of 5 stars
$20.71
-1.3%
$24.73
+19.4%
+32.6%$3.34B$2.29B5.663,121Upcoming Earnings
News Coverage
CXM
Sprinklr
3.9473 of 5 stars
$12.26
+0.7%
$16.90
+37.8%
+3.6%$3.35B$732.36M68.113,869
WNS
WNS
4.0137 of 5 stars
$50.98
+1.0%
$72.44
+42.1%
-25.7%$2.44B$1.32B18.0159,755
EVTC
EVERTEC
1.8519 of 5 stars
$37.67
+1.1%
$41.33
+9.7%
+2.7%$2.43B$694.71M38.055,000Short Interest ↑

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This page (NASDAQ:CRDO) was last updated on 5/19/2024 by MarketBeat.com Staff

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