NASDAQ:CRDO Credo Technology Group (CRDO) Stock Price, News & Analysis → $9 AI Model with 90% Win Rate? (From Trade Machine) (Ad) Free CRDO Stock Alerts $29.08 +0.58 (+2.04%) (As of 06/12/2024 ET) Add Compare Share Share Today's Range$28.83▼$29.6050-Day Range$16.92▼$28.5752-Week Range$13.38▼$29.89Volume1.86 million shsAverage Volume2.21 million shsMarket Capitalization$4.75 billionP/E RatioN/ADividend YieldN/APrice Target$26.88 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Credo Technology Group alerts: Email Address Credo Technology Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside7.6% Downside$26.88 Price TargetShort InterestHealthy8.28% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.66Based on 12 Articles This WeekInsider TradingSelling Shares$17.83 M Sold Last QuarterProj. Earnings Growth471.43%From $0.07 to $0.40 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.78 out of 5 starsBusiness Services Sector212th out of 305 stocksSemiconductors & Related Devices Industry66th out of 87 stocks 1.3 Analyst's Opinion Consensus RatingCredo Technology Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 6 buy ratings, 1 hold rating, and 1 sell rating.Amount of Analyst CoverageCredo Technology Group has only been the subject of 4 research reports in the past 90 days.Read more about Credo Technology Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted8.28% 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.Change versus previous monthShort interest in Credo Technology Group has recently decreased by 11.27%, 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 3.1 News and Social Media Coverage News SentimentCredo Technology Group has a news sentiment score of 0.66. 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 0.99 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Credo Technology Group this week, compared to 4 articles on an average week.Search Interest19 people have searched for CRDO on MarketBeat in the last 30 days. This is an increase of 280% compared to the previous 30 days.MarketBeat Follows9 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. Previous Next 4.2 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 $17,830,786.00 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 Institutions80.46% 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.Read more about Credo Technology Group's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Credo Technology Group are expected to grow by 471.43% in the coming year, from $0.07 to $0.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credo Technology Group is -161.56, 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 -161.56, 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 12.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Credo Technology Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Trade MachinePotentially Pocket $767/Day with AIWhat if I told you it could take just $9… To win 90% of your options trades?Click here to see this revolutionary AI model in action… 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 HeadlinesJune 12 at 4:18 AM | insidertrades.comWilliam Joseph Brennan Sells 49,368 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockJune 4, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CFO Daniel W. Fleming Sells 20,000 SharesMay 24, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Chi Fung Cheng Sells 55,000 SharesMay 21, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CEO Sells $283,050.00 in StockMay 15, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) COO Sells $175,000.00 in StockMay 15, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Sells $958,650.00 in StockJune 8, 2024 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Hits New 1-Year High at $26.58June 6, 2024 | americanbankingnews.comAnalysts Set Credo Technology Group Holding Ltd (NASDAQ:CRDO) Target Price at $26.88June 5, 2024 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Trading Down 4.9% Following Insider SellingJune 2, 2024 | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Hits New 12-Month High After Analyst UpgradeMay 29, 2024 | investorplace.comCRDO Stock Earnings: Credo Technology Group Beats EPS, Beats Revenue for Q4 2024May 29, 2024 | finance.yahoo.comCredo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2024 Financial ResultsMay 29, 2024 | globenewswire.comCredo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2024 Financial ResultsMay 28, 2024 | msn.comCredo Technology Q4 2024 Earnings PreviewMay 28, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Infineon Technologies AG (OtherIFNNF), Marvell (MRVL) and Credo Technology Group Holding Ltd (CRDO)May 21, 2024 | finance.yahoo.comCredo to Present at Stifel 2024 Cross Sector Insight ConferenceMay 16, 2024 | finance.yahoo.comExploring Three Growth Companies With Significant Insider OwnershipMay 8, 2024 | globenewswire.comCredo Schedules Fourth Quarter and Fiscal Year 2024 Financial Results Conference CallMay 8, 2024 | finance.yahoo.comSpeculative Standouts: 7 ‘Strong Buy’ Stocks to Snag for Under $20April 30, 2024 | investorplace.comSpeculative Standouts: 7 ‘Strong Buy' Stocks to Snag for Under $20April 25, 2024 | investing.comCredo Technology CTO sells shares worth over $950kApril 23, 2024 | businesswire.comCredo at TSMC 2024 North America Technology SymposiumApril 20, 2024 | investing.comCredo Technology CEO sells shares worth over $559kApril 17, 2024 | investing.comCredo Technology COO sells over $1.9 million in company stockApril 17, 2024 | nasdaq.comValidea Detailed Fundamental Analysis - CRDOSee 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 Earnings2/27/2024Today6/12/2024Next Earnings (Estimated)8/22/2024Fiscal Year End4/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:CRDO CUSIPN/A CIK1807794 Webwww.credosemi.com Phone408-664-9329FaxN/AEmployees438Year FoundedN/APrice Target and Rating Average Stock Price Target$26.88 High Stock Price Target$30.00 Low Stock Price Target$22.00 Potential Upside/Downside-7.6%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($0.18) Trailing P/E RatioN/A Forward P/E Ratio415.43 P/E GrowthN/ANet Income$-28,370,000.00 Net Margins-14.70% Pretax Margin-21.13% Return on Equity-4.87% Return on Assets-4.30% Debt Debt-to-Equity RatioN/A Current Ratio12.72 Quick Ratio11.94 Sales & Book Value Annual Sales$192.97 million Price / Sales24.61 Cash FlowN/A Price / Cash FlowN/A Book Value$2.34 per share Price / Book12.43Miscellaneous Outstanding Shares163,290,000Free Float124,281,000Market Cap$4.75 billion OptionableOptionable Beta2.20 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. William J. Brennan (Age 60)President, CEO & Director Comp: $857.5kMr. Chi Fung Cheng (Age 55)Co-founder, CTO & Director Comp: $535.21kMr. Yat Tung Lam (Age 57)Co-founder, COO & Director Comp: $458.75kMr. Daniel Fleming (Age 57)Chief Financial Officer Comp: $589.02kMr. Daniel J. O'Neil (Age 53)Vice President of Corporate Development & Investor Relations Ms. Katherine E. Schuelke (Age 61)Chief Legal Officer & Corporate Secretary Mr. Michael Girvan LampeVice President of Worldwide Sales & MarketingHon. Sherrill DaleVice President of Human ResourcesMore ExecutivesKey CompetitorsEnphase EnergyNASDAQ:ENPHSkyworks SolutionsNASDAQ:SWKSAstera LabsNASDAQ:ALABQorvoNASDAQ:QRVOLattice SemiconductorNASDAQ:LSCCView All CompetitorsInsiders & InstitutionsWilliam Joseph BrennanSold 49,368 sharesTotal: $1.27 M ($25.78/share)Daniel W FlemingSold 20,000 sharesTotal: $503,000.00 ($25.15/share)Chi Fung ChengSold 55,000 sharesTotal: $1.05 M ($19.07/share)Castleark Management LLCBought 182,910 shares on 5/17/2024Ownership: 0.112%Walleye Trading LLCSold 11,800 shares on 5/17/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions CRDO Stock Analysis - Frequently Asked Questions Should I buy or sell Credo Technology Group stock right now? 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities 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? 8 brokerages have issued 12 month price targets for Credo Technology Group's stock. Their CRDO share price targets range from $22.00 to $30.00. On average, they anticipate the company's stock price to reach $26.88 in the next year. This suggests that the stock has a possible downside of 7.6%. View analysts price targets for CRDO or view top-rated stocks among Wall Street analysts. How have CRDO shares performed in 2024? Credo Technology Group's stock was trading at $19.47 at the start of the year. Since then, CRDO stock has increased by 49.4% and is now trading at $29.08. View the best growth stocks for 2024 here. Are investors shorting Credo Technology Group? Credo Technology Group saw a decline in short interest in the month of May. As of May 31st, there was short interest totaling 10,550,000 shares, a decline of 11.3% from the May 15th total of 11,890,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is presently 5.0 days. Currently, 8.3% 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 Thursday, August 22nd 2024. View our CRDO earnings forecast. How were Credo Technology Group's earnings last quarter? Credo Technology Group Holding Ltd (NASDAQ:CRDO) released its earnings results on Tuesday, February, 27th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business earned $53.06 million during the quarter, compared to the consensus estimate of $51.91 million. Credo Technology Group had a negative trailing twelve-month return on equity of 4.87% and a negative net margin of 14.70%. The firm's revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $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), Invesco Semiconductors ETF (PSI), Invesco Dorsey Wright Technology Momentum ETF (PTF), JPMorgan U.S. Tech Leaders ETF (JTEK), Defiance Next Gen Connectivity ETF (FIVG) and BlackRock Future Tech ETF (BTEK).iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) and What guidance has Credo Technology Group issued on next quarter's earnings? Credo Technology Group updated its first quarter 2025 earnings guidance on Wednesday, May, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $58.0 million-$61.0 million, compared to the consensus revenue estimate of $58.4 million. When did Credo Technology Group IPO? Credo Technology Group (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 Vanguard Group Inc. (9.23%), Capital Research Global Investors (3.38%), Jennison Associates LLC (1.45%), AMF Tjanstepension AB (1.05%), Principal Financial Group Inc. (1.00%) and Healthcare of Ontario Pension Plan Trust Fund (0.73%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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