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NASDAQ:CRDO

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

Credo Technology Group logo
$37.70
-2.43 (-6.06%)
(As of 10/31/2024 ET)

About Credo Technology Group Stock (NASDAQ:CRDO)

Key Stats

Today's Range
$36.91
$39.76
50-Day Range
$24.26
$41.70
52-Week Range
$13.53
$41.92
Volume
3.30 million shs
Average Volume
2.23 million shs
Market Capitalization
$6.26 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.56
Consensus Rating
Moderate Buy

Company Overview

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, 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, as well as integrated circuits, active electrical cables. 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 based in Grand Cayman, Cayman Islands.

Credo Technology Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
59th Percentile Overall Score

CRDO MarketRank™: 

Credo Technology Group scored higher than 59% of companies evaluated by MarketBeat, and ranked 370th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Credo Technology Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 7 buy ratings, no hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Credo Technology Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Credo Technology Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Credo Technology Group are expected to grow in the coming year, from ($0.02) to $0.37 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Credo Technology Group is -235.81, 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. Sector

    The P/E ratio of Credo Technology Group is -235.81, 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 Ratio

    Credo Technology Group has a P/B Ratio of 11.40. 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.
  • Percentage of Shares Shorted

    5.20% of the float of Credo Technology Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Credo Technology Group has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Credo Technology Group has recently decreased by 6.85%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Credo Technology Group does not currently pay a dividend.

  • Dividend Growth

    Credo Technology Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    5.20% of the float of Credo Technology Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Credo Technology Group has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Credo Technology Group has recently decreased by 6.85%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Credo Technology Group has a news sentiment score of 1.13. 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 higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Credo Technology Group this week, compared to 6 articles on an average week.
  • Search Interest

    Only 15 people have searched for CRDO on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
  • MarketBeat Follows

    21 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is an increase of 163% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $45,913,586.00 in company stock.

  • Percentage Held by Insiders

    16.04% 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 Institutions

    80.46% 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.
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CRDO Stock News Headlines

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CRDO Stock Analysis - Frequently Asked Questions

Credo Technology Group's stock was trading at $19.47 on January 1st, 2024. Since then, CRDO shares have increased by 93.8% and is now trading at $37.73.
View the best growth stocks for 2024 here
.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) posted its earnings results on Wednesday, September, 4th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.03. The company had revenue of $59.71 million for the quarter, compared to analyst estimates of $59.50 million. Credo Technology Group had a negative net margin of 12.05% and a negative trailing twelve-month return on equity of 3.74%.

Credo Technology Group (CRDO) raised $220 million in an initial public offering on Thursday, January 27th 2022. The company issued 20,000,000 shares at $10.00-$12.00 per share.

Credo Technology Group's top institutional investors include Swedbank AB (2.00%), Emerald Advisers LLC (0.96%), Emerald Mutual Fund Advisers Trust (0.72%) and Carnegie Investment Counsel (0.19%). Insiders that own company stock include Chi Fung Cheng, Pantas Sutardja, Yat Tung Lam, William Joseph Brennan, William Joseph Brennan, Lip Bu Tan, Daniel W Fleming, James Laufman and Adam Thorngate-Gottlund.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Credo Technology Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Palo Alto Networks (PANW), Netflix (NFLX) and Adobe (ADBE).

Company Calendar

Last Earnings
9/04/2024
Today
10/31/2024
Next Earnings (Estimated)
12/04/2024
Fiscal Year End
4/30/2025

Industry, Sector and Symbol

Industry
Semiconductors
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:CRDO
Fax
N/A
Employees
500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$36.56
High Stock Price Target
$45.00
Low Stock Price Target
$27.00
Potential Upside/Downside
-7.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$-28,370,000.00
Pretax Margin
-8.93%

Debt

Sales & Book Value

Annual Sales
$217.59 million
Book Value
$3.31 per share

Miscellaneous

Free Float
139,427,000
Market Cap
$6.54 billion
Optionable
Optionable
Beta
2.24
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This page (NASDAQ:CRDO) was last updated on 10/31/2024 by MarketBeat.com Staff
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