NASDAQ:CRDO Credo Technology Group (CRDO) Stock Price, News & Analysis → Shocking $16T Elon Musk Crypto Leak (From Crypto 101 Media) (Ad) Free CRDO Stock Alerts $17.68 +0.34 (+1.96%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$17.17▼$17.7250-Day Range$16.92▼$23.0252-Week Range$7.69▼$23.90Volume1.83 million shsAverage Volume1.84 million shsMarket Capitalization$2.89 billionP/E RatioN/ADividend YieldN/APrice Target$24.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Credo Technology Group alerts: Email Address Credo Technology Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside37.2% Upside$24.25 Price TargetShort InterestBearish9.14% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.09Based on 8 Articles This WeekInsider TradingSelling Shares$35.97 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.12) to $0.16 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.3.53 out of 5 starsBusiness Services Sector119th out of 315 stocksSemiconductors & Related Devices Industry41st out of 89 stocks 4.3 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 been the subject of 5 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. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.14% 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 5.6.Change versus previous monthShort interest in Credo Technology Group has recently increased by 7.82%, indicating that investor sentiment is decreasing 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 3.4 News and Social Media Coverage News SentimentCredo Technology Group has a news sentiment score of 1.09. 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 0.57 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Credo Technology Group this week, compared to 4 articles on an average week.Search Interest5 people have searched for CRDO on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 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 $35,965,584.00 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Credo Technology Group are expected to grow in the coming year, from ($0.12) to $0.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credo Technology Group is -76.87, 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 -76.87, 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 7.56. 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. 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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 HeadlinesMay 4, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CEO Sells $257,250.00 in StockApril 24, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Chi Fung Cheng Sells 55,000 SharesMay 12, 2024 | Crypto 101 Media (Ad)The Crypto 9-5 Escape PlanA brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.April 16, 2024 | insidertrades.comYat Tung Lam Sells 10,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockApril 16, 2024 | insidertrades.comInsider Selling: Credo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Sells 55,000 Shares of StockMay 9, 2024 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Receives Consensus Rating of "Moderate Buy" from BrokeragesMay 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 $20May 12, 2024 | Crypto 101 Media (Ad)The Crypto 9-5 Escape PlanA brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.May 5, 2024 | americanbankingnews.comWilliam Joseph Brennan Sells 15,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockMay 5, 2024 | americanbankingnews.comChi Fung Cheng Sells 55,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockApril 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 - CRDOApril 10, 2024 | uk.investing.comCredo Technology CEO sells shares worth over $660kApril 10, 2024 | seekingalpha.comCredo Technology: Positive On Growth Acceleration And Customer Base DiversificationApril 2, 2024 | businesswire.comCredo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of DirectorsMarch 28, 2024 | markets.businessinsider.comStifel Nicolaus Reaffirms Their Buy Rating on Credo Technology Group Holding Ltd (CRDO)March 27, 2024 | finance.yahoo.comCredo and Wistron to Demonstrate 800G Linear Receive Optics with 51.2Tbs Switch Platform at OFC 2024March 25, 2024 | finance.yahoo.comAOI and Credo to Showcase 400G and 800G MMF Solutions at OFC 2024March 21, 2024 | finance.yahoo.comCredo to Participate in CEO Panel at Optica Executive Forum at OFC 2024March 20, 2024 | businesswire.comCredo Technology Group to Showcase Latest Optical Solutions at OFC 2024March 19, 2024 | finance.yahoo.comCredo Introduces HiWire AECs to Support 400G AI/ML Backend NetworksMarch 19, 2024 | businesswire.comKeysight Demonstrates First Full Line Rate 1.6 Terabit Ethernet Test CapabilitySee 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 Earnings2/27/2024Today5/12/2024Next Earnings (Confirmed)5/29/2024Fiscal 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$24.25 High Stock Price Target$30.00 Low Stock Price Target$16.00 Potential Upside/Downside+37.2%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($0.23) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-16,550,000.00 Net Margins-20.59% Pretax Margin-21.13% Return on Equity-7.82% Return on Assets-6.89% Debt Debt-to-Equity RatioN/A Current Ratio12.72 Quick Ratio11.94 Sales & Book Value Annual Sales$164.28 million Price / Sales17.57 Cash FlowN/A Price / Cash FlowN/A Book Value$2.34 per share Price / Book7.56Miscellaneous Outstanding Shares163,291,000Free Float124,281,000Market Cap$2.89 billion OptionableOptionable Beta2.03 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.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 CompetitorsICF InternationalNASDAQ:ICFIInstructureNYSE:INSTJamfNASDAQ:JAMFRiot PlatformsNASDAQ:RIOTMarqetaNASDAQ:MQView All CompetitorsInsiders & InstitutionsHillsdale Investment Management Inc.Bought 169,700 shares on 5/11/2024Ownership: 0.104%Covestor LtdBought 1,924 shares on 5/11/2024Ownership: 0.001%Vanguard Group Inc.Bought 1,072,301 shares on 5/10/2024Ownership: 9.225%Westfield Capital Management Co. LPBought 842,226 shares on 5/10/2024Ownership: 0.516%Connors Investor Services Inc.Bought 122,292 shares on 5/10/2024Ownership: 0.075%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 equities research analysts have issued 12 month price objectives for Credo Technology Group's shares. Their CRDO share price targets range from $16.00 to $30.00. On average, they expect the company's share price to reach $24.25 in the next twelve months. This suggests a possible upside of 37.2% from the stock's current price. 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 beginning of the year. Since then, CRDO stock has decreased by 9.2% and is now trading at $17.68. View the best growth stocks for 2024 here. When is Credo Technology Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024. 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 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Credo Technology Group's earnings last quarter? Credo Technology Group Holding Ltd (NASDAQ:CRDO) issued its earnings results on Tuesday, February, 27th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $53.06 million for the quarter, compared to the consensus estimate of $51.91 million. Credo Technology Group had a negative trailing twelve-month return on equity of 7.82% and a negative net margin of 20.59%. Credo Technology Group's revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 earnings per share. 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), Defiance Next Gen Connectivity ETF (FIVG), JPMorgan U.S. Tech Leaders ETF (JTEK), 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 issued an update on its fourth quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $59.0 million-$62.0 million, compared to the consensus revenue estimate of $59.8 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.23%), Jennison Associates LLC (1.45%), AMF Tjanstepension AB (1.05%), Principal Financial Group Inc. (1.00%), TimesSquare Capital Management LLC (0.65%) and Westfield Capital Management Co. LP (0.52%). 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. This page (NASDAQ:CRDO) was last updated on 5/12/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldThe ONE AI Stock to own now. (It’s not Nvidia.)Weiss RatingsGold Set to EXPLODE!Gold Safe Exchange[Webinar] A Deep Dive into Options Volatility: Skew & Relative ValueOICHe Is Giving Away BitcoinCrypto Swap Profits 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. 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