NASDAQ:CRDO Credo Technology Group (CRDO) Stock Price, News & Analysis $37.61 +0.62 (+1.68%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Credo Technology Group Stock (NASDAQ:CRDO) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Credo Technology Group alerts:Sign Up Key Stats Today's Range$37.46▼$38.7650-Day Range$24.26▼$38.2652-Week Range$13.38▼$40.37Volume2.26 million shsAverage Volume2.24 million shsMarket Capitalization$6.21 billionP/E RatioN/ADividend YieldN/APrice Target$35.44Consensus RatingModerate Buy Company OverviewCredo 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.Read More… War on Elon Escalates… (Ad)A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.One company holds a near-total monopoly on it. Credo Technology Group Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks46th Percentile Overall ScoreCRDO MarketRank™: Credo Technology Group scored higher than 46% of companies evaluated by MarketBeat, and ranked 461st out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.4 / 5Analyst RatingModerate Buy Consensus RatingCredo 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 CoverageCredo 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 and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings 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 MarketThe P/E ratio of Credo Technology Group is -235.06, 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 -235.06, 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 11.36. 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. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted5.62% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Credo Technology Group has recently increased by 6.73%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldCredo Technology Group does not currently pay a dividend.Dividend GrowthCredo Technology Group does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted5.62% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Credo Technology Group has recently increased by 6.73%, indicating that investor sentiment is decreasing significantly. News and Social Media2.4 / 5News Sentiment0.38 News SentimentCredo Technology Group has a news sentiment score of 0.38. 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 0.59 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 23 news articles for Credo Technology Group this week, compared to 6 articles on an average week.Search InterestOnly 14 people have searched for CRDO on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.MarketBeat Follows20 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Company Ownership4.2 / 5Insider TradingSelling Shares 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 $45,366,886.00 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. 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 CRDO Stock News HeadlinesYat Tung Lam Sells 10,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockOctober 17 at 4:59 AM | insidertrades.comInsider Selling: Credo Technology Group Holding Ltd (NASDAQ:CRDO) COO Sells 10,000 Shares of StockOctober 16 at 4:33 AM | insidertrades.com[Urgent] Starlink Set For The Largest IPO In History?He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it again with Tesla… which is up more than 19,500% since 2010. For perspective, that turns $100 invested into almost $20,000! And now, Elon could be set to do it for the third and final time… with what might be his biggest breakthrough yet. And for the first time ever, you have the rare chance to profit BEFORE the upcoming IPO.October 17, 2024 | Paradigm Press (Ad)Chi Fung Cheng Sells 55,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockOctober 16 at 4:21 AM | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Director Sells $4,397,500.00 in StockOctober 11, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Director Lip Bu Tan Sells 15,281 Shares of StockOctober 16 at 5:13 AM | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Director Lip Bu Tan Sells 100,000 Shares of StockOctober 16 at 4:21 AM | americanbankingnews.comCredo to Showcase Datacenter AI, Compute and CXL with XConn PCIe and CXL Switches at OCP Global Summit 2024October 15 at 1:51 PM | tmcnet.comSee More Headlines CRDO Stock Analysis - Frequently Asked Questions How have CRDO shares performed this year? Credo Technology Group's stock was trading at $19.47 at the beginning of the year. Since then, CRDO shares have increased by 93.2% and is now trading at $37.61. View the best growth stocks for 2024 here. How were Credo Technology Group's earnings last quarter? Credo Technology Group Holding Ltd (NASDAQ:CRDO) issued its quarterly earnings results on Wednesday, September, 4th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by $0.03. The company had revenue of $59.71 million for the quarter, compared to analysts' expectations 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%. When did Credo Technology Group IPO? Credo Technology Group (CRDO) raised $220 million in an 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? Top institutional investors of Credo Technology Group include Swedbank AB (2.00%), Carnegie Investment Counsel (0.19%), Diversified Trust Co (0.02%) and Vontobel Holding Ltd. (0.01%). 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. 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. What other stocks do shareholders of Credo Technology Group own? 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 Earnings9/04/2024Today10/17/2024Next Earnings (Estimated)12/04/2024Fiscal Year End4/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors Sub-IndustryElectronic Equipment Current SymbolNASDAQ:CRDO CUSIPN/A CIK1807794 Webwww.credosemi.com Phone408-664-9329FaxN/AEmployees500Year FoundedN/APrice Target and Rating Average Stock Price Target$35.44 High Stock Price Target$42.00 Low Stock Price Target$27.00 Potential Upside/Downside-5.8%Consensus RatingModerate Buy Rating Score (0-4)2.89 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.18) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-28,370,000.00 Net Margins-12.05% Pretax Margin-8.93% Return on Equity-3.74% Return on Assets-3.30% Debt Debt-to-Equity RatioN/A Current Ratio7.81 Quick Ratio7.36 Sales & Book Value Annual Sales$217.59 million Price / Sales28.55 Cash FlowN/A Price / Cash FlowN/A Book Value$3.31 per share Price / Book11.36Miscellaneous Outstanding Shares165,185,000Free Float139,427,000Market Cap$6.21 billion OptionableOptionable Beta2.24 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report This page (NASDAQ:CRDO) was last updated on 10/17/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredRetire off just one stock ticker?ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT m...Behind the Markets | SponsoredNvidia is Pivoting to Solve Big Tech’s $1 Trillion ProblemTaiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as ...Weiss Ratings | Sponsored Is Starlink Set For The Largest IPO In History?He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. 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