NASDAQ:CRDO Credo Technology Group (CRDO) Stock Price, News & Analysis $28.98 +1.93 (+7.13%) (As of 09/19/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Credo Technology Group alerts: Email Address 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$28.00▼$29.5850-Day Range$24.26▼$36.4552-Week Range$13.38▼$36.80Volume2.88 million shsAverage Volume2.23 million shsMarket Capitalization$4.79 billionP/E RatioN/ADividend YieldN/APrice Target$34.00Consensus RatingModerate Buy Company OverviewCredo 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… Who are Nvidia’s New Silent Partners? (Ad)Nvidia recently became just the third $2 trillion company. But Nvidia can’t do everything by itself.I call these Nvidia’s “Silent Partners.” Credo Technology Group Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 74th PercentileCredo Technology Group scored higher than 74% of companies evaluated by MarketBeat, and ranked 59th out of 344 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.4 / 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 8 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 Valuation0.0 / 5Proj. Earnings GrowthN/A Price to Earnings Ratio vs. the MarketThe P/E ratio of Credo Technology Group is -161.00, 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 -161.00, 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 8.70. 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 Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted5.55% 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 decreased by 10.62%, indicating that investor sentiment is improving 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 Shorted5.55% 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 decreased by 10.62%, indicating that investor sentiment is improving significantly. News and Social Media3.3 / 5News Sentiment0.96 News SentimentCredo Technology Group has a news sentiment score of 0.96. 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 0.49 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 23 news articles for Credo Technology Group this week, compared to 5 articles on an average week.Search Interest28 people have searched for CRDO on MarketBeat in the last 30 days. This is an increase of 180% compared to the previous 30 days.MarketBeat FollowsOnly 10 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -9% 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 $31,033,447.00 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 HeadlinesCredo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Chi Fung Cheng Sells 55,000 SharesSeptember 18 at 5:22 AM | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) COO Yat Tung Lam Sells 10,000 SharesSeptember 17 at 4:53 AM | insidertrades.comHave you heard of this 5-Day Challenge yet?You'll be interested in our 5-Day Options Trading Challenge, starting September 23. So, what makes this different from every other options research you may have seen? Well, for starters... most of them want you to first BUY their service... which is usually thousands of dollars...September 19, 2024 | InvestorPlace (Ad)Yat Tung Lam Sells 10,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockSeptember 17 at 4:30 AM | insidertrades.comWilliam Joseph Brennan Sells 143,880 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockSeptember 12, 2024 | insidertrades.comCredo Technology Group (NASDAQ:CRDO) Trading Up 5.6%September 19 at 4:04 PM | americanbankingnews.comCredo Technology Group (NASDAQ:CRDO) Upgraded at TD CowenSeptember 19 at 2:07 AM | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Sees Significant Decline in Short InterestSeptember 18 at 6:17 PM | americanbankingnews.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 48.8% and is now trading at $28.98. View the best growth stocks for 2024 here. How were Credo Technology Group's earnings last quarter? Credo Technology Group Holding Ltd (NASDAQ:CRDO) announced its quarterly earnings data on Tuesday, February, 27th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The company's quarterly revenue was down 2.2% on a year-over-year basis. When did Credo Technology Group IPO? 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 a price of $10.00-$12.00 per share. Who are Credo Technology Group's major shareholders? Credo Technology Group's top institutional investors include Driehaus Capital Management LLC (2.30%), D. E. Shaw & Co. Inc. (1.47%), American Century Companies Inc. (1.30%) and Dimensional Fund Advisors LP (1.28%). Insiders that own company stock include Chi Fung Cheng, Pantas Sutardja, Yat Tung Lam, Lip Bu Tan, William Joseph Brennan, William Joseph Brennan, Daniel W Fleming 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. Company Calendar Last Earnings2/27/2024Today9/19/2024Next Earnings (Estimated)12/04/2024Fiscal Year End4/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Semiconductors & related devices Sub-IndustryElectronic Equipment Current SymbolNASDAQ:CRDO CUSIPN/A CIK1807794 Webwww.credosemi.com Phone408-664-9329FaxN/AEmployees380Year FoundedN/APrice Target and Rating Average Stock Price Target$34.00 High Stock Price Target$40.00 Low Stock Price Target$27.00 Potential Upside/Downside+20.1%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 / Sales21.48 Cash FlowN/A Price / Cash FlowN/A Book Value$3.33 per share Price / Book8.50Miscellaneous Outstanding Shares165,185,000Free Float125,722,000Market Cap$4.67 billion OptionableOptionable Beta2.26 Reduce the RiskMarket downturns give many investors pause, and for good reason. 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