NASDAQ:CRDO Credo Technology Group (CRDO) Stock Price, News & Analysis → A lot of people are making this costly mistake (From WealthPress) (Ad) Free CRDO Stock Alerts $21.19 -0.01 (-0.05%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$20.94▼$21.5550-Day Range$19.03▼$23.2752-Week Range$7.20▼$23.90Volume1.85 million shsAverage Volume2.27 million shsMarket Capitalization$3.46 billionP/E RatioN/ADividend YieldN/APrice Target$23.00 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/Downside8.5% Upside$23.00 Price TargetShort InterestBearish7.97% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.39Based on 14 Articles This WeekInsider TradingSelling Shares$43.09 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.0.62 out of 5 starsBusiness Services Sector287th out of 310 stocksSemiconductors & Related Devices Industry87th out of 90 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.00, Credo Technology Group has a forecasted upside of 8.5% from its current price of $21.19.Amount of Analyst CoverageCredo Technology Group has only been the subject of 4 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.97% 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 4.5.Change versus previous monthShort interest in Credo Technology Group has recently increased by 5.60%, 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 2.4 News and Social Media Coverage News SentimentCredo Technology Group has a news sentiment score of 0.39. 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 0.62 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Credo Technology Group this week, compared to 3 articles on an average week.Search Interest10 people have searched for CRDO on MarketBeat in the last 30 days. This is an increase of 233% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $43,090,773.00 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. 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 -92.13, 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 -92.13, 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 6.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. 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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 HeadlinesMarch 28, 2024 | insidertrades.comInsider Selling: Credo Technology Group Holding Ltd (NASDAQ:CRDO) COO Sells 94,329 Shares of StockMarch 26, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Sells $1,206,150.00 in StockMarch 29, 2024 | Crypto 101 Media (Ad)Altcoin FRENZY Alert…Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days… March 22, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) COO Sells $755,414.66 in StockMarch 16, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CEO Sells $308,250.00 in StockMarch 14, 2024 | insidertrades.comYat Tung Lam Sells 10,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockMarch 14, 2024 | insidertrades.comDaniel W. Fleming Sells 17,500 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockMarch 29, 2024 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) COO Sells $2,123,345.79 in StockMarch 29, 2024 | Crypto 101 Media (Ad)Crypto Market Preps For Trillions Worth of Inflows! Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.March 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 23, 2024 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) COO Yat Tung Lam Sells 37,733 SharesMarch 23, 2024 | americanbankingnews.comNeoMagic (OTCMKTS:NMGC) versus Credo Technology Group (NASDAQ:CRDO) Financial SurveyMarch 23, 2024 | americanbankingnews.comInsider Selling: Credo Technology Group Holding Ltd (NASDAQ:CRDO) COO Sells 37,733 Shares of StockMarch 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 20, 2024 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Given Consensus Rating of "Moderate Buy" by AnalystsMarch 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 CapabilityMarch 16, 2024 | ca.finance.yahoo.comCRDO Apr 2024 17.500 callMarch 16, 2024 | ca.finance.yahoo.comCRDO Apr 2024 25.000 callMarch 14, 2024 | finance.yahoo.comCFO Daniel Fleming Sells 17,500 Shares of Credo Technology Group Holding Ltd (CRDO)March 8, 2024 | seekingalpha.comCredo Technology: Comparative Metrics Vs. Main Competitors Broadcom And MarvellMarch 4, 2024 | globenewswire.comCredo to Present at 36th Annual Roth ConferenceFebruary 28, 2024 | markets.businessinsider.comCredo Technology Group: Steady Performance with Cautious Growth Outlook Amidst Diversifying EngagementsFebruary 28, 2024 | markets.businessinsider.comBreaking Down Credo Technology Group: 5 Analysts Share Their ViewsSee 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 Earnings2/27/2024Today3/28/2024Fiscal Year End4/30/2024Next Earnings (Estimated)5/29/2024Get 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$23.00 High Stock Price Target$30.00 Low Stock Price Target$16.00 Potential Upside/Downside+8.5%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$184.19 million Price / Sales18.79 Cash FlowN/A Price / Cash FlowN/A Book Value$3.27 per share Price / Book6.48Miscellaneous Outstanding Shares163,290,000Free Float124,281,000Market Cap$3.46 billion OptionableOptionable Beta2.00 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 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 CompetitorsSprinklrNYSE:CXMCrane NXTNYSE:CXTKorn FerryNYSE:KFYEnproNYSE:NPOAurora InnovationNASDAQ:AURView All CompetitorsInsiders & InstitutionsYat Tung LamSold 94,329 sharesTotal: $2.12 M ($22.51/share)Chi Fung ChengSold 55,000 sharesTotal: $1.21 M ($21.93/share)Healthcare of Ontario Pension Plan Trust FundSold 101,400 shares on 3/21/2024Ownership: 0.186%Yat Tung LamSold 37,733 sharesTotal: $755,414.66 ($20.02/share)William Joseph BrennanSold 15,000 sharesTotal: $308,250.00 ($20.55/share)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 $16.00 to $30.00. On average, they anticipate the company's share price to reach $23.00 in the next year. This suggests a possible upside of 8.5% 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 shares have increased by 8.8% and is now trading at $21.19. View the best growth stocks for 2024 here. Are investors shorting Credo Technology Group? Credo Technology Group saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 9,990,000 shares, an increase of 5.6% from the February 29th total of 9,460,000 shares. Based on an average trading volume of 2,220,000 shares, the short-interest ratio is presently 4.5 days. Approximately 8.0% of the company's shares are short sold. 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 Wednesday, May 29th 2024. View our CRDO earnings forecast. 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 (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $53.06 million for the quarter, compared to analyst estimates 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 for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm 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).BlackRock Future Tech ETF (BTEK). What guidance has Credo Technology Group issued on next quarter's earnings? Credo Technology Group updated 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 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.29%), Vanguard Group Inc. (8.57%), Capital Research Global Investors (3.78%), Jennison Associates LLC (1.55%), Wellington Management Group LLP (1.11%) and Nuveen Asset Management LLC (1.15%). 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 3/29/2024 by MarketBeat.com Staff From Our PartnersDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI healthcare stock poised for 36,996% growth?Behind the MarketsBill Gates is all about this tiny $2 stockTimothy Sykes 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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