NASDAQ:CRDO Credo Technology Group (CRDO) Stock Price, News & Analysis $35.59 -0.49 (-1.36%) (As of 11:15 AM ET) Add Compare Share Share Today's Range$35.00▼$36.2250-Day Range$24.60▼$36.0852-Week Range$13.38▼$36.22Volume595,198 shsAverage Volume2.10 million shsMarket Capitalization$5.88 billionP/E RatioN/ADividend YieldN/APrice Target$30.38 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Credo Technology Group alerts: Email Address Credo Technology Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside14.1% Downside$30.38 Price TargetShort InterestHealthy5.97% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.82Based on 11 Articles This WeekInsider TradingSelling Shares$27.39 M Sold Last QuarterProj. Earnings Growth471.43%From $0.07 to $0.40 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.3.06 out of 5 starsBusiness Services Sector133rd out of 300 stocksSemiconductors & Related Devices Industry45th out of 85 stocks 2.4 Analyst's Opinion Consensus RatingCredo Technology Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, 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 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 3.0 Short Interest Percentage of Shares Shorted5.97% 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 3.6, 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 4.54%, indicating that investor sentiment is improving. 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 3.2 News and Social Media Coverage News SentimentCredo Technology Group has a news sentiment score of 0.82. 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 0.41 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Credo Technology Group this week, compared to 4 articles on an average week.Search Interest14 people have searched for CRDO on MarketBeat in the last 30 days. This is an increase of 27% compared to the previous 30 days.MarketBeat FollowsOnly 9 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% 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 $27,388,494.00 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Credo Technology Group are expected to grow by 471.43% in the coming year, from $0.07 to $0.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credo Technology Group is -196.56, 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 -196.56, 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 10.69. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchFamous Stock Market Bull Issues Rare “Collapse” WarningTilson says we're in the midst of a collapse – unlike any we've seen since 2008. As you'll see, it all centers around the tech sector. And the epicenter – it turns out – is Apple.To watch his fascinating interview which has taken Wall Street by storm, click here. About Credo Technology Group Stock (NASDAQ:CRDO)Credo 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 CRDO Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRDO Stock News HeadlinesAugust 21 at 4:24 AM | insidertrades.comChi Fung Cheng Sells 55,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockAugust 20 at 4:42 AM | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Sells $1,709,400.00 in StockAugust 22, 2024 | DTI (Ad)Air Force quietly working with sub $10 stock on new techThere is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.August 13, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) COO Yat Tung Lam Sells 10,000 SharesAugust 3, 2024 | insidertrades.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Sells $1,476,750.00 in StockJuly 25, 2024 | insidertrades.comInsider Selling: Credo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Sells 55,000 Shares of StockAugust 21 at 9:00 AM | globenewswire.comCredo to Present at Goldman Sachs Communacopia + Technology ConferenceAugust 20 at 9:11 PM | baystreet.caAI Investment Nears $1 Trillion: Big Tech and New Entrants Battle for DominanceAugust 22, 2024 | DTI (Ad)Air Force quietly working with sub $10 stock on new techThere is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.August 17, 2024 | americanbankingnews.comCredo Technology Group Holding Ltd (NASDAQ:CRDO) Receives Consensus Recommendation of "Moderate Buy" from AnalystsAugust 15, 2024 | finance.yahoo.comShenZhen Woer Heat-Shrinkable MaterialLtd And 2 Other High Growth Companies With Significant Insider OwnershipAugust 14, 2024 | seekingalpha.comCredo Technology: AI Revenue Doubling In FY25; Initiate With 'Buy'August 14, 2024 | americanbankingnews.comYat Tung Lam Sells 10,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockAugust 8, 2024 | globenewswire.comCredo Announces Date Change of First Quarter Fiscal Year 2025 Financial Results Conference CallJuly 26, 2024 | finance.yahoo.comMilDef Group And Two Other Growth Companies With Significant Insider OwnershipJuly 26, 2024 | finance.yahoo.com3 High Insider Ownership US Stocks With Up To 20% Revenue GrowthJuly 15, 2024 | investorplace.com7 Hypergrowth Stocks to Buy and Hold for 50 YearsJuly 14, 2024 | investorplace.com3 Stocks to Buy Before They Skyrocket: July EditionSee 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 Earnings5/29/2024Today8/22/2024Next Earnings (Confirmed)9/04/2024Fiscal 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$30.38 High Stock Price Target$40.00 Low Stock Price Target$22.00 Potential Upside/Downside-15.8%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($0.18) Trailing P/E RatioN/A Forward P/E Ratio515.43 P/E GrowthN/ANet Income$-28,370,000.00 Net Margins-14.70% Pretax Margin-11.79% Return on Equity-4.51% Return on Assets-4.01% Debt Debt-to-Equity RatioN/A Current Ratio11.88 Quick Ratio11.30 Sales & Book Value Annual Sales$192.97 million Price / Sales30.88 Cash FlowN/A Price / Cash FlowN/A Book Value$3.31 per share Price / Book10.90Miscellaneous Outstanding Shares165,185,000Free Float125,722,000Market Cap$5.96 billion OptionableOptionable Beta2.23 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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 CompetitorsFlexNASDAQ:FLEXUbiquitiNYSE:UIQorvoNASDAQ:QRVOUniversal DisplayNASDAQ:OLEDLeonardo DRSNASDAQ:DRSView All CompetitorsInsiders & InstitutionsChi Fung ChengSold 55,000 sharesTotal: $1.71 M ($31.08/share)Driehaus Capital Management LLCBought 115,271 shares on 8/16/2024Ownership: 2.295%Susquehanna International Group LLPSold 15,500 shares on 8/16/2024Ownership: 0.000%Algert Global LLCBought 19,461 shares on 8/16/2024Ownership: 0.012%AQR Capital Management LLCSold 24,113 shares on 8/15/2024Ownership: 0.125%View All Insider TransactionsView All Institutional Transactions 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 start of the year. Since then, CRDO shares have increased by 81.7% and is now trading at $35.38. View the best growth stocks for 2024 here. How were Credo Technology Group's earnings last quarter? Credo Technology Group Holding Ltd (NASDAQ:CRDO) posted its earnings results on Wednesday, May, 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by $0.04. The business earned $60.78 million during the quarter, compared to analyst estimates of $60.50 million. Credo Technology Group had a negative net margin of 14.70% and a negative trailing twelve-month return on equity of 4.51%. 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 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, Lip Bu Tan, Yat Tung Lam, Daniel W Fleming, William Joseph Brennan, William Joseph Brennan 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. This page (NASDAQ:CRDO) was last updated on 8/22/2024 by MarketBeat.com Staff From Our PartnersWhat Is the $7,882 Stimulus Payment 2024?Biden’s government just announced a new government "stimulus program"... And it could hand you a payment fo...Angel Publishing | SponsoredMillionaire Investor Warns: “Brace for Apple Collapse”Apple stock has quadrupled over the past five years. But now even Warren Buffett is pulling the plug. 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