NASDAQ:CRDO Credo Technology Group (CRDO) Stock Price, News & Analysis $48.96 +3.25 (+7.11%) (As of 11/29/2024 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$46.09▼$51.4050-Day Range$29.79▼$48.9652-Week Range$16.82▼$51.40Volume2.91 million shsAverage Volume2.54 million shsMarket Capitalization$8.13 billionP/E RatioN/ADividend YieldN/APrice Target$36.56Consensus 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… Is the Trump/Musk duo good for shares of TSLA? (Ad)If you held shares of Tesla throughout 2024, you know It’s been a year of extreme highs and lows… But according to our one expert, new yearly highs are on the horizon… In his words, Tesla is building momentum like in 2020, especially as Trump supports the EV maker. Which is why we’re emailing you now… You see, most people will simply buy shares of Tesla ahead of the election… But as they say “There is more than one way to skin a cat” In fact, we’ve found another way to play shares of Tesla.Discover how to trade Tesla, simply follow this link here. Credo Technology Group Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks49th Percentile Overall ScoreCRDO MarketRank™: Credo Technology Group scored higher than 49% of companies evaluated by MarketBeat, and ranked 416th out of 665 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 -306.00, 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 -306.00, 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 14.79. 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 Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted4.94% 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 2.5, 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 11.30%, 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 Shorted4.94% 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 2.5, 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 11.30%, indicating that investor sentiment is decreasing significantly. News and Social Media2.7 / 5News Sentiment0.82 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 18 news articles for Credo Technology Group this week, compared to 6 articles on an average week.Search Interest23 people have searched for CRDO on MarketBeat in the last 30 days. This is an increase of 53% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days. Company Ownership3.3 / 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 $43,552,936.00 in company stock.Percentage Held by Insiders16.04% 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 HeadlinesChi Fung Cheng Sells 55,000 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) StockNovember 13, 2024 | insidertrades.comCredo Technology Group (NASDAQ:CRDO) Reaches New 52-Week High - Time to Buy?December 1 at 2:07 AM | americanbankingnews.comMedia Is Mocking Elon, But Wait Until They See This DemoElon Musk believes his new AI product will be worth an incredible $9 trillion. But the mainstream media is not buying it.December 1, 2024 | Brownstone Research (Ad)Credo Technology Group (CRDO) to Release Earnings on MondayNovember 30 at 1:09 AM | americanbankingnews.comA Closer Look at Credo Technology Group's Options Market DynamicsNovember 29 at 3:13 PM | benzinga.comAnalysts Offer Insights on Technology Companies: Par Technology (PAR), PagerDuty (PD) and Credo Technology Group Holding Ltd (CRDO)November 27, 2024 | markets.businessinsider.comCredo Technology Group Holding Ltd (CRDO): Hedge Funds Are Bullish on This Promising New Technology StockNovember 26, 2024 | msn.comCredo Technology Group (NASDAQ:CRDO) Stock, Option ChainNovember 22, 2024 | benzinga.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 2024. Since then, CRDO stock has increased by 151.5% and is now trading at $48.96. 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 Wednesday, September, 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.03. The business earned $59.71 million during the quarter, compared to analysts' expectations of $59.50 million. Credo Technology Group had a negative trailing twelve-month return on equity of 3.74% and a negative net margin of 12.05%. 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? Top institutional investors of Credo Technology Group include State Street Corp (2.63%), Point72 Asset Management L.P. (2.36%), Swedbank AB (2.00%) and Swedbank AB (1.99%). 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 Earnings9/04/2024Today12/01/2024Next Earnings (Confirmed)12/02/2024Fiscal Year End4/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices 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$36.56 High Stock Price Target$45.00 Low Stock Price Target$27.00 Potential Upside/Downside-25.3%Consensus RatingModerate Buy Rating Score (0-4)2.89 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.16) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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$192.97 million Price / Sales42.13 Cash FlowN/A Price / Cash FlowN/A Book Value$3.31 per share Price / Book14.79Miscellaneous Outstanding Shares166,060,000Free Float139,427,000Market Cap$8.13 billion OptionableOptionable Beta2.19 The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? 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