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Credo Technology Group Holding Ltd (CRDO)
NASDAQ:CRDO
RESEARCH TOOLSreports
CRDO Stock Chart & Stats
Day’s Range― - ―
52-Week Range$16.82 - $86.69
Previous CloseN/A
Volume1.24M
Average Volume (3M)5.40M
Market Cap
$12.58B
Enterprise Value$6.36B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta3.18
Next Earnings
Mar 04, 2025EPS Estimate
0.18Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.14
Shares Outstanding167,239,070
10 Day Avg. Volume4,253,193
30 Day Avg. Volume5,397,954
Standard Deviation0.23
R-Squared0.20
Alpha0.05
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)51.24
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market Cap0.51
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit53.29
Enterprise Value/Ebitda-259.45
Forecast
1Y Price Target
$80.90Price Target Upside12.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
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Bulls Say, Bears Say
Bulls Say
Customer TractionCredo Technology has significant customer traction, with seven customers each accounting for more than 5% of sales, indicating strong market presence and growth potential.
Product DiversificationThe company is expanding its product range beyond Ethernet AECs into PCIe retimers, showing diversification in its offerings.
Revenue GrowthCredo reported a strong beat and guided revenue above estimates as customer forecasts and anticipated AEC shipments inflect stronger than expected.
Bears Say
Competitive PressureThere is significant competitive pressure from other companies, particularly in the Active Electrical Cable and Digital Signal Processor markets.
Gross Margin ConcernsGross margins are expected to remain flat despite long-term expansion efforts, partly due to a lower mix of intellectual property sales.
Valuation ConcernsThe strong post-earnings stock reaction makes valuation less compelling.
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Ownership Overview
16.58% Insiders
25.58% Mutual Funds
17.37% Other Institutional Investors
23.76% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CRDO FAQ
What was Credo Technology Group Holding Ltd’s price range in the past 12 months?
Credo Technology Group Holding Ltd lowest stock price was $16.82 and its highest was $86.69 in the past 12 months.
What is Credo Technology Group Holding Ltd’s market cap?
Credo Technology Group Holding Ltd’s market cap is $12.58B.
When is Credo Technology Group Holding Ltd’s upcoming earnings report date?
Credo Technology Group Holding Ltd’s upcoming earnings report date is Mar 04, 2025 which is in 12 days.
How were Credo Technology Group Holding Ltd’s earnings last quarter?
Credo Technology Group Holding Ltd released its earnings results on Dec 02, 2024. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.052 by $0.018.
Is Credo Technology Group Holding Ltd overvalued?
According to Wall Street analysts Credo Technology Group Holding Ltd’s price is currently Undervalued.
Does Credo Technology Group Holding Ltd pay dividends?
Credo Technology Group Holding Ltd does not currently pay dividends.
What is Credo Technology Group Holding Ltd’s EPS estimate?
Credo Technology Group Holding Ltd’s EPS estimate is 0.18.
How many shares outstanding does Credo Technology Group Holding Ltd have?
Credo Technology Group Holding Ltd has 167,239,070 shares outstanding.
What happened to Credo Technology Group Holding Ltd’s price movement after its last earnings report?
Credo Technology Group Holding Ltd reported an EPS of $0.07 in its last earnings report, beating expectations of $0.052. Following the earnings report the stock price went up 47.887%.
Which hedge fund is a major shareholder of Credo Technology Group Holding Ltd?
Currently, no hedge funds are holding shares in CRDO
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Credo Technology Group Holding Ltd Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$80.90 (12.74% Upside)
$80.90 (12.74% Upside)
Blogger Sentiment
Bullish
CRDO Sentiment 94%
Sector Average 67%
Sector Average 67%
Insider Transactions
Sold Shares
Worth $56.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.3%
Last 30 Days ▲ 38.2%
Last 30 Days ▲ 38.2%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
221.79%
12-Months-Change
Fundamentals
Return on Equity
-5.19%
Trailing 12-Months
Asset Growth
57.35%
Trailing 12-Months
Company Description
Credo Technology Group Holding Ltd
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that delivers improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.
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CRDO Earnings Call
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth, customer diversification, and strong guidance for the next quarter, showcasing a positive trajectory for Credo. However, challenges such as a decrease in cash reserves, increased inventory levels, and significant CapEx impacting free cash flow were noted. Despite these lowlights, the overall sentiment is positive due to the impressive revenue growth and future outlook.Read More>---
CRDO Stock 12 Month Forecast
Average Price Target
$80.90
▲(12.74% Upside)
Technical Analysis
Best Analysts Covering CRDO
1 Year
1 Year Success Rate
19/22 ratings generated profit
1 Year Average Return
+91.70%
reiterated a buy rating 8 days ago
Copying Vijay Rakesh's trades and holding each position for 1 Year would result in 86.36% of your transactions generating a profit, with an average return of +91.70% per trade.
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