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Credo Technology Group Holding Ltd (CRDO)
NASDAQ:CRDO
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CRDO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$16.82 - $48.94
Previous Close$42.97
Volume2.45M
Average Volume (3M)2.61M
Market Cap
$7.30B
Enterprise Value$6.91B
Total Cash (Recent Filing)$398.62M
Total Debt (Recent Filing)$13.53M
Price to Earnings (P/E)―
Beta3.08
Next Earnings
Dec 02, 2024EPS Estimate
$0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.16
Shares Outstanding166,064,425
10 Day Avg. Volume2,617,748
30 Day Avg. Volume2,606,757
Standard Deviation0.23
R-Squared0.22
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)12.90
Price to Sales (P/S)33.54
Price to Cash Flow (P/CF)-252.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue31.77
Enterprise Value/Gross Profit57.87
Enterprise Value/Ebitda-417.15
Forecast
1Y Price Target
$37.38Price Target Upside-19.25% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Credo Technology Group Holding Ltd News
Bulls Say, Bears Say
Bulls Say
Customer Base ExpansionManagement expects an emerging hyperscaler customer to be a new 10% customer, signaling a broadening of the customer base for AECs.
Product InnovationCRDO is a pioneer of LRO architectures which could be promising at next-gen 1.6T deployment.
Revenue GrowthAI-focused revenues continue to ramp and still expected to be up ~2x y/y in 4QF25E.
Bears Say
Competitive PressureContinued competitive pressure from MRVL and others, particularly in DSPs, as well as with viable, alternative AEC products in back-end networking and other AI areas.
Financial PerformanceGross margins will likely be flattish in FY25, limiting the outlook despite the big AI ramp.
Sales MixLumpy sales mix (Product vs. IP) and subscale volume continue to limit GM outlook despite the big AI ramp.
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Ownership Overview
16.95% Insiders
23.31% Mutual Funds
21.08% Other Institutional Investors
22.72% 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 $48.94 in the past 12 months.
What is Credo Technology Group Holding Ltd’s market cap?
Currently, no data Available
When is Credo Technology Group Holding Ltd’s upcoming earnings report date?
Credo Technology Group Holding Ltd’s upcoming earnings report date is Dec 02, 2024 which is in 11 days.
How were Credo Technology Group Holding Ltd’s earnings last quarter?
Credo Technology Group Holding Ltd released its earnings results on Sep 04, 2024. The company reported $0.04 earnings per share for the quarter, the consensus estimate of $0.04 by $0.
Is Credo Technology Group Holding Ltd overvalued?
According to Wall Street analysts Credo Technology Group Holding Ltd’s price is currently Overvalued.
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 $0.05.
How many shares outstanding does Credo Technology Group Holding Ltd have?
Credo Technology Group Holding Ltd has 166,064,420 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 $0.04 in its last earnings report, expectations of $0.04. Following the earnings report the stock price went down -14.856%.
Which hedge fund is a major shareholder of Credo Technology Group Holding Ltd?
Among the largest hedge funds holding Credo Technology Group Holding Ltd’s share is Driehaus Capital Management LLC. It holds Credo Technology Group Holding Ltd’s shares valued at 77M.
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Credo Technology Group Holding Ltd Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$37.38 (-19.25% Downside)
$37.38 (-19.25% Downside)
Blogger Sentiment
Bullish
CRDO Sentiment 88%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $39.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 7.2%
Last 30 Days ▲ 7.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
136.22%
12-Months-Change
Fundamentals
Return on Equity
-5.82%
Trailing 12-Months
Asset Growth
62.97%
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
Q1 2024
0:00 / 0:00
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CRDO Stock 12 Month Forecast
Average Price Target
$37.38
▼(-19.25% Downside)
Technical Analysis
Best Analysts Covering CRDO
1 Year
1 Year Success Rate
17/20 ratings generated profit
1 Year Average Return
+56.17%
reiterated a buy rating 4 days ago
Copying Vijay Rakesh's trades and holding each position for 1 Year would result in 85.00% of your transactions generating a profit, with an average return of +56.17% per trade.
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