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Credo Technology Group Holding Ltd (CRDO)
NASDAQ:CRDO
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CRDO Stock Chart & Stats
Day’s Range― - ―
52-Week Range$16.82 - $78.97
Previous CloseN/A
Volume1.24M
Average Volume (3M)4.58M
Market Cap
$11.60B
Enterprise Value$6.36B
Total Cash (Recent Filing)$73.91M
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta3.29
Next Earnings
Feb 26, 2025EPS Estimate
0.18Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.14
Shares Outstanding167,239,070
10 Day Avg. Volume4,030,674
30 Day Avg. Volume4,575,876
Standard Deviation0.23
R-Squared0.20
Alpha0.06
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)51.40
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market Cap0.55
Enterprise Value/Revenue25.91
Enterprise Value/Gross Profit53.29
Enterprise Value/Ebitda-415.28
Forecast
1Y Price Target
$80.40Price Target Upside6.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Credo Technology Group Holding Ltd News
Bulls Say, Bears Say
Bulls Say
Market Demand And GrowthCRDO is benefiting from the growth in active electrical cables (AECs), which are gaining importance over more costly and riskier optical solutions.
Revenue And Financial PerformanceCredo reported a strong beat and guided revenue above estimates as customer forecasts and anticipated AEC shipments inflect stronger than expected.
Technological AdvantageThe company's technological differentiation lies in its power-efficient SerDes and Linear Receive Optics (LRO) solutions, addressing the growing need for lower power, higher bandwidth connectivity in next-generation data centers.
Bears Say
CompetitionThere is significant competitive pressure from other companies, particularly in the Active Electrical Cable and Digital Signal Processor markets.
Market ChallengesIntense competition in the AEC market from established players poses a challenge to the company's market share and growth.
ValuationThe strong post-earnings stock reaction makes valuation less compelling.
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Ownership Overview
16.76% Insiders
24.58% Mutual Funds
0.34% Other Institutional Investors
41.72% 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 $78.97 in the past 12 months.
What is Credo Technology Group Holding Ltd’s market cap?
Credo Technology Group Holding Ltd’s market cap is $11.60B.
When is Credo Technology Group Holding Ltd’s upcoming earnings report date?
Credo Technology Group Holding Ltd’s upcoming earnings report date is Feb 26, 2025 which is in 40 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?
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:
$80.40 (6.35% Upside)
$80.40 (6.35% Upside)
Blogger Sentiment
Bullish
CRDO Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $56.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 9.9%
Last 30 Days ▲ 43.6%
Last 30 Days ▲ 43.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
298.10%
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
$80.40
▲(6.35% Upside)
Technical Analysis
Best Analysts Covering CRDO
1 Year
1 Year Success Rate
18/22 ratings generated profit
1 Year Average Return
+83.55%
reiterated a buy rating 8 days ago
Copying Vijay Rakesh's trades and holding each position for 1 Year would result in 81.82% of your transactions generating a profit, with an average return of +83.55% per trade.
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