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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 - $78.97
Previous Close$69.83
Volume4.50M
Average Volume (3M)3.13M
Market Cap
$11.68B
Enterprise Value$11.31B
Total Cash (Recent Filing)$382.95M
Total Debt (Recent Filing)$12.95M
Price to Earnings (P/E)―
Beta3.31
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. Volume5,187,743
30 Day Avg. Volume3,132,962
Standard Deviation0.23
R-Squared0.24
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)21.10
Price to Sales (P/S)59.37
Price to Cash Flow (P/CF)-438.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue46.05
Enterprise Value/Gross Profit94.68
Enterprise Value/Ebitda-737.90
Forecast
1Y Price Target
$72.90Price Target Upside9.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Credo Technology Group Holding Ltd News
Bulls Say, Bears Say
Bulls Say
Customer Growth And Market PresenceCredo Technology has significant customer traction, with seven customers each accounting for more than 5% of sales, indicating strong market presence and growth potential.
Financial Performance And OutlookCredo reported a strong beat and guided revenue above estimates as customer forecasts and anticipated AEC shipments inflect stronger than expected.
Technological DifferentiationThe 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 SensitivityRisks include premium valuation and high sensitivity to changes in sentiment around AI deployments, which could affect the company's performance.
ValuationThe strong post-earnings stock reaction makes valuation less compelling.
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Ownership Overview
16.79% Insiders
24.75% Mutual Funds
20.93% Other Institutional Investors
21.31% 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?
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 Feb 26, 2025 which is in 70 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:
$72.90 (9.69% Upside)
$72.90 (9.69% Upside)
Blogger Sentiment
Bullish
CRDO Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $73.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 10.2%
Last 30 Days ▲ 53.5%
Last 30 Days ▲ 53.5%
Technicals
SMA
Positive
20 days / 200 days
Momentum
259.94%
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
$72.90
▲(9.69% Upside)
Technical Analysis
Best Analysts Covering CRDO
1 Year
1 Year Success Rate
18/21 ratings generated profit
1 Year Average Return
+113.67%
reiterated a buy rating 16 days ago
Copying Richard Shannon's trades and holding each position for 1 Year would result in 85.71% of your transactions generating a profit, with an average return of +113.67% per trade.
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