Credo Technology Group Stock Today
| CRDO Stock | USD 45.84 0.44 0.95% |
Performance9 of 100
| Odds Of DistressLess than 47
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Credo Technology is selling at 45.84 as of the 24th of November 2024; that is 0.95 percent decrease since the beginning of the trading day. The stock's open price was 46.28. Credo Technology has 47 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Credo Technology Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of October 2024 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain Semiconductors & Semiconductor Equipment | IPO Date 27th of January 2022 | Category Technology | Classification Information Technology |
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. The company was founded in 2008 and is headquartered in San Jose, California. The company has 166.06 M outstanding shares of which 5.93 M shares are currently shorted by private and institutional investors with about 2.69 trading days to cover. More on Credo Technology Group
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Credo Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO President | William Brennan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Semiconductors & Semiconductor Equipment, Information Technology, NASDAQ Composite, Information Technology, Semiconductors & Semiconductor Equipment, Communication Equipment, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsCredo Technology can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Credo Technology's financial leverage. It provides some insight into what part of Credo Technology's total assets is financed by creditors.
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Credo Technology Group (CRDO) is traded on NASDAQ Exchange in USA. It is located in c/o Maples Corporate Services Limited, Grand Cayman, Cayman Islands, 1-1104 and employs 500 people. Credo Technology is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 7.61 B. Credo Technology conducts business under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. The entity has 166.06 M outstanding shares of which 5.93 M shares are currently shorted by private and institutional investors with about 2.69 trading days to cover.
Credo Technology Group currently holds about 243.78 M in cash with 32.74 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.67.
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Ownership AllocationCredo Technology holds a total of 166.06 Million outstanding shares. The majority of Credo Technology Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Credo Technology to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Credo Technology. Please pay attention to any change in the institutional holdings of Credo Technology Group as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Credo Ownership Details
Credo Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| D. E. Shaw & Co Lp | 2024-09-30 | 2.4 M | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 2.2 M | |
| Wellington Management Company Llp | 2024-06-30 | 2.2 M | |
| Jennison Associates Llc | 2024-09-30 | 2 M | |
| Principal Financial Group Inc | 2024-09-30 | 2 M | |
| Nuveen Asset Management, Llc | 2024-06-30 | 1.9 M | |
| Frontier Capital Management Co Inc | 2024-09-30 | 1.8 M | |
| American Century Companies Inc | 2024-09-30 | 1.8 M | |
| Manufacturers Life Insurance Co | 2024-09-30 | 1.8 M | |
| Vanguard Group Inc | 2024-09-30 | 16.4 M | |
| Blackrock Inc | 2024-06-30 | 14.2 M |
Credo Technology Historical Income Statement
Credo Stock Against Markets
Credo Technology Corporate Management
| Chi Cheng | CTO Cofounder | Profile | |
| Daniel ONeil | Vice Relations | Profile | |
| Adam ThorngateGottlund | General Secretary | Profile | |
| Daniel Fleming | Chief Officer | Profile | |
| Scott Feller | Vice Marketing | Profile | |
| James Laufman | Chief Secretary | Profile | |
| Jim Laufman | Chief Secretary | Profile |
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Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Credo Technology. If investors know Credo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Credo Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.87) | Earnings Share (0.16) | Revenue Per Share 1.368 | Quarterly Revenue Growth 0.702 | Return On Assets (0.04) |
The market value of Credo Technology is measured differently than its book value, which is the value of Credo that is recorded on the company's balance sheet. Investors also form their own opinion of Credo Technology's value that differs from its market value or its book value, called intrinsic value, which is Credo Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Credo Technology's market value can be influenced by many factors that don't directly affect Credo Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Credo Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credo Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credo Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.