Credo Technology Group Stock Buy Hold or Sell Recommendation
| CRDO Stock | USD 48.96 3.25 7.11% |
Given the investment horizon of 90 days and your way above-average risk tolerance, our recommendation regarding Credo Technology Group is 'Strong Hold'. The recommendation algorithm takes into account all of Credo Technology's available fundamental, technical, and predictive indicators you will find on this site.
Check out Credo Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Credo and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Credo Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Credo |
Execute Credo Technology Buy or Sell Advice
The Credo recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Credo Technology Group. Macroaxis does not own or have any residual interests in Credo Technology Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Credo Technology's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Credo Technology Trading Alerts and Improvement Suggestions
| Credo Technology appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 192.97 M. Net Loss for the year was (28.37 M) with profit before overhead, payroll, taxes, and interest of 65.77 M. | |
| Over 77.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from benzinga.com: A Closer Look at Credo Technology Groups Options Market Dynamics |
Credo Technology Returns Distribution Density
The distribution of Credo Technology's historical returns is an attempt to chart the uncertainty of Credo Technology's future price movements. The chart of the probability distribution of Credo Technology daily returns describes the distribution of returns around its average expected value. We use Credo Technology Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Credo Technology returns is essential to provide solid investment advice for Credo Technology.
| Mean Return | 0.65 | Value At Risk | -8.52 | Potential Upside | 7.13 | Standard Deviation | 4.43 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Credo Technology historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Credo Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Credo Technology, soars without any apparent reason. This usually happens because many institutional investors are aggressively trading Credo Technology Group back and forth among themselves. Companies that invest excess capital in these types of assets may also be included in this term and can influence corporate governance by exercising voting rights in their investments.
| 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 Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Credo Technology or Semiconductors & Semiconductor Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Credo Technology's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Credo stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.26 | |
β | Beta against Dow Jones | 2.93 | |
σ | Overall volatility | 4.33 | |
Ir | Information ratio | 0.12 |
Credo Technology Volatility Alert
Credo Technology Group exhibits above-average semi-deviation for your current time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Credo Technology's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Credo Technology's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Credo Technology Fundamentals Vs Peers
Comparing Credo Technology's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Credo Technology's direct or indirect competition across all of the common fundamentals between Credo Technology and the related equities. This way, we can detect undervalued stocks with similar characteristics as Credo Technology or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Credo Technology's fundamental indicators could also be used in its relative valuation, which is a method of valuing Credo Technology by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Credo Technology to competition |
| Fundamentals | Credo Technology | Peer Average |
| Return On Equity | -0.0582 | -0.31 |
| Return On Asset | -0.0437 | -0.14 |
| Profit Margin | (0.12) % | (1.27) % |
| Operating Margin | (0.24) % | (5.51) % |
| Current Valuation | 7.75 B | 16.62 B |
| Shares Outstanding | 166.06 M | 571.82 M |
| Shares Owned By Insiders | 15.87 % | 10.09 % |
| Shares Owned By Institutions | 76.88 % | 39.21 % |
| Number Of Shares Shorted | 6.6 M | 4.71 M |
| Price To Book | 14.70 X | 9.51 X |
| Price To Sales | 37.37 X | 11.42 X |
| Revenue | 192.97 M | 9.43 B |
| Gross Profit | 65.77 M | 27.38 B |
| EBITDA | (22.52 M) | 3.9 B |
| Net Income | (28.37 M) | 570.98 M |
| Cash And Equivalents | 243.78 M | 2.7 B |
| Cash Per Share | 1.67 X | 5.01 X |
| Total Debt | 11.13 M | 5.32 B |
| Debt To Equity | 0.05 % | 48.70 % |
| Current Ratio | 8.12 X | 2.16 X |
| Book Value Per Share | 3.33 X | 1.93 K |
| Cash Flow From Operations | 32.74 M | 971.22 M |
| Short Ratio | 2.71 X | 4.00 X |
| Earnings Per Share | (0.16) X | 3.12 X |
| Price To Earnings To Growth | 0.90 X | 4.89 X |
| Target Price | 38.25 | |
| Number Of Employees | 500 | 18.84 K |
| Beta | 2.19 | -0.15 |
| Market Capitalization | 8.13 B | 19.03 B |
| Total Asset | 601.93 M | 29.47 B |
| Retained Earnings | (135.34 M) | 9.33 B |
| Working Capital | 485.64 M | 1.48 B |
| Net Asset | 601.93 M |
Note: Disposition of 4192 shares by Chi Cheng of Credo Technology at 48.261 subject to Rule 16b-3 [view details]
Credo Technology Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Credo . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Credo Technology Buy or Sell Advice
When is the right time to buy or sell Credo Technology Group? Buying financial instruments such as Credo Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Credo Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Asset Management Thematic Idea Now
Asset Management
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Asset Management theme has 7 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Asset Management Theme or any other thematic opportunities.
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Check out Credo Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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.