Credo Technology Group Stock Performance
| CRDO Stock | USD 52.60 8.69 14.18% |
On a scale of 0 to 100, Credo Technology holds a performance score of 4. The firm shows a Beta (market volatility) of 1.84, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Credo Technology will likely underperform. Please check Credo Technology's standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Credo Technology's price patterns will revert.
Risk-Adjusted Performance
Modest
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Credo Technology Group are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very weak fundamental indicators, Credo Technology displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 7.58 | Five Day Return (15.05) | Year To Date Return (13.59) | Ten Year Return 426.09 | All Time Return 426.09 |
1 | Disposition of 1181 shares by William Brennan of Credo Technology at 69.1168 subject to Rule 16b-3 | 12/05/2024 |
2 | Disposition of 504 shares by Daniel Fleming of Credo Technology at 70.5108 subject to Rule 16b-3 | 12/18/2024 |
3 | Disposition of 100 shares by Chi Cheng of Credo Technology at 69.63 subject to Rule 16b-3 | 12/20/2024 |
4 | Disposition of 20064 shares by Yat Lam of Credo Technology at 70.6454 subject to Rule 16b-3 | 12/30/2024 |
5 | Disposition of 3174 shares by Yat Lam of Credo Technology at 72. subject to Rule 16b-3 | 01/03/2025 |
6 | Disposition of 300 shares by Chi Cheng of Credo Technology at 71.5167 subject to Rule 16b-3 | 01/14/2025 |
7 | Credo Technology Group Holding Ltd Stock Price Up 5.71 percent on Jan 15 | 01/15/2025 |
8 | Disposition of 300 shares by Chi Cheng of Credo Technology at 84.0133 subject to Rule 16b-3 | 01/23/2025 |
9 | Credo Technology Group Holding Ltd Stock Price Up 4.28 percent on Feb 4 | 02/04/2025 |
10 | Credo Technology Group Unusual Options Activity | 02/13/2025 |
11 | Credo Technology Group Holding Ltd Stock Price Down 3.59 percent on Feb 14 | 02/14/2025 |
12 | Disposition of 8827 shares by Yat Lam of Credo Technology at 76.4784 subject to Rule 16b-3 | 02/18/2025 |
13 | Disposition of 5467 shares by James Laufman of Credo Technology at 71.76 subject to Rule 16b-3 | 02/19/2025 |
14 | 5 stocks Congress is buying in 2025 | 02/20/2025 |
15 | Disposition of 500 shares by Yat Lam of Credo Technology at 64.75 subject to Rule 16b-3 | 02/24/2025 |
16 | Credo Technology Group Holding Ltd Stock Price Up 8.75 percent on Feb 26 | 02/26/2025 |
| Begin Period Cash Flow | 108.6 M |
Credo |
Credo Technology Relative Risk vs. Return Landscape
If you would invest 4,896 in Credo Technology Group on November 29, 2024 and sell it today you would earn a total of 359.00 from holding Credo Technology Group or generate 7.33% return on investment over 90 days. Credo Technology Group is currently generating 0.4928% in daily expected returns and assumes 8.9752% risk (volatility on return distribution) over the 90 days horizon. In different words, 80% of stocks are less volatile than Credo, and 91% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Credo Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credo Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Credo Technology Group, and traders can use it to determine the average amount a Credo Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0549
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Estimated Market Risk
| 8.98 actual daily | 80 80% of assets are less volatile |
Expected Return
| 0.49 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Credo Technology is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Credo Technology by adding it to a well-diversified portfolio.
Credo Technology Fundamentals Growth
Credo Stock prices reflect investors' perceptions of the future prospects and financial health of Credo Technology, and Credo Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Credo Stock performance.
| Return On Equity | -0.0519 | ||||
| Return On Asset | -0.043 | ||||
| Profit Margin | (0.1) % | ||||
| Operating Margin | (0.12) % | ||||
| Current Valuation | 9.16 B | ||||
| Shares Outstanding | 167.24 M | ||||
| Price To Book | 16.78 X | ||||
| Price To Sales | 41.74 X | ||||
| Revenue | 192.97 M | ||||
| Gross Profit | 155.32 M | ||||
| EBITDA | (22.52 M) | ||||
| Net Income | (28.37 M) | ||||
| Cash And Equivalents | 243.78 M | ||||
| Cash Per Share | 1.67 X | ||||
| Total Debt | 11.13 M | ||||
| Debt To Equity | 0.05 % | ||||
| Current Ratio | 8.12 X | ||||
| Book Value Per Share | 3.40 X | ||||
| Cash Flow From Operations | 32.74 M | ||||
| Earnings Per Share | (0.14) X | ||||
| Market Capitalization | 10.25 B | ||||
| Total Asset | 601.93 M | ||||
| Retained Earnings | (135.34 M) | ||||
| Working Capital | 485.64 M | ||||
About Credo Technology Performance
By examining Credo Technology's fundamental ratios, stakeholders can obtain critical insights into Credo Technology's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Credo Technology is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 234.99 | 130.14 | |
| Return On Tangible Assets | (0.06) | (0.06) | |
| Return On Capital Employed | (0.05) | (0.06) | |
| Return On Assets | (0.06) | (0.06) | |
| Return On Equity | (0.07) | (0.06) |
Things to note about Credo Technology performance evaluation
Checking the ongoing alerts about Credo Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Credo Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Credo Technology had very high historical volatility over the last 90 days | |
| 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 155.32 M. | |
| Over 77.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Credo Technology Group Holding Ltd Stock Price Up 8.75 percent on Feb 26 |
- Analyzing Credo Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Credo Technology's stock is overvalued or undervalued compared to its peers.
- Examining Credo Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Credo Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Credo Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Credo Technology's stock. These opinions can provide insight into Credo Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 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. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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 (0.14) | Revenue Per Share | Quarterly Revenue Growth 0.636 | Return On Assets |
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.