Credo Technology Group Stock Analysis
| CRDO Stock | USD 49.18 1.35 2.67% |
Credo Technology Group is undervalued with Real Value of 61.27 and Hype Value of 49.88. The main objective of Credo Technology stock analysis is to determine its intrinsic value, which is an estimate of what Credo Technology Group is worth, separate from its market price. There are two main types of Credo Technology's stock analysis: fundamental analysis and technical analysis.
The Credo Technology stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Credo Technology is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, National Mourning Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Credo Stock trading window is adjusted to America/New York timezone.
Credo |
Credo Stock Analysis Notes
About 15.0% of the company shares are held by company insiders. The company has Price/Earnings To Growth (PEG) ratio of 0.9. Credo Technology had not issued any dividends in recent years. 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. Credo Technology is traded on NASDAQ Exchange in the United States. For more info on Credo Technology Group please contact William Brennan at 408 664 9329 or go to https://credosemi.com.Credo Technology Investment Alerts
| Credo Technology generated a negative expected return over the last 90 days | |
| Credo Technology has high historical volatility and very poor performance | |
| Credo Technology has high likelihood to experience some financial distress in the next 2 years | |
| 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 208.69 M. | |
| Over 76.0% of the company shares are held by institutions such as insurance companies |
Credo Technology Upcoming and Recent Events
Earnings reports are used by Credo Technology to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period..
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 29th of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 29th of May 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 30th of April 2023 Last Financial Announcement | View |
Credo Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.58 B.Credo Profitablity
The company has Profit Margin (PM) of 0.02 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.19 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.19.Technical Drivers
As of the 25th of March, Credo Technology shows the risk adjusted performance of (0.03), and Mean Deviation of 5.34. Credo Technology technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Credo Technology Price Movement Analysis
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Credo Technology Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Credo Technology insiders, such as employees or executives, is commonly permitted as long as it does not rely on Credo Technology's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Credo Technology insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Credo Technology Outstanding Bonds
Credo Technology issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Credo Technology uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Credo bonds can be classified according to their maturity, which is the date when Credo Technology Group has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Credo Technology Predictive Daily Indicators
Credo Technology intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Credo Technology stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 114809.0 | |||
| Daily Balance Of Power | (0.71) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 49.53 | |||
| Day Typical Price | 49.41 | |||
| Price Action Indicator | (1.02) | |||
| Period Momentum Indicator | (1.35) |
Credo Technology Forecast Models
Credo Technology's time-series forecasting models are one of many Credo Technology's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Credo Technology's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Credo Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Credo Technology prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Credo shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Credo Technology. By using and applying Credo Stock analysis, traders can create a robust methodology for identifying Credo entry and exit points for their positions.
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. Credo Technology is traded on NASDAQ Exchange in the United States.
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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Credo Technology to your portfolios without increasing risk or reducing expected return.Did you try this?
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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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.
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.