Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Credo Technology Group Holding Ltd before investing.

In this article, we go over a few key elements for understanding Credo Technology Group Holding Ltd’s stock price such as:

• Credo Technology Group Holding Ltd’s current stock price and volume
• Why Credo Technology Group Holding Ltd’s stock price changed recently
• Upgrades and downgrades for CRDO from analysts
• CRDO’s stock price momentum as measured by its relative strength

About Credo Technology Group Holding Ltd (CRDO)

Before we jump into Credo Technology Group Holding Ltd’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Company’s intellectual property (IP) solutions consist primarily of SerDes IP licensing.

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Credo Technology Group Holding Ltd’s Stock Price as of Market Close

As of June 10, 2024, 4:00 PM, CST, Credo Technology Group Holding Ltd’s stock price was $28.57.

Credo Technology Group Holding Ltd is up 5.23% from its previous closing price of $27.15.

During the last market session, Credo Technology Group Holding Ltd’s stock traded between $26.10 and $28.00. Currently, there are 157.16 million shares of Credo Technology Group Holding Ltd stock available for purchase.

Unfortunately, Credo Technology Group Holding Ltd’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Credo Technology Group Holding Ltd Stock Price History

Credo Technology Group Holding Ltd’s (CRDO) price is currently up 9.59% so far this month.

During the month of June, Credo Technology Group Holding Ltd’s stock price has reached a high of $29.89 and a low of $23.94.

Over the last year, Credo Technology Group Holding Ltd has hit prices as high as $28.00 and as low as $13.38. Year to date, Credo Technology Group Holding Ltd’s stock is up 114.65%.

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What Caused Credo Technology Group Holding Ltd Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 07, 2024, there was 1 analyst who downgraded Credo Technology Group Holding Ltd’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Credo Technology Group Holding Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Credo Technology Group Holding Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Credo Technology Group Holding Ltd’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Credo Technology Group Holding Ltd (CRDO) by visiting AAII Stock Evaluator.

Relative Price Strength of Credo Technology Group Holding Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 07, 2024, Credo Technology Group Holding Ltd has a weighted four-quarter relative price strength of 12.22%, which translates to a Momentum Score of 90 and is considered to be Very Strong.

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Credo Technology Group Holding Ltd Stock Price: Bottom Line

As of June 10, 2024, Credo Technology Group Holding Ltd’s stock price is $28.57, which is up 5.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Credo Technology Group Holding Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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