Why Credo Technology Group Holding Ltd’s (CRDO) Stock Is Down 11.24%

By Omar Beirat
July 24, 2026
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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 dip, let’s take a look at some background.

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets. The company offers ZeroFlap (ZF) active electrical cables and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, as well as integrated circuits, active electrical cables, and SerDes chiplets. It also provides intellectual property (IP) solutions, including SerDes IP licensing. The company offers was founded in 2008 and is headquartered in Grand Cayman, the Cayman Islands.

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

As of July 24, 2026, 10:16 AM, CST, Credo Technology Group Holding Ltd’s stock price was $216.500.

Credo Technology Group Holding Ltd is down 8.46% from its previous closing price of $236.500.

During the last market session, Credo Technology Group Holding Ltd’s stock traded between $215.250 and $231.320. Currently, there are approximately 184.68 million shares outstanding for Credo Technology Group Holding Ltd.

Credo Technology Group Holding Ltd’s price-earnings (P/E) ratio is currently at 94.2, which is high compared to the Semiconductors & Semiconductor Equipment industry median of 62.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Credo Technology Group Holding Ltd Stock Price History

Credo Technology Group Holding Ltd’s (CRDO) price is currently down 20.39% so far this month.

During the month of July, Credo Technology Group Holding Ltd’s stock price has reached a high of $280.500 and a low of $185.865.

Over the last year, Credo Technology Group Holding Ltd has hit prices as high as $308.670 and as low as $86.485. Year to date, Credo Technology Group Holding Ltd’s stock is up 50.46%.

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

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 July 23, 2026, there were 0 analysts who downgraded Credo Technology Group Holding Ltd’s stock and 1 analyst 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 July 23, 2026, Credo Technology Group Holding Ltd has a weighted four-quarter relative price strength of 21.59%, which translates to a Momentum Score of 93 and is considered to be Very Strong.

Want to learn more about how Credo Technology Group Holding Ltd is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Credo Technology Group Holding Ltd Stock Price: Bottom Line

As of July 24, 2026, Credo Technology Group Holding Ltd’s stock price is $216.500, which is down 8.46% 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.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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