What Our Analysts Know About Credo Technology

By Susan Ramirez • Thursday, May 28 10:56 • Permanent Link

Large-cap Technology company Credo Technology has moved -0.6% so far today on a volume of 1,373,932, compared to its average of 7,322,544. In contrast, the S&P 500 index moved 0.0%.

Anyone interested in buying CRDO should be aware of the facts below:

Credo Technology's current price is 3187.1% above its Graham number of $6.69, which implies that at its current valuation it does not offer a margin of safety
Credo Technology has moved 246.6% over the last year, and the S&P 500 logged a change of 27.2%
Based on its trailing earnings per share of 1.81, Credo Technology has a trailing 12 month Price to Earnings (P/E) ratio of 121.5 while the S&P 500 average is 29.3
CRDO has a forward P/E ratio of 39.9 based on its forward 12 month price to earnings (EPS) of $5.52 per share
Its Price to Book (P/B) ratio is 21.91 compared to its sector average of 4.19
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 internationally.
Based in Grand Cayman, the company has 622 full time employees and a market cap of $40.56 Billion.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.