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How to Buy Credo Technology Group Holding Stock

Credo Technology Group Holding Ltd

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.

Credo Technology Group Holding stock last closed at $21.19, down 0.05% from the previous day, and has increased 138.63% in one year. It has overperformed other stocks in the Communication Equipment industry by 1.55 percentage points. Credo Technology Group Holding stock is currently +194.51% from its 52-week low of $7.20, and -11.34% from its 52-week high of $23.90.

As of Mar 28, 2024, there are 163.29M CRDO shares outstanding. The market value of CRDO is $3.46B. In the last 24 hours, 1.77M CRDO shares were traded.

How to Buy Credo Technology Group Holding Stock

Wondering how to invest in Credo Technology Group Holding stock? Here's how.
  1. Figure out where to buy Credo Technology Group Holding stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Credo Technology Group Holding stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit money your investment account: Pick your method of payment and add your info.
  4. Research Credo Technology Group Holding stock: The Credo Technology Group Holding ticker symbol is CRDO. Is Credo Technology Group Holding stock a good investment? Should you buy shares of CRDO? How do CRDO's underlying business fundamentals look? Do top analysts think Credo Technology Group Holding is a good buy? Why has CRDO's stock price moved recently? (Hint: Our stock analysis website can help you decide if CRDO is a good stock to buy).
  5. Execute your CRDO trade: Decide if you will purchase CRDO shares at the current market price or use a limit order to buy CRDO stock at a particular price.
  6. Watch your investment in CRDO: Create a watchlist to track your investment in Credo Technology Group Holding shares.

Step 1: Figure out where to buy Credo Technology Group Holding stock

You will need a brokerage account in order to access the NASDAQ market and buy CRDO stock.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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  • Security: eToro is a regulated and licensed brokerage platform.
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Step 2: Create a brokerage account

Now that you've selected the best brokerage, it's time to fill out some personal details so you can invest in CRDO stock today.

How to Create a New Investment Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Input your personal details to create a new trading account.
  1. Submit your data by hitting the "Create Account" button.
  2. Get started with eToro today
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Step 3: Deposit money your investment account

Now that you have created your account on a investment app, you need to deposit funds:

Check out the tutorial below if you need help depositing money into your new brokerage account.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Credo Technology Group Holding stock

Once you have figured out the best place to buy Credo Technology Group Holding stock, it's critical to research their stock before you invest, so you actually wrap your head around the risk and opportunity.

Credo Technology Group Holding Numbers

CRDO Price
$21.19
1w %
-1.99%
1y %
138.63%
5y %
N/A
P/E
-92.13x
P/B
6.48x
P/S
20.28x
PEG
N/A
Revenue
$164.28M
Earnings
-$33.83M
Fore. Rev. Growth
31.21%
Fore. Earn. Growth
N/A
Market Cap
$3.46B
Next Earnings
May 29, 2024
Next Dividend
N/A

Fundamentals of CRDO

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on CRDO's stock page.

Is CRDO stock undervalued or overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge CRDO's fair value.

Using relative valuations measures:

  • CRDO could be overvalued based on its P/B ratio of 6.48x, relative to Communication Equipment industry P/B ratio of 2.78x

You can do more valuation analysis on CRDO's stock here.

Is CRDO a healthy company?

Signs that CRDO is financially healthy:

  • There are more short-term assets than short-term liabilities on the CRDO balance sheet.
  • CRDO has a low debt to equity ratio of 0.11.
  • There are more short-term assets than long-term liabilities on the CRDO balance sheet.
  • CRDO's operating cash flow of $16.74M allows it to safely service it's debt of $11.60M.

Signs that CRDO is not financially healthy:

  • CRDO profit margin has gone down from -3.1% to -20.6% in the past year.
  • CRDO earnings of -$34.72M is not sufficient to cover its interest payments.

Is Credo Technology Group Holding stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 6 Equities analysts who give recommendations on CRDO, the consensus analyst rating on Credo Technology Group Holding is a Strong Buy

Please note that analyst ratings are not recommendations, nor are they investment advice.

Latest CRDO Analyst Forecasts

Thomas O'Malley, a top 48% analyst from Barclays initiates coverage on CRDO with a strong buy rating and announces their CRDO price target of $18.00, on Oct 2, 2023.

You can dig deeper into what analysts are saying on the Credo Technology Group Holding stock forecast page.

CRDO Technicals

SMA10
20.94
SMA20
21.08
SMA50
21.4
SMA100
19.84
SMA200
17.86
MACD
0.01
MACD Signal
-0.09
MACD Histogram
0.09
RSI
50.02
Stochastic %K
52.96
Stochastic %D
57.14
StochRSI %K
68.48
StochRSI %D
80.63

CRDO Revenue

Last year, CRDO revenue was $164.28M. Over the last 2 year, CRDO's revenue has gone up by 36.09% per year. This was faster than the Communication Equipment industry average of 3.91%.

Dig into CRDO's earnings and revenue performance here.

What are CRDO insiders up to?

Over the last 12 months, executives and large shareholders at CRDO have sold more shares than they have bought.

Yat Tung Lam, Chief Operating Officer of CRDO, was the latest CRDO insider to sell. They sold $716,462.08 worth of CRDO stock on Mar 26, 2024.

Dig into more about who owns CRDO stock here.

Does CRDO stock generate passive income?

No, Credo Technology Group Holding doesn't provide an income stream by paying out dividends.

What others are saying about CRDO

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Execute your CRDO trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a particular dollar amount limit, place a limit order.

Press the Open Trade button and your broker will place the order.

If you want more help with buying stocks on eToro, click the how to video below:

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Step 6: Watch your investment in CRDO

Now that you own some shares in CRDO, you'll want to stay up-to-date on your company.

Create a watchlist to monitor your CRDO stock.

CRDO Feed

How to Buy Stock in Credo Technology Group Holding

To summarize, here are the 6 steps you need to take to buy Credo Technology Group Holding stock right now:

  1. Figure out where to buy Credo Technology Group Holding stock
  2. Create a brokerage account
  3. Deposit money your investment account
  4. Research Credo Technology Group Holding stock
  5. Execute your CRDO trade
  6. Watch your investment in CRDO

If you require a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get notifications regarding your new investment in Credo Technology Group Holding, get started below.

NASDAQ: CRDO
$21.19-0.01 (-0.05%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: CRDO
$21.19-0.01 (-0.05%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Credo Technology Group Holding share?

As of Mar 28, 2024, it costs $21.19 to buy one share of Credo Technology Group Holding stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.472 shares of CRDO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Credo Technology Group Holding stock?

According to 6 Wall Street analysts who monitor Credo Technology Group Holding, their consensus recommendation is to buy Credo Technology Group Holding stock.

What is the best way to buy Credo Technology Group Holding stock?

One way to place an order for Credo Technology Group Holding stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.