Credo Technology Slips to 162nd in Trading Volume Ranking Amid 30.6% Decline

On June 5, 2025, Credo Technology (CRDO) experienced a significant decline in trading volume, with a total turnover of $568 million, marking a 30.6% decrease from the previous day. This placed Credo at the 162nd position in terms of trading volume for the day. The stock price of Credo Technology also saw a drop of 4.53%.

Credo Technology is set to present at the 2025 Mizuho Technology Conference, highlighting its commitment to advancing high-speed connectivity solutions. These solutions are designed to deliver optimized performance, reliability, energy efficiency, and security for future technological advancements.

According to an automated analysis, Credo Technology has strong fundamentals, passing 16 out of 33 due diligence checks. The company's stock is currently trading at $76.46, which is significantly overvalued by 665.26% relative to its estimated fair value of -$13.53 based on Discounted Cash Flow (DCF) modeling. Additionally, the stock is trading above its intrinsic value of $2.80, according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor."

Credo Technology's financial health shows a positive outlook. The company's profit margin has increased by 22.2% in the last year, and its short-term assets exceed both its short-term and long-term liabilities. The debt to equity ratio of 0.16 is considered acceptable, and the company's cash and short-term investments can cover its cash burn for at least one year.

Credo Technology has unveiled its new Lark family of optical Digital Signal Processors (DSPs), targeting next-generation AI applications. This development positions Credo as a key player in the AI interconnect market, further solidifying its role in advancing high-speed connectivity solutions.