Ceragon Networks Ltd (NASDAQ:CRNT) does about 561.12K shares in volume on a normal day but saw 952231 shares change hands in Friday trading. The company now has a market cap of 260.10M USD. Its current market price is $3.04, marking an increase of 6.29% compared to the previous close of $2.86. The 52 week high reached by this stock is $3.38 whilst the lowest price level in 52 weeks is $1.56.
Ceragon Networks Ltd (CRNT) has a 20-day trading average at $2.86 and the current price is -10.06% off the 52-week high compared with 94.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.98 and its 200-day simple moving average is $2.28. If we look at the stock’s price movements over the week, volatility stands at 4.68%, which decreases to 4.27% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.47 to suggest the stock is neutral.
The consensus objective for the share price is $5.25, suggesting that the stock has a potential upside of 42.1% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 16, 2021 when Aegis Capital initiated the stock to “Buy” and issued a price target of $6. Needham upgraded the stock to “Buy” from Hold on May 04, 2021 at a price target of $4.50.
Ceragon Networks Ltd (CRNT) stock is up 10.14% over the week and -2.25% over the past month. Its price is 40.74% year-to-date and 68.89% over the past year.
To reach the target analysts have set, the stock logically needs to grow 42.1 percent from here.
The company has a return on investment of 4.21% and return on equity of 4.90%. The price to earnings ratio (P/E ratio) amounts to 41.70 while the forward price to earnings ratio is 7.41. The beta has a value of 1.43. Price to book ratio is 1.94 and price to sales ratio is 0.75.
