Cellebrite DI Ltd (NASDAQ: CLBT) Now $5.51 Higher From Its Low (5.01), Does It Still Have A Growth Story?

Cellebrite DI Ltd (NASDAQ:CLBT) currently has a daily average trading volume of 887.74K but it saw 709919 shares traded in last market. With a market cap of 2.16B USD, the company’s current market price of $10.52 came rising about 1.06 while comparing to the previous closing price of $10.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.50 and as low as $5.51.

Taking a look at 20-day trading activity of Cellebrite DI Ltd (CLBT) gives us an average price of $11.15, while its current price level is -15.84% below from 52-week high level whereas it is 90.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.99 while that of 200 days or SMA-200 reads an average of $9.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.32% during that period while stretching the period over a month that decreases to 3.26%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.78 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Needham which reiterated the stock as “Buy” in its note to investors issued on March 28, 2024, recommending a price target of between $13 and $13.50 for it. BofA Securities issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $9 and $12.

Over the week, CLBT’s stock price is moving -3.66% down while it is -6.07% when we observe its performance for the past one month. Year-to-date it is 21.48% up and over the past year, the stock is showing an upside performance of 86.19%.

Currently, Cellebrite DI Ltd’s total number of outstanding shares is 203.23M. Company’s return on equity (ROE) at -1768.51%. It has a 44.44 of forward P/E ratio. Stock’s beta reads 1.48. Stock has a price to sale or P/S ratio amounts to 6.29. Its return on asset (ROA) is -23.76% on average.