Ceragon Networks Ltd (NASDAQ:CRNT) does about 1.01M shares in volume on a normal day but saw 1577497 shares change hands in the recent trading day. The company now has a market cap of 415.66M USD. Its current market price is $4.79, marking an increase of 1.05% compared to the previous close of $4.74. The 52 week high reached by this stock is $5.00 whilst the lowest price level in 52 weeks is $1.83.
Ceragon Networks Ltd (CRNT) has a 20-day trading average at $4.05 and the current price is -4.20% off the 52-week high compared with 161.75% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.15 and its 200-day simple moving average is $2.87. If we look at the stock’s price movements over the week, volatility stands at 9.58%, which decreases to 9.12% 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 69.91 to suggest the stock is neutral.
The consensus objective for the share price is $6.83, suggesting that the stock has a potential upside of 29.87% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 28, 2024 when ROTH MKM initiated the stock to “Buy” and issued a price target of $4.50. Needham upgraded its price target at $4.50.
The current price level is 18.32%, 52.06%, and 66.93% away from its SMA20, SMA50, and SMA200 respectively, with the CRNT price moving below the 50-day SMA on current market day. Ceragon Networks Ltd (CRNT) stock is up 11.40% over the week and 71.68% over the past month. Its price is 121.76% year-to-date and 149.48% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.1 and 0.37 for whole year. Expected sales for next quarter are $96.98M, which analysts say will come at $392.43M for the current fiscal year and next year at $415.12M. In addition, estimates put the company’s current quarterly revenue at an average of $105.16M.
To reach the target analysts have set, the stock logically needs to grow 29.87 percent from here.
The company has a return on investment of 11.29% and return on equity of 13.38%. The price to earnings ratio (P/E ratio) amounts to 21.99 while the forward price to earnings ratio is 12.28. The beta has a value of 1.62. Price to book ratio is 2.61 and price to sales ratio is 1.10.
