The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The price of Ceragon Networks Ltd (NASDAQ: CRNT) closed at $4.43 in the last session, down -7.90% from day before closing price of $4.81. In other words, the price has decreased by -$7.90 from its previous closing price. On the day, 2.29 million shares were traded. CRNT stock price reached its highest trading level at $4.65 during the session, while it also had its lowest trading level at $4.355.
Ratios:
We take a closer look at CRNT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.77. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on October 28, 2024, initiated with a Buy rating and assigned the stock a target price of $4.50.
On September 16, 2021, Aegis Capital started tracking the stock assigning a Buy rating and target price of $6.
Needham Upgraded its Hold to Buy on May 04, 2021, while the target price for the stock was maintained at $4.50.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 13 ’24 when Ripstein David bought 7,070 shares for $4.74 per share.
Makov Efrat bought 10,000 shares of CRNT for $45,000 on Dec 11 ’24. On Dec 10 ’24, another insider, Querner Mario Sven, who serves as the Regional President, Asia-Pacif of the company, bought 18,750 shares for $4.72 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRNT now has a Market Capitalization of 413036800 and an Enterprise Value of 260594752. As of this moment, Ceragon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.34, and their Forward P/E ratio for the next fiscal year is 11.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 2.41. Its current Enterprise Value per Revenue stands at 0.719 whereas that against EBITDA is 6.535.
Stock Price History:
The Beta on a monthly basis for CRNT is 1.60, which has changed by 0.8571428 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, CRNT has reached a high of $5.73, while it has fallen to a 52-week low of $2.33. The 50-Day Moving Average of the stock is 12.71%, while the 200-Day Moving Average is calculated to be 46.66%.
Shares Statistics:
According to the various share statistics, CRNT traded on average about 1.62M shares per day over the past 3-months and 2665050 shares per day over the past 10 days. A total of 85.64M shares are outstanding, with a floating share count of 68.30M. Insiders hold about 20.46% of the company’s shares, while institutions hold 16.71% stake in the company. Shares short for CRNT as of 1730332800 were 85925 with a Short Ratio of 0.17, compared to 1727654400 on 112318. Therefore, it implies a Short% of Shares Outstanding of 85925 and a Short% of Float of 0.1.
