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After finishing at $2.45 in the prior trading day, Ceragon Networks Ltd (NASDAQ: CRNT) closed at $2.40, down -2.04%. In other words, the price has decreased by -$2.04 from its previous closing price. On the day, 0.76 million shares were traded. CRNT stock price reached its highest trading level at $2.46 during the session, while it also had its lowest trading level at $2.325.
Ratios:
Our goal is to gain a better understanding of CRNT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.21. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.09.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 05 ’24 when Alvarez Murillo Carlos Eduardo bought 40,080 shares for $2.94 per share.
Rotstein Ronen bought 33,036 shares of CRNT for $99,438 on Aug 27 ’24. On Aug 26 ’24, another insider, Zimerman Oz, who serves as the Executive Vice President, Glob of the company, bought 15,525 shares for $3.08 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 206089200 and an Enterprise Value of 224529152. As of this moment, Ceragon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.19, and their Forward P/E ratio for the next fiscal year is 5.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 0.62 whereas that against EBITDA is 5.631.
Stock Price History:
Over the past 52 weeks, CRNT has reached a high of $3.38, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is -9.06%, while the 200-Day Moving Average is calculated to be -12.22%.
Shares Statistics:
The stock has traded on average 340.59K shares per day over the past 3-months and 447260 shares per day over the last 10 days, according to various share statistics. A total of 85.42M shares are outstanding, with a floating share count of 68.30M. Insiders hold about 20.46% of the company’s shares, while institutions hold 14.92% stake in the company. Shares short for CRNT as of 1728950400 were 79384 with a Short Ratio of 0.23, compared to 1726185600 on 140501. Therefore, it implies a Short% of Shares Outstanding of 79384 and a Short% of Float of 0.09000000400000001.
