Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $4.80 in the prior trading day, Ceragon Networks Ltd (NASDAQ: CRNT) closed at $3.77, down -21.46%. In other words, the price has decreased by -$21.46 from its previous closing price. On the day, 8.5 million shares were traded. CRNT stock price reached its highest trading level at $4.24 during the session, while it also had its lowest trading level at $3.75.
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 9.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.56. 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:
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 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 323731776 and an Enterprise Value of 260594752. As of this moment, Ceragon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.31, and their Forward P/E ratio for the next fiscal year is 7.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 2.05. 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 1.56, which has changed by 0.84615386 over the last 52 weeks, in comparison to a change of 0.21313763 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 -19.13%, while the 200-Day Moving Average is calculated to be 18.01%.
Shares Statistics:
The stock has traded on average 2.16M shares per day over the past 3-months and 2178640 shares per day over the last 10 days, according to various share statistics. 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 17.26% stake in the company. Shares short for CRNT as of 1730332800 were 85925 with a Short Ratio of 0.11, compared to 1727654400 on 112318. Therefore, it implies a Short% of Shares Outstanding of 85925 and a Short% of Float of 0.1.
Earnings Estimates
The current assessment of Ceragon Networks Ltd (CRNT) involves the perspectives of 1.0 analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $0.07, with high estimates of $0.1 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.32 and $0.3 for the fiscal current year, implying an average EPS of $0.31. EPS for the following year is $0.41, with 2.0 analysts recommending between $0.42 and $0.4.
Revenue Estimates
3 analysts predict $92.48M in revenue for the current quarter. It ranges from a high estimate of $102M to a low estimate of $86.73M. As of the current estimate, Ceragon Networks Ltd’s year-ago sales were $88.5MFor the next quarter, 3 analysts are estimating revenue of $98.41M. There is a high estimate of $105M for the next quarter, whereas the lowest estimate is $95.1M.
A total of 3 analysts have provided revenue estimates for CRNT’s current fiscal year. The highest revenue estimate was $410M, while the lowest revenue estimate was $403.54M, resulting in an average revenue estimate of $405.78M. In the same quarter a year ago, actual revenue was $394.19MBased on 2 analysts’ estimates, the company’s revenue will be $428.98M in the next fiscal year. The high estimate is $429.2M and the low estimate is $428.76M.
