Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Ceragon Networks Ltd (NASDAQ: CRNT) was $4.73 for the day, down -2.67% from the previous closing price of $4.86. In other words, the price has decreased by -$2.67 from its previous closing price. On the day, 1.88 million shares were traded. CRNT stock price reached its highest trading level at $4.84 during the session, while it also had its lowest trading level at $4.585.
Ratios:
Our analysis of CRNT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.78. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 406167456 and an Enterprise Value of 260594752. As of this moment, Ceragon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.72, and their Forward P/E ratio for the next fiscal year is 12.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.05 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 0.719 whereas that against EBITDA is 6.535.
Stock Price History:
Over the past 52 weeks, CRNT has reached a high of $5.07, while it has fallen to a 52-week low of $2.07. The 50-Day Moving Average of the stock is 28.53%, while the 200-Day Moving Average is calculated to be 59.03%.
Shares Statistics:
CRNT traded an average of 1.33M shares per day over the past three months and 1612510 shares per day over the past ten 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 0.32, compared to 1727654400 on 112318. Therefore, it implies a Short% of Shares Outstanding of 85925 and a Short% of Float of 0.1.
