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Are we looking at the next big move in Perion Network Ltd. (PERI)?

Perion Network Ltd. (NASDAQ: PERI) is -21.46% lower on its value in year-to-date trading and has touched a low of $16.41 and a high of $33.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PERI stock was last observed hovering at around $19.08 in the last trading session, with the day’s loss setting it -0.19% off its average median price target of $30.50 for the next 12 months. It is also 47.53% off the consensus price target high of $36.00 offered by 6 analysts, but current levels are 24.44% higher than the price target low of $25.00 for the same period.

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Currently trading at $18.89, the stock is 1.62% and 0.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing -1.00% at the moment leaves the stock -13.93% off its SMA200. PERI registered 0.48% gain for a year compared to 6-month loss of 1.23%. The firm has a 50-day simple moving average (SMA 50) of $1.06 and a 200-day simple moving average (SMA200) of $7.89.

The stock witnessed a 1.72% gain in the last 1 month and extending the period to 3 months gives it a -15.86%, and is 5.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.82% over the week and 4.02% over the month.

Perion Network Ltd. (PERI) has around 420 employees, a market worth around $895.01M and $514.00M in sales. Current P/E ratio is 15.30 and Fwd P/E is 11.60. Profit margin for the company is 9.90%. Distance from 52-week low is 15.15% and -42.92% from its 52-week high. The company has generated returns on investments over the last 12 months (8.40%).

Perion Network Ltd. (PERI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Perion Network Ltd. (PERI) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Perion Network Ltd. is expected to release its quarterly report on 11/10/2022.The EPS is expected to grow by 188.20% this year.

Perion Network Ltd. (PERI) Top Institutional Holders

The shares outstanding are 44.04M, and float is at 39.95M with Short Float at 1.87%.

Perion Network Ltd. (PERI): Who are the competitors?

The company’s main competitors (and peers) include Alphabet Inc. (GOOGL) that is trading -19.17% down over the past 12 months. Microsoft Corporation (MSFT) is -10.65% down on the 1-year trading charts.

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