Ceragon Networks Ltd (NASDAQ: CRNT) is 47.69% higher on its value in year-to-date trading and has touched a low of $1.75 and a high of $3.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRNT stock was last observed hovering at around $3.12 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $3.19, the stock is 21.48% and 21.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 2.24% at the moment leaves the stock 16.10% off its SMA200. CRNT registered 73.37% gain for a year compared to 6-month loss of 16.42%. The firm has a 50-day simple moving average (SMA 50) of $2.6234 and a 200-day simple moving average (SMA200) of $2.7477.
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The stock witnessed a 24.12% gain in the last 1 month and extending the period to 3 months gives it a 7.05%, and is 14.34% 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 9.09% over the week and 5.53% over the month.
Ceragon Networks Ltd (CRNT) has around 1407 employees, a market worth around $273.93M and $377.62M in sales. Current P/E ratio is 14.65 and Fwd P/E is 7.69. Profit margin for the company is 5.10%. Distance from 52-week low is 82.29% and -5.62% from its 52-week high. The company has generated returns on investments over the last 12 months (11.29%).
The EPS is expected to grow by 77.50% this year
The shares outstanding are 85.42M, and float is at 68.30M with Short Float at 0.13%.
The top institutional shareholder in the company is FIRST WILSHIRE SECURITIES MANAGEMENT INC with over 2.99 million shares valued at $7.48 million. The investor’s holdings represent 3.5 of the CRNT Shares outstanding. As of 2024-06-30, the second largest holder is ACADIAN ASSET MANAGEMENT LLC with 1.96 million shares valued at $4.88 million to account for 2.2862 of the shares outstanding. The other top investors are ESSEX INVESTMENT MANAGEMENT CO LLC which holds 1.25 million shares representing 1.459 and valued at over $3.12 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 0.9868 of the shares totaling 0.84 million with a market value of $2.11 million.
Ceragon Networks Ltd (CRNT) Insider Activity
Still, SEC filings show that on Sep 05 ’24, Alvarez Murillo Carlos Eduardo (Officer) Proposed Sale 40,080 shares at an average price of $2.94 for $0.12 million. The insider now directly holds shares of Ceragon Networks Ltd (CRNT).
