Ceragon Networks Ltd (NASDAQ: CRNT) is 71.30% 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 $3.23 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $3.70, the stock is 35.75% and 39.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing 14.55% at the moment leaves the stock 34.25% off its SMA200. CRNT registered 107.87% gain for a year compared to 6-month loss of 37.04%. The firm has a 50-day simple moving average (SMA 50) of $2.6526 and a 200-day simple moving average (SMA200) of $2.7562.
The stock witnessed a 49.80% gain in the last 1 month and extending the period to 3 months gives it a 22.92%, and is 36.53% 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 8.97% over the week and 6.23% over the month.
Ceragon Networks Ltd (CRNT) has around 1407 employees, a market worth around $363.95M and $377.62M in sales. Current P/E ratio is 16.99 and Fwd P/E is 8.92. Profit margin for the company is 5.10%. Distance from 52-week low is 111.43% and 9.47% from its 52-week high. The company has generated returns on investments over the last 12 months (11.29%).
with sales reaching $106.36M over the same period.The EPS is expected to grow by 77.50% this year, but quarterly earnings will post 13.38% year-over-year. Quarterly sales are estimated to grow 17.71% in year-over-year returns.
Ceragon Networks Ltd (CRNT) Top Institutional Holders
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
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Still, SEC filings show that on Nov 21 ’24, Ripstein David (Director) Proposed Sale 4,000 shares at an average price of $3.19 for $12760.0. The insider now directly holds shares of Ceragon Networks Ltd (CRNT).
