Ceva Inc (NASDAQ: CEVA) is 42.10% higher on its value in year-to-date trading and has touched a low of $16.02 and a high of $33.44 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 CEVA stock was last observed hovering at around $31.82 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $32.27, the stock is 3.40% and 14.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 1.41% at the moment leaves the stock 39.79% off its SMA200. CEVA registered 39.76% gain for a year compared to 6-month gain of 74.53%. The firm has a 50-day simple moving average (SMA 50) of $27.9486 and a 200-day simple moving average (SMA200) of $23.047.
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The stock witnessed a 6.01% loss in the last 1 month and extending the period to 3 months gives it a 34.40%, and is 0.16% 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 4.62% over the week and 4.02% over the month.
Ceva Inc (CEVA) has around 450 employees, a market worth around $773.22M and $101.88M in sales. Fwd P/E is 58.05. Profit margin for the company is -3.22%. Distance from 52-week low is 101.44% and -3.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.22%).
The EPS is expected to grow by 258.33% this year.
Ceva Inc (CEVA) Top Institutional Holders
232.0 institutions hold shares in Ceva Inc (CEVA), with institutional investors hold 92.70% of the company’s shares. The shares outstanding are 23.63M, and float is at 22.81M with Short Float at 3.41%. Institutions hold 90.28% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.01 million shares valued at $77.39 million. The investor’s holdings represent 17.067% of the CEVA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.59 million shares valued at $50.04 million to account for 11.035 of the shares outstanding. The other top investors are SENVEST MANAGEMENT, LLC which holds 1.99 million shares representing 8.448% and valued at over $38.31 million, while STATE STREET CORP holds 4.5033 of the shares totaling 1.06 million with a market value of $20.42 million.
Ceva Inc (CEVA) Insider Activity
The most recent transaction is an insider sale by SILVER LOUIS, the company’s Director. SEC filings show that SILVER LOUIS sold 3,934 shares of the company’s common stock on Jun 13 ’24 at a price of $20.72 per share for a total of $81512.0. Following the sale, the insider now owns 40576.0 shares.
Ceva Inc disclosed in a document filed with the SEC on Mar 15 ’24 that SILVER LOUIS (Director) sold a total of 4,730 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $23.19 per share for $0.11 million. Following the transaction, the insider now directly holds 40576.0 shares of the CEVA stock.
