Ceragon Networks Ltd (NASDAQ: CRNT) is -25.91% lower on its value in year-to-date trading and has touched a low of $2.33 and a high of $5.73 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 CRNT stock was last observed hovering at around $3.54 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $3.46, the stock is -23.68% and -25.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.0 million and changing -2.26% at the moment leaves the stock 7.94% off its SMA200. CRNT registered 37.85% gain for a year compared to 6-month gain of 21.40%. The firm has a 50-day simple moving average (SMA 50) of $4.6168 and a 200-day simple moving average (SMA200) of $3.2056.
The stock witnessed a -26.07% loss in the last 1 month and extending the period to 3 months gives it a 35.16%, and is -30.94% down 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 8.69% over the week and 6.77% over the month.
Ceragon Networks Ltd (CRNT) has around 1407 employees, a market worth around $297.11M and $394.19M in sales. Current P/E ratio is 12.72 and Fwd P/E is 8.44. Profit margin for the company is 6.10%. Distance from 52-week low is 48.82% and -39.62% from its 52-week high. The company has generated returns on investments over the last 12 months (13.42%).
with sales reaching $92.48M over the same period.The EPS is expected to shrink by -17.89% this year, but quarterly earnings will post 2.94% year-over-year. Quarterly sales are estimated to grow 4.50% in year-over-year returns.
Ceragon Networks Ltd (CRNT) Top Institutional Holders
The shares outstanding are 85.87M, and float is at 68.30M with Short Float at 0.36%.
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 3.4909% 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 2.2802 of the shares outstanding. The other top investors are ESSEX INVESTMENT MANAGEMENT CO LLC which holds 1.25 million shares representing 1.4552% and valued at over $3.12 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 0.9842 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 Dec 10 ’24, Querner Mario Sven (Regional President, Asia-Pacif) Proposed Sale 18,750 shares at an average price of $4.72 for $88500.0. The insider now directly holds shares of Ceragon Networks Ltd (CRNT).
