Ceragon Networks Ltd (NASDAQ: CRNT) is -45.82% 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 $2.68 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $2.53, the stock is -24.80% and -39.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -5.60% at the moment leaves the stock -21.24% off its SMA200. CRNT registered -15.95% loss for a year compared to 6-month gain of -13.80%.
The stock witnessed a -47.51% loss in the last 1 month and extending the period to 3 months gives it a -39.18%, and is -9.64% 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 7.04% over the week and 7.44% over the month.
Ceragon Networks Ltd (CRNT) has around 1407 employees, a market worth around $217.25M and $394.19M in sales. Current P/E ratio is 9.30 and Fwd P/E is 6.17. Profit margin for the company is 6.10%. Distance from 52-week low is 8.82% and -55.85% from its 52-week high. The company has generated returns on investments over the last 12 months (13.42%).
with sales reaching $87.14M over the same period.The EPS is expected to shrink by -30.08% this year, but quarterly earnings will post 1.33% year-over-year. Quarterly sales are estimated to shrink -1.53% in year-over-year returns.
The shares outstanding are 85.87M, and float is at 63.52M with Short Float at 1.15%.
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
Still, SEC filings show that on Feb 18 ’25, Klomek Alon (Officer) Proposed Sale 23,743 shares at an average price of $3.46 for $82151.0. The insider now directly holds shares of Ceragon Networks Ltd (CRNT).
