Ceragon Networks Ltd (NASDAQ: CRNT) is -47.75% lower on its value in year-to-date trading and has touched a low of $2.29 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 $2.36 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $2.44, the stock is -2.77% and -27.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.55 million and changing 3.39% at the moment leaves the stock -23.77% off its SMA200. CRNT registered -20.52% loss for a year compared to 6-month loss of -10.95%. The firm has a 50-day simple moving average (SMA 50) of $3.345 and a 200-day simple moving average (SMA200) of $3.20095.
The stock witnessed a -8.61% gain in the last 1 month and extending the period to 3 months gives it a -47.41%, and is -2.01% 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 5.08% over the week and 4.96% over the month.
Ceragon Networks Ltd (CRNT) has around 1456 employees, a market worth around $216.77M and $394.19M in sales. Current P/E ratio is 8.97 and Fwd P/E is 6.00. Profit margin for the company is 6.10%. Distance from 52-week low is 6.55% and -57.42% from its 52-week high. The company has generated returns on investments over the last 12 months (13.42%).
The EPS is expected to shrink by -31.10% this year
101.0 institutions hold shares in Ceragon Networks Ltd (CRNT), with institutional investors hold 25.57% of the company’s shares. The shares outstanding are 88.39M, and float is at 65.72M with Short Float at 0.85%. Institutions hold 20.93% of the Float.
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 Mar 25 ’25, Klomek Alon (Officer) Proposed Sale 10,000 shares at an average price of $2.56 for $25600.0. The insider now directly holds shares of Ceragon Networks Ltd (CRNT).
