Ceragon Networks Ltd (NASDAQ: CRNT) is 2.87% higher on its value in year-to-date trading and has touched a low of $1.95 and a high of $5.73 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 $2.62 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $2.51, the stock is 3.36% and 5.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -4.20% at the moment leaves the stock -18.23% off its SMA200. CRNT registered -46.25% loss for a year compared to 6-month loss of -54.20%. The firm has a 50-day simple moving average (SMA 50) of $2.3742 and a 200-day simple moving average (SMA200) of $3.0696.
The stock witnessed a 1.62% gain in the last 1 month and extending the period to 3 months gives it a 21.84%, and is -0.79% 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 4.04% over the week and 4.03% over the month.
Ceragon Networks Ltd (CRNT) has around 1456 employees, a market worth around $222.99M and $394.34M in sales. Current P/E ratio is 9.79 and Fwd P/E is 6.20. Profit margin for the company is 5.75%. Distance from 52-week low is 28.72% and -56.20% from its 52-week high. The company has generated returns on investments over the last 12 months (12.64%).
The EPS is expected to shrink by -31.71% this year
94.0 institutions hold shares in Ceragon Networks Ltd (CRNT), with institutional investors hold 21.84% of the company’s shares. The shares outstanding are 88.39M, and float is at 82.63M with Short Float at 1.23%. Institutions hold 18.78% 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.
