In the past week, PERI stock has gone up by 7.86%, with a monthly decline of -40.76% and a quarterly plunge of -56.58%. The volatility ratio for the week is 3.23%, and the volatility levels for the last 30 days are 4.94% for Perion Network Ltd. The simple moving average for the past 20 days is -1.81% for PERI’s stock, with a -53.12% simple moving average for the past 200 days.
Is It Worth Investing in Perion Network Ltd. (NASDAQ: PERI) Right Now?
Perion Network Ltd. (NASDAQ: PERI) has a higher price-to-earnings ratio of 5.44x compared to its average ratio. PERI has 36-month beta value of 1.43. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PERI is 48.18M, and currently, short sellers hold a 3.76% ratio of that float. The average trading volume of PERI on May 02, 2024 was 1.04M shares.
PERI) stock’s latest price update
The stock of Perion Network Ltd. (NASDAQ: PERI) has increased by 0.23 when compared to last closing price of 12.72.Despite this, the company has seen a gain of 7.86% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that Perion Network (PERI) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of PERI
Many brokerage firms have already submitted their reports for PERI stocks, with ROTH MKM repeating the rating for PERI by listing it as a “Neutral.” The predicted price for PERI in the upcoming period, according to ROTH MKM is $13 based on the research report published on April 09, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see PERI reach a price target of $16. The rating they have provided for PERI stocks is “Hold” according to the report published on April 08th, 2024.
PERI Trading at -31.72% from the 50-Day Moving Average
After a stumble in the market that brought PERI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.47% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares sank -40.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.88% lower at present.
During the last 5 trading sessions, PERI rose by +7.53%, which changed the moving average for the period of 200-days by -64.64% in comparison to the 20-day moving average, which settled at $12.55. In addition, Perion Network Ltd. saw -58.70% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PERI
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.36 for the gross margin
The net margin for Perion Network Ltd. stands at 0.16. The total capital return value is set at 0.16. Equity return is now at value 18.05, with 12.00 for asset returns.
Based on Perion Network Ltd. (PERI), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 20.05. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -34.67.
Currently, EBITDA for the company is 149.53 million with net debt to EBITDA at -1.09. When we switch over and look at the enterprise to sales, we see a ratio of 0.59. The receivables turnover for the company is 3.21for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.
Conclusion
To put it simply, Perion Network Ltd. (PERI) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
