The stock price of Ceragon Networks Ltd (NASDAQ: CRNT) has surged by 0.67 when compared to previous closing price of 2.98, but the company has seen a 4.17% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-20 that Ceragon (CRNT) made it through our ‘Fast-Paced Momentum at a Bargain’ screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Is It Worth Investing in Ceragon Networks Ltd (NASDAQ: CRNT) Right Now?
The price-to-earnings ratio for Ceragon Networks Ltd (NASDAQ: CRNT) is above average at 25.23x. The 36-month beta value for CRNT is also noteworthy at 1.36. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CRNT is 68.07M, and at present, short sellers hold a 0.32% of that float. The average trading volume of CRNT on August 23, 2024 was 335.14K shares.
CRNT’s Market Performance
The stock of Ceragon Networks Ltd (CRNT) has seen a 4.17% increase in the past week, with a 9.89% rise in the past month, and a 12.78% gain in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are at 4.61% for CRNT. The simple moving average for the past 20 days is 7.47% for CRNT’s stock, with a 16.75% simple moving average for the past 200 days.
Analysts’ Opinion of CRNT
Many brokerage firms have already submitted their reports for CRNT stocks, with Aegis Capital repeating the rating for CRNT by listing it as a “Buy.” The predicted price for CRNT in the upcoming period, according to Aegis Capital is $6 based on the research report published on September 16, 2021 of the previous year 2021.
Needham, on the other hand, stated in their research note that they expect to see CRNT reach a price target of $4.50. The rating they have provided for CRNT stocks is “Buy” according to the report published on May 04th, 2021.
CRNT Trading at 13.47% from the 50-Day Moving Average
After a stumble in the market that brought CRNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.24% of loss for the given period.
Volatility was left at 4.61%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares surge +11.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.96% upper at present.
During the last 5 trading sessions, CRNT rose by +5.38%, which changed the moving average for the period of 200-days by +76.45% in comparison to the 20-day moving average, which settled at $2.81. In addition, Ceragon Networks Ltd saw 38.89% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRNT starting from Ripstein David, who proposed sale 4,900 shares at the price of $2.92 back on Aug 22 ’24. After this action, Ripstein David now owns shares of Ceragon Networks Ltd, valued at $14,308 using the latest closing price.
Querner Mario Sven, the Officer of Ceragon Networks Ltd, proposed sale 3,400 shares at $2.82 during a trade that took place back on Aug 13 ’24, which means that Querner Mario Sven is holding shares at $9,588 based on the most recent closing price.
Stock Fundamentals for CRNT
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.35 for the gross margin
The net margin for Ceragon Networks Ltd stands at 0.03. The total capital return value is set at 0.17. Equity return is now at value 7.71, with 3.50 for asset returns.
Based on Ceragon Networks Ltd (CRNT), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 2.93.
Currently, EBITDA for the company is 33.19 million with net debt to EBITDA at 0.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.76. The receivables turnover for the company is 3.21for trailing twelve months and the total asset turnover is 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.
Conclusion
In summary, Ceragon Networks Ltd (CRNT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
