In the past week, CRNT stock has gone up by 15.14%, with a monthly gain of 97.93% and a quarterly surge of 80.08%. The volatility ratio for the week is 7.62%, and the volatility levels for the last 30 days are 8.32% for Ceragon Networks Ltd. The simple moving average for the past 20 days is 31.59% for CRNT’s stock, with a 68.94% simple moving average for the past 200 days.
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 21.99x. The 36-month beta value for CRNT is also noteworthy at 1.62. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CRNT is 68.30M, and at present, short sellers hold a 0.06% of that float. The average trading volume of CRNT on December 09, 2024 was 812.64K shares.
CRNT) stock’s latest price update
Ceragon Networks Ltd (NASDAQ: CRNT)’s stock price has gone rise by 11.40 in comparison to its previous close of 4.30, however, the company has experienced a 15.14% increase in its stock price over the last five trading days. zacks.com reported 2024-12-09 that The fast-track 5G rollout and solid wireless traction should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. VOD, KT and CRNT are well-positioned to make the most of the demand for seamless connectivity solutions.
Analysts’ Opinion of CRNT
Many brokerage firms have already submitted their reports for CRNT stocks, with ROTH MKM repeating the rating for CRNT by listing it as a “Buy.” The predicted price for CRNT in the upcoming period, according to ROTH MKM is $4.50 based on the research report published on October 28, 2024 of the current year 2024.
Aegis Capital, on the other hand, stated in their research note that they expect to see CRNT reach a price target of $6. The rating they have provided for CRNT stocks is “Buy” according to the report published on September 16th, 2021.
Needham gave a rating of “Buy” to CRNT, setting the target price at $4.50 in the report published on May 04th of the previous year.
CRNT Trading at 60.64% 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 able to rebound, for now settling with 1.91% of gains for the given period.
Volatility was left at 8.32%, however, over the last 30 days, the volatility rate increased by 7.62%, as shares surge +100.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +78.02% upper at present.
During the last 5 trading sessions, CRNT rose by +16.83%, which changed the moving average for the period of 200-days by +70.53% in comparison to the 20-day moving average, which settled at $3.64. In addition, Ceragon Networks Ltd saw 121.76% 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 BEN-HAMOU RONEN, who proposed sale 22,977 shares at the price of $4.39 back on Dec 04 ’24. After this action, BEN-HAMOU RONEN now owns shares of Ceragon Networks Ltd, valued at $100,869 using the latest closing price.
Ripstein David, the Director of Ceragon Networks Ltd, proposed sale 1,191 shares at $4.16 during a trade that took place back on Dec 03 ’24, which means that Ripstein David is holding shares at $4,955 based on the most recent closing price.
Stock Fundamentals for CRNT
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.35 for the gross margin
The net margin for Ceragon Networks Ltd stands at 0.05. The total capital return value is set at 0.2. Equity return is now at value 13.38, with 6.23 for asset returns.
Based on Ceragon Networks Ltd (CRNT), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 1.41. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 5.6.
Currently, EBITDA for the company is 30.25 million with net debt to EBITDA at 0.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.12. The receivables turnover for the company is 2.69for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
In summary, Ceragon Networks Ltd (CRNT) has had a better performance as of late. Analysts have bullish 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.
