Ceragon Networks Ltd (NASDAQ: CRNT)’s stock price has increased by 1.07 compared to its previous closing price of 4.66. However, the company has seen a 4.41% increase in its stock price over the last five trading sessions. zacks.com reported 2024-12-23 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?
Ceragon Networks Ltd (NASDAQ: CRNT) has a higher price-to-earnings ratio of 21.63x compared to its average ratio. CRNT has 36-month beta value of 1.61. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CRNT is 68.30M, and currently, short sellers hold a 0.62% ratio of that float. The average trading volume of CRNT on December 26, 2024 was 1.19M shares.
CRNT’s Market Performance
CRNT’s stock has seen a 4.41% increase for the week, with a 28.11% rise in the past month and a 78.87% gain in the past quarter. The volatility ratio for the week is 6.32%, and the volatility levels for the past 30 days are at 8.16% for Ceragon Networks Ltd The simple moving average for the past 20 days is 5.27% for CRNT’s stock, with a 61.12% simple moving average for the past 200 days.
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 37.66% 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 -5.80% of loss for the given period.
Volatility was left at 8.16%, however, over the last 30 days, the volatility rate increased by 6.32%, as shares surge +16.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +85.43% upper at present.
During the last 5 trading sessions, CRNT rose by +3.74%, which changed the moving average for the period of 200-days by +57.53% in comparison to the 20-day moving average, which settled at $4.47. In addition, Ceragon Networks Ltd saw 119.44% 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 7,070 shares at the price of $4.74 back on Dec 13 ’24. After this action, Ripstein David now owns shares of Ceragon Networks Ltd, valued at $33,512 using the latest closing price.
Makov Efrat, the Director of Ceragon Networks Ltd, proposed sale 10,000 shares at $4.50 during a trade that took place back on Dec 11 ’24, which means that Makov Efrat is holding shares at $45,000 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 1.09. 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
To put it simply, Ceragon Networks Ltd (CRNT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
