Ceragon Networks Ltd. (CRNT) 14-day ATR is 0.21: This Stock is Set to Soar Above its Peers

Ceragon Networks Ltd. (NASDAQ: CRNT) started the day on April 15, 2021, with a price increase of 1.64% at $3.71. During the day, the stock rose to $3.71 and sunk to $3.53 before settling in for the price of $3.65 at the close. Taking a more long-term approach, CRNT posted a 52-week range of $1.86-$6.90.

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The Technology Sector giants’ yearly sales growth during the last 5-year period was -5.50%. Meanwhile, its Annual Earning per share during the time was -6.19%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -621.50%. This publicly-traded company’s shares outstanding now amounts to $81.54 million, simultaneously with a float of $61.44 million. The organization now has a market capitalization sitting at $318.10 million. At the time of writing, stock’s 50-day Moving Average stood at $4.35, while the 200-day Moving Average is $3.13.

While finding the extent of efficiency of the company that is accounted for 1019 employees. It has generated 257,979 per worker during the last fiscal year. Meanwhile, its income per employee was -16,773. The stock had 2.32 Receivables turnover and 0.94 Total Asset turnover. For the Profitability, stocks gross margin was +28.78, operating margin was -2.88 and Pretax Margin of -5.13.

Ceragon Networks Ltd. (CRNT) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Communication Equipment Industry. Ceragon Networks Ltd.’s current insider ownership accounts for 21.70%, in contrast to 13.20% institutional ownership.

Ceragon Networks Ltd. (CRNT) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 12/30/2020, the organization reported -$0.04 earnings per share (EPS) for the three months, lower than the consensus estimate (set at $0) by -$0.04. This company achieved a net margin of -6.50 while generating a return on equity of -11.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.

Ceragon Networks Ltd.’s EPS decrease for this current 12-month fiscal period is -621.50% and is forecasted to reach 0.15 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 15.00% through the next 5 years, which can be compared against the -6.19% growth it accomplished over the previous five years trading on the market.

Ceragon Networks Ltd. (NASDAQ: CRNT) Trading Performance Indicators

Let’s observe the current performance indicators for Ceragon Networks Ltd. (CRNT). It’s Quick Ratio in the last reported quarter now stands at 1.50. The Stock has managed to achieve an average true range (ATR) of 0.21. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.21. Similarly, its price to free cash flow for trailing twelve months is now 28.66.

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In the same vein, CRNT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.21, a figure that is expected to reach -0.04 in the next quarter, and analysts are predicting that it will be 0.15 at the market close of one year from today.

Technical Analysis of Ceragon Networks Ltd. (CRNT)

If we take a close look at the recent performances of Ceragon Networks Ltd. (NASDAQ: CRNT), its last 5-days Average volume was 1.12 million that shows plunge from its year to date volume of 4.43 million. During the previous 9 days, stock’s Stochastic %D was recorded 33.97% While, its Average True Range was 0.19.

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Raw Stochastic average of Ceragon Networks Ltd. (CRNT) in the period of the previous 100 days is set at 30.24%, which indicates a major fall in contrast to 40.38% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 36.09% that was lower than 117.51% volatility it exhibited in the past 100-days period.

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