On May 22, 2023, Perion Network Ltd. (NASDAQ: PERI) opened at $31.10, higher 3.75% from the last session. During the day, the shares moved up to $32.5899 and dropped to $30.85 before settling in for the closing price of $30.63. Price fluctuations for PERI have ranged from $16.41 to $42.75 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 18.50%. Company’s average yearly earnings per share was noted 101.70% at the time writing. With a float of $40.35 million, this company’s outstanding shares have now reached $46.38 million.
Let’s determine the extent of company efficiency that accounts for 440 employees. In terms of profitability, gross margin is +34.89, operating margin of +17.05, and the pretax margin is +17.75.
Perion Network Ltd. (PERI) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Perion Network Ltd. is 36.50%, while institutional ownership is 45.30%.
Perion Network Ltd. (PERI) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.48 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.43) by $0.05. This company achieved a net margin of +15.50 while generating a return on equity of 18.90. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 101.70% per share during the next fiscal year.
Perion Network Ltd. (NASDAQ: PERI) Trading Performance Indicators
Check out the current performance indicators for Perion Network Ltd. (PERI). In the past quarter, the stock posted a quick ratio of 2.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.29. Likewise, its price to free cash flow for the trailing twelve months is 13.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.21, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 2.57 in one year’s time.
Technical Analysis of Perion Network Ltd. (PERI)
Looking closely at Perion Network Ltd. (NASDAQ: PERI), its last 5-days average volume was 1.18 million, which is a jump from its year-to-date volume of 0.78 million. As of the previous 9 days, the stock’s Stochastic %D was 13.94%. Additionally, its Average True Range was 1.55.
During the past 100 days, Perion Network Ltd.’s (PERI) raw stochastic average was set at 41.20%, which indicates a significant increase from 17.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.76% in the past 14 days, which was higher than the 41.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.34, while its 200-day Moving Average is $28.50. However, in the short run, Perion Network Ltd.’s stock first resistance to watch stands at $32.63. Second resistance stands at $33.48. The third major resistance level sits at $34.37. If the price goes on to break the first support level at $30.89, it is likely to go to the next support level at $30.00. Now, if the price goes above the second support level, the third support stands at $29.15.
Perion Network Ltd. (NASDAQ: PERI) Key Stats
There are currently 46,172K shares outstanding in the company with a market cap of 1.51 billion. Presently, the company’s annual sales total 640,260 K according to its annual income of 99,230 K. Last quarter, the company’s sales amounted to 145,150 K and its income totaled 23,790 K.
