A new trading day began on Monday, with Ceragon Networks Ltd (NASDAQ: CRNT) stock price up 9.77% from the previous day of trading, before settling in for the closing price of $4.30. CRNT’s price has ranged from $1.83 to $4.70 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 0.97%. Meanwhile, its annual earnings per share averaged 86.67%. With a float of $68.30 million, this company’s outstanding shares have now reached $85.64 million.
Considering the fact that the conglomerate employs 1407 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 34.73%, operating margin of 9.8%, and the pretax margin is 6.19%.
Ceragon Networks Ltd (CRNT) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Communication Equipment Industry. The insider ownership of Ceragon Networks Ltd is 20.46%, while institutional ownership is 16.71%. The most recent insider transaction that took place on Dec 04 ’24, was worth 100,869. Before that another transaction happened on Dec 03 ’24, when Company’s Director proposed sale 1,191 for $4.16, making the entire transaction worth $4,955.
Ceragon Networks Ltd (CRNT) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 86.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -24.32% drop over the previous five years of trading.
Ceragon Networks Ltd (NASDAQ: CRNT) Trading Performance Indicators
Here are Ceragon Networks Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.09. Likewise, its price to free cash flow for the trailing twelve months is 18.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.22, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.39 in one year’s time.
Technical Analysis of Ceragon Networks Ltd (CRNT)
Compared to the last year’s volume of 0.58 million, its volume of 2.15 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 66.59%. Additionally, its Average True Range was 0.30.
During the past 100 days, Ceragon Networks Ltd’s (CRNT) raw stochastic average was set at 89.53%, which indicates a significant increase from 86.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.40% in the past 14 days, which was higher than the 59.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.98, while its 200-day Moving Average is $2.83. Nevertheless, the first resistance level for the watch stands at $5.01 in the near term. At $5.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.60. If the price goes on to break the first support level at $4.42, it is likely to go to the next support level at $4.12. Now, if the price goes above the second support level, the third support stands at $3.83.
Ceragon Networks Ltd (NASDAQ: CRNT) Key Stats
With a market capitalization of 412.01 million, the company has a total of 85,418K Shares Outstanding. Currently, annual sales are 347,180 K while annual income is 6,220 K. The company’s previous quarter sales were 102,670 K while its latest quarter income was 12,220 K.
