On Monday, Ceragon Networks Ltd (NASDAQ: CRNT) opened lower -7.90% from the last session, before settling in for the closing price of $4.81. Price fluctuations for CRNT have ranged from $2.33 to $5.73 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 5.45%. Company’s average yearly earnings per share was noted 86.67% at the time writing. 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
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. 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 13 ’24, was worth 33,512. Before that another transaction happened on Dec 11 ’24, when Company’s Director proposed sale 10,000 for $4.50, making the entire transaction worth $45,000.
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.
Ceragon Networks Ltd (NASDAQ: CRNT) Trading Performance Indicators
Check out the current performance indicators for Ceragon Networks Ltd (CRNT). In the past quarter, the stock posted a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.01. Likewise, its price to free cash flow for the trailing twelve months is 17.11.
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 3.3 million, its volume of 3.76 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 25.52%. Additionally, its Average True Range was 0.38.
During the past 100 days, Ceragon Networks Ltd’s (CRNT) raw stochastic average was set at 61.82%, which indicates a significant increase from 14.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.80% in the past 14 days, which was higher than the 66.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.93, while its 200-day Moving Average is $3.02. Nevertheless, the first resistance level for the watch stands at $4.60 in the near term. At $4.77, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.90. If the price goes on to break the first support level at $4.31, it is likely to go to the next support level at $4.18. Now, if the price goes above the second support level, the third support stands at $4.01.
Ceragon Networks Ltd (NASDAQ: CRNT) Key Stats
There are currently 85,418K shares outstanding in the company with a market cap of 380.41 million. Presently, the company’s annual sales total 347,180 K according to its annual income of 6,220 K. Last quarter, the company’s sales amounted to 102,670 K and its income totaled 12,220 K.
