Cellebrite DI Ltd (NASDAQ: CLBT): Analyst View Points To Future Growth

Cellebrite DI Ltd (CLBT) concluded trading on Thursday at a closing price of $10.74, with 3.04 million shares of worth about $32.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.48% during that period and on Thursday the price saw a gain of about 10.95%. Currently the company’s common shares owned by public are about 187.68M shares, out of which, 62.43M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

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However, the stock later moved at a day high price of 10.75, or with a gain of 10.95%. Stock saw a price change of 14.01% in past 5 days and over the past one month there was a price change of 30.50%. Year-to-date (YTD), CLBT shares are showing a performance of 24.02% which increased to 107.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.22 but also hit the highest price of $9.70 during that period. The average intraday trading volume for Cellebrite DI Ltd shares is 888.34K. The stock is currently trading 17.47% above its 20-day simple moving average (SMA20), while that difference is up 23.66% for SMA50 and it goes to 44.07% higher than SMA200.

Cellebrite DI Ltd (NASDAQ: CLBT) currently have 187.68M outstanding shares and institutions hold larger chunk of about 25.30% of that.

The stock has a current market capitalization of $2.12B and its 3Y-monthly beta is at 1.45. It has posted earnings per share of -$0.32 in the same period. It has Quick Ratio of 1.58 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CLBT, volatility over the week remained 4.41% while standing at 3.35% over the month.

Analysts are in expectations that Cellebrite DI Ltd (CLBT) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.05 and it is $0.26 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.05 which is $0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 144.57% while it is estimated to increase by 21.71% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on July 19, 2023 offering a Buy rating for the stock and assigned a target price of $11 to it.

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