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

Cellebrite DI Ltd (CLBT) concluded trading on Wednesday at a closing price of $12.79, with 2.98 million shares of worth about $38.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 59.08% during that period and on July 17, 2024 the price saw a gain of about 6.05%. Currently the company’s common shares owned by public are about 203.23M shares, out of which, 61.29M shares are available for trading.

Stock saw a price change of 10.16% in past 5 days and over the past one month there was a price change of 5.62%. Year-to-date (YTD), CLBT shares are showing a performance of 47.69% which increased to 78.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.36 but also hit the highest price of $12.67 during that period. The average intraday trading volume for Cellebrite DI Ltd shares is 1.06 million. The stock is currently trading 7.25% above its 20-day simple moving average (SMA20), while that difference is up 10.96% for SMA50 and it goes to 30.34% higher than SMA200.

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Cellebrite DI Ltd (NASDAQ: CLBT) currently have 203.23M outstanding shares and institutions hold larger chunk of about 30.60% of that.

The stock has a current market capitalization of $2.63B and its 3Y-monthly beta is at 1.48. It has posted earnings per share of -$0.58 in the same period. It has Quick Ratio of 1.55. 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 3.22% while standing at 2.76% over the month.

Stock’s fiscal year EPS is expected to rise by 52.09% while it is estimated to increase by 220.03% 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 Needham on March 28, 2024 offering a Buy rating for the stock and assigned a target price range of between $13 and $13.50 to it. On February 16, 2024, BofA Securities Upgrade their recommendations, while on July 19, 2023, Craig Hallum Initiated their ratings for the stock with a price target of $11. Stock get a Mkt perform rating from William Blair on August 12, 2022.

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