Currently, there are 85.64M common shares owned by the public and among those 68.30M shares have been available to trade.
The company’s stock has a 5-day price change of 16.35% and 113.23% over the past three months. CRNT shares are trading 17.34% year to date (YTD), with the 12-month market performance up to 144.64% higher. It has a 12-month low price of $2.11 and touched a high of $5.07 over the same period. CRNT has an average intraday trading volume of 1.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.08%, 46.52%, and 83.49% respectively.
Institutional ownership of Ceragon Networks Ltd (NASDAQ: CRNT) shares accounts for 16.71% of the company’s 85.64M shares outstanding.
It has a market capitalization of $457.99M and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 25.16, while the earnings-per-share (ttm) stands at $0.22. The company has a PEG of 1.68 and a Quick Ratio of 1.32 with the debt-to-equity ratio at 0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.51% over the week and 7.65% over the month.
Earnings per share for the fiscal year are expected to increase by 86.67%, and 4.46% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -24.32% over the past 5-year period.
Looking at the support for the CRNT, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on October 28, 2024, with the firm’s price target at $4.50. Aegis Capital coverage for the Ceragon Networks Ltd (CRNT) stock in a research note released on September 16, 2021 offered a Buy rating with a price target of $6. Oppenheimer on their part issued Outperform rating on February 22, 2021.
