Ceragon Networks Ltd (NASDAQ:CRNT) price on Friday, March 21, rose 0.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.53.
A look at the stock’s price movement, the close in the last trading session was $2.51, moving within a range at $2.49 and $2.555. The beta value (5-Year monthly) was 1.627 while the PE ratio in trailing twelve months stood at 9.30. Turning to its 52-week performance, $5.73 and $2.33 were the 52-week high and 52-week low respectively. Overall, CRNT moved -20.94% over the past month.
Ceragon Networks Ltd’s market cap currently stands at around $217.25 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-10.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CRNT is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend CRNT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CRNT’s current price about -4.53% and -31.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.48, while 7-day volatility ratio is 3.82% and 6.02% in the 30-day chart. Further, Ceragon Networks Ltd (CRNT) has a beta value of 1.58, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -97.63% off current price level while to achieve the yearly target high, price needs to move -97.63%. Nonetheless, investors will most likely welcome a -97.63% jump to $5 which is the analysts’ median price.
If we refocus on Ceragon Networks Ltd (NASDAQ:CRNT), historical trading data shows that trading volumes averaged 1.09 over the past 10 days and 2.14 million over the past 3 months. The company’s latest data on shares outstanding shows there are 85.87 million shares.
The 26.03% of Ceragon Networks Ltd’s shares are in the hands of company insiders while institutional holders own 21.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.4 million on 2025-02-28, giving us a short ratio of 0.15. The data shows that as of 2025-02-28 short interest in Ceragon Networks Ltd (CRNT) stood at 47.0 of shares outstanding, with shares short rising to 0.25 million registered in 2025-01-31. Current price change has pushed the stock -45.82% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CRNT stock continues to rise going into the next quarter.
