Ceva Inc (NASDAQ:CEVA) price on current trading day, rose 18.28% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $38.44.
A look at the stock’s price movement, the close in the last trading session was $32.50. Turning to its 52-week performance, $37.75 and $16.02 were the 52-week high and 52-week low respectively. Overall, CEVA moved 21.26% over the past month.
Ceva Inc’s market cap currently stands at around $908.21 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 26.55M for the company’s revenue for the quarter, with a low and high estimate of 26.5M and 26.71M respectively. The average forecast suggests up to a 20.29% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 116.28M, representing a 8.74% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CEVA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 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, 2 recommend CEVA 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.
CEVA’s current price about 13.96% and 16.41% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.46, while 7-day volatility ratio is 6.01% and 5.14% in the 30-day chart. Further, Ceva Inc (CEVA) has a beta value of 1.34, and an average true range (ATR) of 1.96.
If we refocus on Ceva Inc (NASDAQ:CEVA), historical trading data shows that trading volumes averaged 287.40K over the past 3 months. The company’s latest data on shares outstanding shows there are 23.63 million shares.
The 3.87% of Ceva Inc’s shares are in the hands of company insiders while institutional holders own 88.65% of the company’s shares. Current price change has pushed the stock 21.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CEVA stock continues to rise going into the next quarter.
