Perion Network Ltd (NASDAQ:PERI) price on Friday, February 28, fall -4.71% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.09.
A look at the stock’s price movement, the close in the last trading session was $8.49. The PE ratio in trailing twelve months stood at 31.06. Turning to its 52-week performance, $23.74 and $7.47 were the 52-week high and 52-week low respectively. Overall, PERI moved -8.28% over the past month.
Perion Network Ltd’s market cap currently stands at around $382.72 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 83.69M for the company’s revenue for the quarter, with a low and high estimate of 77M and 86.2M respectively. The average forecast suggests down to a -46.97% 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 410.52M, representing a -17.61% decline 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 PERI is a 50% Buy. 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 100% Sell 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 2 analyst(s) rate the stock as a Hold, 0 recommend PERI 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PERI’s current price about -11.34% and -8.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.61, while 7-day volatility ratio is 3.57% and 3.72% in the 30-day chart. Further, Perion Network Ltd (PERI) has a beta value of 1.52, and an average true range (ATR) of 0.36. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $10 and high of $45. Looking at the price targets, the low is -23.61% off current price level while to achieve the yearly target high, price needs to move -456.24%. Nonetheless, investors will most likely welcome a -73.05% jump to $14 which is the analysts’ median price.
If we refocus on Perion Network Ltd (NASDAQ:PERI), historical trading data shows that trading volumes averaged 380.73K over the past 3 months. The company’s latest data on shares outstanding shows there are 47.31 million shares.
The 0.36% of Perion Network Ltd’s shares are in the hands of company insiders while institutional holders own 64.52% of the company’s shares. Current price change has pushed the stock -4.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PERI stock continues to rise going into the next quarter.
