Ceva Inc (NASDAQ:CEVA) price on Friday, March 21, fall -2.88% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $28.35.
A look at the stock’s price movement, the close in the last trading session was $29.19, moving within a range at $27.9 and $28.87. The beta value (5-Year monthly) was 1.326. Turning to its 52-week performance, $38.94 and $16.02 were the 52-week high and 52-week low respectively. Overall, CEVA moved -22.46% over the past month.
Ceva Inc’s market cap currently stands at around $674.92 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-12.
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 Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -10.71% and -13.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.67, while 7-day volatility ratio is 3.81% and 6.02% in the 30-day chart. Further, Ceva Inc (CEVA) has a beta value of 1.41, and an average true range (ATR) of 1.76.
If we refocus on Ceva Inc (NASDAQ:CEVA), historical trading data shows that trading volumes averaged 0.24 over the past 10 days and 288.71K 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 87.98% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.34 million on 2025-02-28, giving us a short ratio of 3.95. The data shows that as of 2025-02-28 short interest in Ceva Inc (CEVA) stood at 827.0001000000001 of shares outstanding, with shares short rising to 0.68 million registered in 2025-01-31. Current price change has pushed the stock -10.14% 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.
