Ceva Inc [NASDAQ: CEVA] closed the trading session at $32.40.
The stocks have a year to date performance of 2.69 percent and weekly performance of 2.69 percent. The stock has been moved at 66.15 percent over the last six months. The stock has performed 2.37 percent around the most recent 30 days and changed 32.52 percent over the most recent 3-months.
If compared to the average trading volume of 196.66K shares, CEVA reached to a volume of 141388 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Ceva Inc [CEVA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CEVA shares is $36.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CEVA stock is a recommendation set at 1.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for Ceva Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 08, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $25 to $28. The new note on the price target was released on February 15, 2024, representing the official price target for Ceva Inc stock. Previously, the target price had yet another drop from $30 to $20, while ROTH MKM kept a Neutral rating on CEVA stock. On February 16, 2022, analysts increased their price target for CEVA shares from 50 to 60.
The Average True Range (ATR) for Ceva Inc is set at 1.27, with the Price to Sales ratio for CEVA stock in the period of the last 12 months amounting to 7.51. The Price to Book ratio for the last quarter was 2.88, with the Price to Cash per share for the same quarter was set at 6.69.
CEVA stock trade performance evaluation
Ceva Inc [CEVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.69. With this latest performance, CEVA shares gained by 2.37% in over the last four-week period, additionally plugging by 66.15% over the last 6 months – not to mention a rise of 48.76% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CEVA stock in for the last two-week period is set at 56.71, with the RSI for the last a single of trading hit 54.33, and the three-weeks RSI is set at 58.16 for Ceva Inc [CEVA]. The present Moving Average for the last 50 days of trading for this stock 29.57, while it was recorded at 32.51 for the last single week of trading, and 23.49 for the last 200 days.
Ceva Inc [CEVA]: An insightful look at the core fundamentals
Ceva Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.60 and a Current Ratio set at 7.60.
Earnings per share (EPS) analysis for Ceva Inc [CEVA] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CEVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ceva Inc go to 20.00%.
Ceva Inc [CEVA]: Institutional Ownership
There are presently around $90.22%, or 92.64%% of CEVA stock, in the hands of institutional investors. The top three institutional holders of CEVA stocks are: BLACKROCK INC. with ownership of 4.01 million shares, which is approximately 17.067%. VANGUARD GROUP INC, holding 2.59 million shares of the stock with an approximate value of $$50.04 million in CEVA stocks shares; and VANGUARD GROUP INC, currently with $$38.31 million in CEVA stock with ownership which is approximately 8.448%.
