Perion Network Ltd [NASDAQ: PERI] slipped around -0.14 points on Wednesday, while shares priced at $8.70 at the close of the session, down -1.58%.
Compared to the average trading volume of 317.82K shares, PERI reached a trading volume of 252931 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Perion Network Ltd [PERI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PERI shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PERI stock is a recommendation set at 2.60. 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.
Lake Street have made an estimate for Perion Network Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 31, 2024. The new note on the price target was released on June 10, 2024, representing the official price target for Perion Network Ltd stock. On April 09, 2024, analysts decreased their price target for PERI shares from 35 to 13.
The Average True Range (ATR) for Perion Network Ltd is set at 0.30, with the Price to Sales ratio for PERI stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 8.14. Price to Free Cash Flow for PERI in the course of the last twelve months was 9.16 with Quick ratio for the last quarter at 3.88.
How has PERI stock performed recently?
Perion Network Ltd [PERI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.72. With this latest performance, PERI shares dropped by -4.29% in over the last four-week period, additionally plugging by 4.95% over the last 6 months – not to mention a drop of -70.01% 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 PERI stock in for the last two-week period is set at 52.26, with the RSI for the last a single of trading hit 52.64, and the three-weeks RSI is set at 52.08 for Perion Network Ltd [PERI]. The present Moving Average for the last 50 days of trading for this stock 8.63, while it was recorded at 8.83 for the last single week of trading, and 9.86 for the last 200 days.
Perion Network Ltd [PERI]: Deeper insight into the fundamentals
Perion Network Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.88 and a Current Ratio set at 3.88.
Earnings analysis for Perion Network Ltd [PERI]
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 PERI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Perion Network Ltd go to 22.00%.
Insider trade positions for Perion Network Ltd [PERI]
There are presently around $55.42%, or 55.42%% of PERI stock, in the hands of institutional investors. The top three institutional holders of PERI stocks are: HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. with ownership of 3.51 million shares, which is approximately 7.2755%. PHOENIX HOLDINGS LTD., holding 2.17 million shares of the stock with an approximate value of $$18.13 million in PERI stocks shares; and PHOENIX HOLDINGS LTD., currently with $$15.01 million in PERI stock with ownership which is approximately 3.725%.
