Ceragon Networks Ltd experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $3.38 on 03/25/24, while the lowest price for the same period was registered at $1.72 on 11/24/23.
52-week price history of CRNT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Ceragon Networks Ltd’s current trading price is -7.69% away from its 52-week high, while its distance from the 52-week low is 81.40%. The stock’s price range during this period has spanned from $1.72 to $3.38. In the Technology sector, the Ceragon Networks Ltd’s shares surpassed a trading volume of approximately 1.86 million for the day, which was noticeably higher compared to the average daily volume of 9.0.39 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Ceragon Networks Ltd (CRNT) has experienced a quarterly rise of 7.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 257.47M and boasts a workforce of 1407 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.68, with a change in price of +0.70. Similarly, Ceragon Networks Ltd recorded 400,877 in trading volume during the last 100 days, posting a change of +28.93%.
Examining CRNT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CRNT stands at 0.26. Similarly, the long-term debt-to-equity ratio is also 0.08.
CRNT Stock Stochastic Average
Today, Ceragon Networks Ltd’s raw stochastic average for the past 50 days stands at 92.98%, indicating a rise from the raw stochastic average of the last 20 days, which was 92.98%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 65.30% and 59.29% respectively.
CRNT Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 44.44%. However, over the past six months, we’ve seen a weaker performance of 13.45%. The price of CRNT fallen by 19.08% over the last 30 days. And in the last five days, it has surged by 23.32%.
