Stock To Watch: CEVA, Inc. (NASDAQ:CEVA)


The leading market experts have placed a mean price target of $30.67 on CEVA, Inc. (NASDAQ:CEVA) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.20 a share for the upcoming quarter and $0.77 for the current fiscal. Technical View The technical analysis of CEVA, Inc. plainly substantiates that the 50-day moving average of CEVA, Inc. is $26.80, and stock is hovering -0.60 or -2.25% distant from $26.80. It is noted that the 200-day MA is $23.17, and CEVA, Inc. stock is $3.03 or +13.08% off from this point. CEVA, Inc. (NASDAQ:CEVA) 52-week high is $28.18 and the 52-week low is $16.54. This explains if the stock moves $-1.98, it will post a 52-week high. In event of $+58.40% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of CEVA, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, CEVA, Inc. (NASDAQ:CEVA) ratio came in at 70.81. The stock last ended the trading session at $26.20 and registered a market cap of $535.53M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. CEVA, Inc. (NASDAQ:CEVA) PEG ratio is at 1.34.

1 Chart Pattern Every Investor Should Know

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