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


The leading market experts have placed a mean price target of $35.87 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 $0.23 a share for the upcoming quarter and $0.84 for the current fiscal.

Technical View

The technical analysis of CEVA, Inc. plainly substantiates that the 50-day moving average of CEVA, Inc. is $29.35, and stock is trading $1.81 points away or +6.15% from its 50-day moving average of $29.35. Further it is trading $6.47 or +26.20% away its 200-day moving average of $24.69. CEVA, Inc. (NASDAQ:CEVA) 52-week high is $32.73 and the 52-week low is $17.11.

This explains if the stock moves $-1.57, it will post a 52-week high. In event of +82.12% 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 64.92.

The stock last ended the trading session at $31.16 and registered a market cap of $653.11M. 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 1.39.

1 Chart Pattern Every Investor Should Know

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