Recent extremely meaningful negative changes in investment behavior have impacted Ceva Inc (NASDAQ: CEVA): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent small negative changes in fundamentals have impacted Ceva Inc (NASDAQ: CEVA): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CEVA is expected to continue to be Value Creation neutral.
Ceva has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ceva has a slightly negative Power Rating of 35 and a poor Appreciation Score of 18, and the Lowest Value Trend Rating results.
Recent Price Action
Ceva Inc (NASDAQ: CEVA) stock increased 1.3% on 4/22/24. The shares closed at $18.91. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has declined -10.5% during the last week.
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