For its second fiscal quarter (ending June 30), Ceva Inc (NASDAQ: CEVA) has reported E.P.S. of $-0.01 compared to $-0.20 a year ago. This performance was $-0.04 short of the consensus estimate of $0.03. E.P.S. were $-0.70 for the latest four quarters through June 30 versus $-1.02 for the same period a year ago.
Recent Price Action
Ceva Inc (NASDAQ: CEVA) stock closed at $19.44 on 8/7/24 after a major increase of 20.5%. Moreover, unusually high trading volume at 171% of normal accompanied the advance. The stock is unchanged during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 36 and a poor Appreciation Score of 21, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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