Ceva Inc (NASDAQ: CEVA) has reported a loss for its third fiscal quarter (ending September 30) of $-0.06 versus a loss $-0.12 for the same period a year ago — a decline of -50%. E.P.S. were $-0.64 for the latest four quarters through September 30 versus $-0.25 for the same period a year ago — an increase of 156%.
Recent Price Action
Ceva Inc (NASDAQ: CEVA) stock closed at $29.34 on 11/7/24 after a major increase of 16.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 235% of normal. Relative to the market the stock has been strong over the last nine months and has risen 20.1% during the last week.
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 D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ceva has a poor Appreciation Score of 18 but a slightly positive Power Rating of 66, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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