Ceva Inc (NASDAQ: CEVA) has reported a loss for its first fiscal quarter (ending March 31) of $-0.23 versus a loss $-0.12 for the same period a year ago. This result fell short of the consensus estimate of $0.09 by $-0.32. For the latest four quarters through March 31, E.P.S. were $-0.89 versus $-0.65 for the same period a year ago.
Recent Price Action
On 5/9/24, Ceva Inc (NASDAQ: CEVA) stock declined by -4.3%, closing at $20.25. Moreover, unusually high trading volume at 161% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 2.2% 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 F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ceva has a neutral Power Rating of 40 but a poor Appreciation Score of 16, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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