With 1.35 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.37 million shares. The 52-week range on CRNT shows that it touched its highest point at $5.73 and its lowest point at $2.33 during that stretch. It currently has a 1-year price target of $7.00. Beta for the stock currently stands at 1.58.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRNT was down-trending over the past week, with a drop of -8.60%, but this was down by -52.51% over a month. Three-month performance dropped to -41.91% while six-month performance fell -13.12%. The stock lost -13.27% in the past year, while it has lost -45.40% so far this year. A look at the trailing 12-month EPS for CRNT yields 0.27 with Next year EPS estimates of 0.41. For the next quarter, that number is 0.03. This implies an EPS growth rate of -30.08% for this year and 43.02% for next year.
Float and Shares Shorts:
At present, 85.87 million CRNT shares are outstanding with a float of 63.52 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRNT since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.42953 being high and $0.32476 being low. For CRNT, this leads to a yearly average estimate of $0.36667. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is $0.03. The average estimate for the next quarter is thus $0.05.
