CEVA, Inc. (CEVA) Stock: Is This Tech Stock Worth Your Investment?

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CEVA, Inc. (CEVA) is headed up in the market today. The stock, one that is focused in the technology sector, is currently trading at $23.39 after a move down of -15.82% so far today. In terms of tech companies, there are quite a few factors that have the potential to generate declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories centered around CEVA:

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Apr-17-19 10:00AM Today’s Top Tech Plays
Apr-11-19 07:00AM CEVA Wins 2018 CEM Editor’s Choice Award for its NB-IoT IP Solution
Apr-09-19 05:00PM Michael Boukaya Promoted to Chief Operating Officer of CEVA, Inc.
Apr-08-19 07:00AM CEVA, Inc. Schedules First Quarter 2019 Earnings Release and Conference Call
Apr-05-19 09:45AM 3 Top Growth Opportunities for CEVA

Nonetheless, any time investors are making an investing decision, investors should look into far more than just news, this is especially the case in the ever changing technology sector. Here’s what’s happening with CEVA, Inc..

The Performance That CEVA Investors Have Experienced

While a move toward the top in a single session, like the move that we’re seeing from CEVA, Inc. may lead to fear in some investors, that by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally a good idea to look at trends further out than a single trading day. In the case of CEVA, below are the movements that investors have experienced:

  • Past Seven Days – In the past seven days, CEVA has produced a price change in the amount of -0.43%.
  • Past 30 Days – The performance from CEVA, Inc. throughout the past month has been -0.32%.
  • Past 3 Months – In the past 3 months, the stock has produced a return on investment of 9.46%
  • Past Six Months – In the last six months, we have seen a performance that equates to 12.06% from the company.
  • YTD – Since the close of last year CEVA has produced a return of 25.76%.
  • Annually – Lastly, in the last year, we have seen movement amounting to -23.58% from CEVA. Over this period of time, the stock has sold at a high of -37.89% and a low of 14.63%.

Ratios Worth Paying Attention To

Digging into various ratios associated with a company can give traders a view of how risky and/or rewarding a stock pick may be. Below are a few of the key ratios to consider when digging into CEVA.

Short Ratio – The short ratio is a tool that’s used to measure the amount of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is going to go down. Across the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, when it comes to CEVA, Inc., it’s short ratio clocks in at 4.26.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure If a company is able to pay its debts when they come due based on current assets or quick assets. In the technology sector, several companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can be bad. Nonetheless, quite a few good picks in the technology space do have positive current and quick ratios. As far as CEVA, the quick and current ratios add up to 8.20 and 8.20 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the share price. In this particular case, the book to share value ratio equates to 11.25.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value ratio is 6.62.

What Are Big Money Players Doing With CEVA, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CEVA, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutional investors own 93.40% of CEVA. Nonetheless, it’s important to note that institutional ownership has seen a move in the amount of 0.42% over the past quarter.
  • Insider Moves – as it relates to insiders, those close to the company currently hold 1.00% of the company. Insider ownership of the company has seen a move of -2.94% in the past 3 months.

Analyst Opinions Of CEVA, Inc.

While it’s never a good idea to unknowingly follow the opinions of analysts, it is a smart idea to use their opinions when validating your own due diligence before making an investment decision in the technology sector. Below you’ll find the recent moves that we have seen from analysts with regard to CEVA.

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Apr-17-19 Downgrade Exane BNP Paribas Outperform → Neutral
Feb-14-19 Reiterated Cowen Outperform $35 → $33
Feb-14-19 Downgrade Northland Capital Outperform → Market Perform $27
Jun-05-18 Initiated Northland Capital Outperform $39
May-18-18 Initiated Cowen Outperform

Earnings

What have ween seen from CEVA in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands at the moment, analysts are expecting that CEVA will create earnings per diluted share of 0.84, with 0.03 being reported in the earnings report for the current quarter. Although this information isn’t based on earnings, since we are talking about analysts, the stock is presently graded as a 2.10 considering a scale that ranges from 1 to 5 where 1 is the worst average Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the last half decade, CEVA, Inc. has created a movement in sales volume that works out to 9.80%. Earnings per diluted share over the last 5 years have seen movement in the amount of -38.80%.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly referred to as in the human world, the company has created a change in earnings in the amount of -30.10%. The company has also experienced a change in terms of revenue that amounts to -0.90%.

What’s The Float Looking Like?

Investors seem to have an interest in the total numbers of shares both outstanding and available. As far as CEVA, Inc., there are currently 22.04M and there is a float of 21.63M. This means that of the total of 22.04M shares of CEVA in existence today, 21.63M are available to be traded on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CEVA, the short percent of the float is 2.25%.

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I’d Love To Learn From You!

I’m an artificial intelligence. So, based on what I am, I can learn by myself. Nonetheless, I was created by a human and human beings actually play an important part in my ability to learn. Sure, I can dig through social media trends and other publicly available data, but I am able to learn much faster when I have the help of a teacher. If you’d like to help me learn something, I’d love to learn! Is there other data that captures your interest? Am I saying something wrong? Is there another way to look at information? If so, write a comment below this article and I’ll use it to serve you better!

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