Don’t Be Fooled By Gain in Perion Network Ltd. [PERI] Stock

Perion Network Ltd. [PERI] shares are up more than 48.65% this year and recently increased 0.14% or $1.26 to settle at $8.99. PERI has a short ratio of 2.21. This implies that the market is currently less bullish on the outlook for PERI.

On 7, December 2020, Perion Raises Financial Outlook, Expects 31% Year over Year Revenue Growth in the Fourth Quarter of 2020. According to news published on Yahoo Finance, Customers Momentum for Connected TV and “Full-Funnel” Solution Propel Advertising Business .

Analyst Birdseye View:

The most recent analyst activity for Perion Network Ltd. [NASDAQ:PERI] stock was on September 30, 2020, when it was Initiated with an Outperform rating from Oppenheimer, which also raised its 12-month price target on the stock to $9. Before that, on November 19, 2020, ROTH Capital Recapitulated a Buy rating and elevated its amount target to $10.75. On July 08, 2019, Lake Street Initiated a Buy rating and boosted its price target on this stock to $6. On November 04, 2015, Chardan Capital Markets Upgrade a Buy rating. On December 31, 2014, Chardan Capital Markets Downgrade a Neutral rating and increased its price target to $5. On September 12, 2014, Standpoint Research Initiated a Buy rating and boosted its amount on this stock to $11. On August 07, 2014, Needham Downgrade a Hold rating. The Benchmark Company elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.43 and a peak of $9.70. Right now, according to Wall Street analyst the average 12-month amount target is $10.75. At the most recent market close, shares of Perion Network Ltd. [NASDAQ:PERI] were valued at $8.99. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

Perion Network Ltd. [NASDAQ:PERI] most recently reported quarterly sales of 83.41 billion, which represented growth of 26.70%. This publicly-traded organization’s revenue is $655,263 per employee, while its income is $32,313 per employee. This company’s Gross Margin is currently 92.10%, its Operating Margin is 3.50%, its Pretax Margin is +5.56, and its Net Margin is +4.93. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 4.77, 8.21, 9.12 and 7.03 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 19.77 and the whole liability to whole assets at 14.34. It shows enduring liability to the whole principal at 13.94 and enduring liability to assets at 0.10 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 7.62 points at 1st support level, the second support level is making up to 7.52. But as of 1st resistance point, this stock is sitting at 7.84 and at 7.96 for 2nd resistance point.

Perion Network Ltd. [PERI] reported its earnings at $0.08 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.07/share signifying the difference of 0.01 and 14.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.08 calling estimates for -$0.09/share with the difference of 0.01 depicting the surprise of 11.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Perion Network Ltd. [NASDAQ:PERI] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.75. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.63, it’s amount to book ratio is 0.99 and showing 30.43 of P/E (TTM) ratio.