Perion Network Ltd. [PERI] stock is trading at $22.95, up 0.61%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PERI shares have gain 2.87% over the last week, with a monthly amount drifted -3.69%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Perion Network Ltd. [NASDAQ: PERI] stock has seen the most recent analyst activity on September 12, 2023, when Raymond James downgraded its rating to a Mkt Perform. Previously, Stifel downgraded its rating to Hold on April 24, 2023, and kept the price target unchanged to $36. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $31 on December 13, 2021. Stifel initiated its recommendation with a Hold and recommended $18 as its price target on April 14, 2021. Needham started tracking with a Buy rating for this stock on April 01, 2021, and assigned it a price target of $21. In a note dated November 19, 2020, ROTH Capital initiated an Buy rating and provided a target price of $10.75 on this stock.
Perion Network Ltd. [PERI] stock has fluctuated between $21.82 and $42.75 over the past year. Currently, Wall Street analysts expect the stock to reach $43.5 within the next 12 months. Perion Network Ltd. [NASDAQ: PERI] shares were valued at $22.95 at the most recent close of the market. An investor can expect a potential return of 89.54% based on the average PERI price forecast.
Analyzing the PERI fundamentals
Perion Network Ltd. [NASDAQ:PERI] reported sales of 743.16M for the trailing twelve months, which represents a growth of 11.71%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.18 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.59 points at the first support level, and at 22.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.19, and for the 2nd resistance point, it is at 23.44.
Perion Network Ltd. [PERI] reported earnings per share of $0.78 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.82/share, meaning a difference of -$0.04 and a surprise factor of -4.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.65 per share as compared to estimates of $0.63 per share, a difference of $0.02 representing a surprise of 3.20%.
Ratios To Look Out For
For context, Perion Network Ltd.’s Current Ratio is 2.14. Also, the Quick Ratio is 2.73, while the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 9.79.
