At the time of writing, Perion Network Ltd. [PERI] stock is trading at $11.82, down -0.25%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PERI shares have gain 4.69% over the last week, with a monthly amount drifted -47.35%, 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 April 09, 2024, when ROTH MKM downgraded its rating to a Neutral and also revised its price target to $13 from $35. Previously, Lake Street downgraded its rating to Hold on April 08, 2024, and kept the price target unchanged to $16. On September 12, 2023, downgrade downgraded it’s rating to Mkt Perform. Stifel downgraded its rating to a Hold but stick to its price target of $36 on April 24, 2023. Raymond James started tracking with a Outperform rating for this stock on December 13, 2021, and assigned it a price target of $31. In a note dated April 14, 2021, Stifel initiated an Hold rating and provided a target price of $18 on this stock.
For the past year, the stock price of Perion Network Ltd. fluctuated between $10.77 and $38.02. Currently, Wall Street analysts expect the stock to reach $24.5 within the next 12 months. Perion Network Ltd. [NASDAQ: PERI] shares were valued at $11.82 at the most recent close of the market. An investor can expect a potential return of 107.28% based on the average PERI price forecast.
Analyzing the PERI fundamentals
According to Perion Network Ltd. [NASDAQ:PERI], the company’s sales were 755.01M for trailing twelve months, which represents an 8.16% jump. 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 11.60 points at the first support level, and at 11.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.93, and for the 2nd resistance point, it is at 12.04.
Perion Network Ltd. [PERI] reported earnings per share of $0.78 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
It is important to note that Perion Network Ltd. [NASDAQ:PERI] has a current ratio of 2.14. Further, the Quick Ratio stands at 2.14, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 0.79 and price to earnings (TTM) ratio is 5.04.
