Ceragon Networks Ltd’s filing revealed that its Director Ripstein David acquired Company’s shares for reported $33512.0 on Dec 13 ’24. In the deal valued at $4.74 per share,7,070 shares were bought.
Then, Makov Efrat bought 10,000 shares, generating $45,000 in total proceeds.
Before that, Querner Mario Sven bought 18,750 shares. Ceragon Networks Ltd shares valued at $88,500 were divested by the Regional President, Asia-Pacif at a price of $4.72 per share.
ROTH MKM initiated its Ceragon Networks Ltd [CRNT] rating to a Buy in a research note published on October 28, 2024; the price target was $4.50. A number of analysts have revised their coverage, including Aegis Capital’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Needham also remained covering CRNT and has increased its forecast on May 04, 2021 with a “Buy” recommendation from previously “Hold” rating. Needham revised its rating on March 12, 2021. It rated CRNT as “a Hold” which previously was an “an Underperform”.
Price Performance Review of CRNT
On Tuesday, Ceragon Networks Ltd [NASDAQ:CRNT] saw its stock fall -2.19% to $5.36. Over the last five days, the stock has gained 15.52%. Ceragon Networks Ltd shares have risen nearly 14.78% since the year began. Nevertheless, the stocks have risen 136.12% over the past one year. While a 52-week high of $5.63 was reached on 01/07/25, a 52-week low of $2.25 was recorded on 01/03/25. SMA at 50 days reached $3.80, while 200 days put it at $3.00.
Levels Of Support And Resistance For CRNT Stock
The 24-hour chart illustrates a support level at 5.09, which if violated will result in even more drops to 4.82. On the upside, there is a resistance level at 5.68. A further resistance level may holdings at 6.00. The Relative Strength Index (RSI) on the 14-day chart is 67.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.18%. Stochastics %K at 75.30% indicates the stock is a holding.
How much short interest is there in Ceragon Networks Ltd?
A steep rise in short interest was recorded in Ceragon Networks Ltd stocks on 2024-10-31, dropping by 26393.0 shares to a total of 85925.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.11 million shares. There was a decline of -30.72%, which implies that there is a negative sentiment for the stock.
