As of Friday close, Perion Network Ltd.’s (NASDAQ:PERI) stock was up $0.78, moving up 2.41 percent to $33.11. The average number of shares traded per day over the past five days has been 512,260 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.51 fall in that time frame. In the last twenty days, the average volume was 633,695, while in the previous 50 days, it was 677,478.
Since last month, PERI stock retreated -6.76%. Shares of the company fell to $31.54 on 08/18/23, the lowest level in the past month. A 52-week high of $42.75 was reached on 04/17/23 after having rallying from a 52-week low of $18.81. Since the beginning of this year, PERI’s stock price has risen by 30.87% or $7.81, and marked a new high 22 times. However, the stock has declined by -22.55% since its 52-week high.
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Valuation Metrics
Right now, Perion Network Ltd. (PERI) has a P/E ratio of about 14.88. The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 2.28, the price-to-book (PB) ratio of 2.51, and the price-to-cash flow ratio of 13.03 may also be considered.
Financial Health
In the three months ended June 29, Perion Network Ltd.’s quick ratio stood at 2.70, while its current ratio was 2.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 37.70% percent. In the year ended June 29, EBITDA margin amounted to 19.21%, whereas operating margins totaled 15.80%. Based on annual data, PERI earned $609.85 million in gross profit and brought in $640.26 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.20%. Return on equity (ROE) for the past 12 months was 17.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PERI’s revenue fell 0.0% during the quarter, while net income inched up to $478.5 million. While analysts expected Perion Network Ltd. to report $0.42 quarterly earnings, the actual figure was $0.43 per share, beating the consensus estimate by 2.40%. During the quarter, the company generated $23.29 million in EBITDA. The liabilities of Perion Network Ltd. were 267.02 million at the end of its most recent quarter ended June 29, and its total debt was $9.4 million.
Technical Picture
This quick technical analysis looks at Perion Network Ltd.’s (PERI) price momentum. With a historical volatility rate of 31.16%, the RSI 9-day stood at 37.65% on 18 August.
With respect to its five-day moving average, the current Perion Network Ltd. price is down by -4.36% percent or -$1.51. At present, PERI shares trade -2.36% below its 20-day simple moving average and -15.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.73% above its SMA50 and +45.41% above its SMA200.
Stochastic coefficient K was 15.87% and Stochastic coefficient D was 16.87%, while ATR was 1.20. Given the Stochastic reading of 30.62% for the 14-day period, the RSI (14) reading has been calculated as 42.16%. As of today, the MACD Oscillator reading stands at -1.13, while the 14-day reading stands at -1.44.
Analyst Ratings
Perion Network Ltd. downgraded its rating on Perion Network Ltd. (NASDAQ: PERI) to a Hold in a note to investors on April 24, 2023. The analysts firm previously had a Buy rating on the stock.Perion Network Ltd. (PERI) has been rated Overweight by analysts. According to 0 brokerage firms, PERI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Perion Network Ltd. stock as buy, with 4 recommending it as overweight.
With a median target price of $41.50, the current consensus forecast for the stock is $38.00 – $45.00. Based on these forecasts, analysts predict Perion Network Ltd. (PERI) will achieve an average price target of $41.67.
