CEVA, Inc. (NASDAQ:CEVA).
On January 11 the stock rating was upgraded to “Buy” from “Neutral” in a report issued by Ladenburg Thalmann. On December 16 the company was set at “Buy” according to a Wunderlich report which was a boost from the previous “Hold” rating.
On November 10 the company was downgraded from “Buy” to “Hold” in an announcement from Wunderlich. On November 3 Oppenheimer kept the company rating at “Outperform” and raised the price expectation to $25.00 from $21.00.
November 3 investment analysts at Canaccord Genuity left the company rating at “Buy” but raised the price expectation from $26.00 to $28.00.
The company is so far trading down since yesterday’s close of $35.3. Company shares last traded at $35.24 slightly over $32.16, the 50 day moving average and which is a tad above the 200 day moving average of $27.39. The 50 day moving average moved up $3.08 and the 200 day average went up by +28.64%.
The P/E ratio is currently 73.42 and market cap is 738.63M. As of the last earnings report the EPS was $0.48 and is estimated to be $0.84 for the current year with 20,960,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.24 and the next full year EPS is projected to be $1.08.
Traders are feeling more bearish on shares of CEVA, Inc. of late if you look at the change in short interest. The company had a rise in short interest of 0.09% as of the latest report on September 15, 2016. Short interest grew 34,306 over that period. With short interest at 405,783 and short average daily volume at 90,101, days to cover is 4.5 and the percentage of shorted shares is 0.02% as of September 15.