Alert: Negative Investment/Fundamental Signals (11/9/23)-Ceva Inc (NASDAQ: CEVA)


Recent notable negative changes in fundamentals have impacted Ceva Inc (NASDAQ: CEVA): the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.

Recent notable negative changes in investment behavior have affected Ceva Inc (NASDAQ: CEVA): negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

CEVA is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.

Ceva has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ceva has a poor Appreciation Score of 15 and a very low Power Rating of 12, with the Lowest Value Trend Rating the result.

Recent Price Action

On 11/9/23, Ceva Inc (NASDAQ: CEVA) stock suffered a large decline of -4.8%, closing at $18.75. The stock has been extremely weak relative to the market over the last nine months but has risen 9.2% during the last week.

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