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CEVA
Stock ticker:
NASDAQ
AS OF
Aug 5 closing price
Price
$38.84
Change
-$0.21 (-0.54%)
Capitalization
901.34M

CEVA Price Prediction, CEVA AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Aug 05, 2022

Aroon Indicator for CEVA shows an upward move is likely

CEVA's Aroon Indicator triggered a bullish signal on August 05, 2022. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 215 similar instances where the Aroon Indicator showed a similar pattern. In 167 of the 215 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 78%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 13, 2022. You may want to consider a long position or call options on CEVA as a result. In of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CEVA just turned positive on July 06, 2022. Looking at past instances where CEVA's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

CEVA moved above its 50-day moving average on July 19, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CEVA crossed bullishly above the 50-day moving average on July 19, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CEVA advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CEVA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CEVA broke above its upper Bollinger Band on August 03, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CEVA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.241) is normal, around the industry mean (6.780). CEVA's P/E Ratio (357.143) is considerably higher than the industry average of (49.873). Projected Growth (PEG Ratio) (2.398) is also within normal values, averaging (1.841). Dividend Yield (0.000) settles around the average of (0.025) among similar stocks. P/S Ratio (6.897) is also within normal values, averaging (26.907).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CEVA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock worse than average.

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A.I.Advisor
published price charts
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A.I. Advisor
published Earnings

CEVA is expected to report earnings to fall 8.33% to 16 cents per share on August 09

CEVA CEVA Stock Earnings Reports
Q2'22
Est.
$0.17
Q1'22
Beat
by $0.01
Q4'21
Beat
by $0.03
Q3'21
Beat
by $0.03
Q2'21
Beat
by $0.10
The last earnings report on May 10 showed earnings per share of 18 cents, beating the estimate of 17 cents. With 51.13K shares outstanding, the current market capitalization sits at 901.34M.
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), QUALCOMM (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Advanced Micro Devices (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), Applied Materials (NASDAQ:AMAT), Analog Devices (NASDAQ:ADI), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 21.26B. The market cap for tickers in the group ranges from 13.43K to 474.72B. NVDA holds the highest valuation in this group at 474.72B. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 3%. For the same Industry, the average monthly price growth was 21%, and the average quarterly price growth was -9%. SKYT experienced the highest price growth at 34%, while NA experienced the biggest fall at -26%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -23%. For the same stocks of the Industry, the average monthly volume growth was -5% and the average quarterly volume growth was -18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 70
Price Growth Rating: 49
SMR Rating: 57
Profit Risk Rating: 64
Seasonality Score: 0 (-100 ... +100)
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published General Information

General Information

a company which engages in designing and licensing silicon intellectual property for the handsets, mobile broadband, portable and consumer electronics markets

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
15245 Shady Grove Road
Phone
+1 240 308-8328
Employees
476
Web
https://www.ceva-dsp.com

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CEVA and

Correlation & Price change

A.I.dvisor indicates that over the last year, CEVA has been closely correlated with LSCC. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if CEVA jumps, then LSCC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CEVA
1D Price
Change %
CEVA100%
-0.54%
LSCC - CEVA
80%
Closely correlated
-0.05%
DIOD - CEVA
78%
Closely correlated
-2.19%
MCHP - CEVA
75%
Closely correlated
-1.79%
MTSI - CEVA
75%
Closely correlated
-0.31%
POWI - CEVA
74%
Closely correlated
-3.31%
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