Cellebrite DI Ltd. (NASDAQ: CLBT) stock jumped 1.40% on Thursday to $5.78 against a previous-day closing price of $5.70. With 0.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.15 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $5.81 whereas the lowest price it dropped to was $5.45. The 52-week range on CLBT shows that it touched its highest point at $6.22 and its lowest point at $3.80 during that stretch. It currently has a 1-year price target of $7.53.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CLBT was up-trending over the past week, with a rise of 6.25%, but this was up by 8.04% over a month. Three-month performance surged to 0.17% while six-month performance rose 28.73%. The stock gained 25.11% in the past year, while it has gained 32.57% so far this year. A look at the trailing 12-month EPS for CLBT yields 0.63 with Next year EPS estimates of 0.21. For the next quarter, that number is 0.03. This implies an EPS growth rate of 63.30% for this year and 39.47% for next year.
Float and Shares Shorts:
At present, 194.69 million CLBT shares are outstanding with a float of 45.60 million shares on hand for trading. On May 14, 2023, short shares totaled 2.11 million, which was 1.09% higher than short shares on Apr 13, 2023. In addition to Mr. Yossi Carmil as the firm’s Founder, CEO & Director, Ms. Dana Gerner serves as its Chief Financial Officer.
Through their ownership of 21.50% of CLBT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 13.09% of CLBT, in contrast to 1.64% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CLBT with 3.35% of the stake, Excellence Investments Ltd. holds 6,347,537 shares worth 6,347,537. A second-largest stockholder of CLBT, Greenhaven Road Investment Manage, holds 3,522,958 shares, controlling over 1.86% of the firm’s shares. Crosslink Capital, Inc. is the third largest shareholder in CLBT, holding 3,013,575 shares or 1.59% stake.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CLBT reported revenue of $62.57M and operating income of -$5.60M. The EBITDA in the recently reported quarter was -$3.34M and diluted EPS was $0.27.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLBT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CLBT analysts setting a high price target of $10.00 and a low target of $6.15, the average target price over the next 12 months is $7.53. Based on these targets, CLBT could surge 73.01% to reach the target high and rise by 6.4% to reach the target low. Reaching the average price target will result in a growth of 30.28% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded CLBT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.