On a scale of 0 to 100, Ceva holds a
performance score of 8. The firm shows a Beta (market volatility) of 0.9981, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Ceva's beta means in this case. Ceva returns are very sensitive to returns on the market. As the market goes up or down, Ceva is expected to follow. Although it is vital to follow
Ceva Inc historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing
future performance of any stock is to evaluate the business as a whole together with its past performance, including all
available fundamental and
technical indicators. By analyzing
Ceva Inc technical indicators, you can presently evaluate if the expected return of 0.32% will be sustainable into the future. Please makes use of Ceva Inc
maximum drawdown,
skewness,
day typical price, as well as the
relationship between the
downside variance and
daily balance of power to make a quick decision on whether Ceva
price patterns will revert.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include CEVA income statement, its balance sheet, and the statement of cash flows. Potential CEVA investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although CEVA investors may use each financial statement separately, they are all related. The changes in CEVA's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CEVA's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of CEVA
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of CEVA performance into the future periods or doing a reasonable stock valuation. The intrinsic value of CEVA shares is the value that is considered the true value of the share. If
the intrinsic value of CEVA is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares CEVA. Please read more on our
fundamental analysis page.
How effective is CEVA in utilizing its assets?
CEVA Inc reports assets on its Balance Sheet. It represents the amount of CEVA resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, CEVA aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Semiconductors & Semiconductor Equipment space. To get a better handle on how balance sheet or income statements item affect CEVA volatility, please check the breakdown of all its
fundamentals.
Are CEVA Earnings Expected to grow?
The
future earnings power of CEVA involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of CEVA factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. CEVA
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of CEVA
expected earnings.
CEVA Gross Profit
CEVA Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing CEVA previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show CEVA Gross Profit growth over the last 10 years. Please check CEVA's
gross profit and other
fundamental indicators for more details.
Another angle On CEVA
Institutional investor usually refers to an organization that invests money in Ceva on behalf of clients or other money managers. Buying and selling of large positions of Ceva stock by institutional investors can create supply and demand imbalances that result in sudden price moves of Ceva stock. Let's take a look at how the ownership of Ceva is distributed among investors.
Ownership Allocation
Ceva holds a total of twenty-two million eight hundred ten thousand
outstanding shares. The majority of Ceva Inc
outstanding shares are owned by
other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Ceva Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ceva. Please pay attention to any change in the institutional holdings of Ceva Inc as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
| Retail Investors8.7% | | Institutions86.83% |
| Retail Investors | 8.7 |
| Insiders | 4.47 |
| Institutions | 86.83 |
| 2018 | 2019 | 2020 | 2021 (projected) |
PPandE Turnover | 10.91 | 11.45 | 12.94 | 13.28 | Calculated Tax Rate | 55.95 | 97.95 | 194.37 | 209.71 |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Ceva has an asset utilization ratio of 47.18 percent. This suggests that the company is making $0.47 for each dollar of assets. An increasing asset utilization means that Ceva Inc is more efficient with each dollar of assets it utilizes for everyday operations.
| Current Assets173.2 M | Assets Non Current128.1 M | | |
| Current Assets | 173.19 Million | 46.43 |
| Assets Non Current | 128.08 Million | 34.34 |
| Goodwill | 60.09 Million | 16.11 |
| Tax Assets | 11.68 Million | 3.13 |
Ceva may start a bounce-back in September
Current downside variance is at 15.34. Ceva Inc shows above-average downside volatility for the selected time horizon. We advise investors to inspect Ceva Inc further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Ceva future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ceva's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ceva's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Conclusion on Ceva
Whereas some other companies within the semiconductors industry are still a little expensive, even after the recent corrections, Ceva may offer a potential longer-term growth to investors. With a somewhat neutral outlook on your 90 days horizon, it may be better to hold off any trading activity and neither acquire new shares of Ceva nor short your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Ceva.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of CEVA Inc. Please refer to our
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