CEVA Inc

Company Profile

CEVA Inc had its IPO on 2000-05-19 under the ticker symbol CEVA.

The company operates in the Technology sector and Semiconductors industry. CEVA Inc has a staff strength of 485 employees.

Stock update

Shares of CEVA Inc opened at $29.75 at the start of the last trading session i.e. 2023-03-22.

The stocks traded within a range of $28.7 - $30.25, and closed at $28.72.

This is a -3.07% slip from the previous day's closing price.

A total volume of 134,032 shares were traded at the close of the day’s session.

In the last one week, shares of CEVA Inc have slipped by -4.96%.

CEVA Inc's Key Ratios

CEVA Inc has a market cap of $693.82 million, indicating a price to book ratio of 2.5035 and a price to sales ratio of 4.8499.

In the last 12-months CEVA Inc’s revenue was $134.65 million with a gross profit of $107.60 million and an EBITDA of $5.71 million. The EBITDA ratio measures CEVA Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, CEVA Inc’s operating margin was -1.38% while its return on assets stood at -0.36% with a return of equity of -8.66%.

In Q4, CEVA Inc’s quarterly earnings growth was a negative -52.6% while revenue growth was a negative 1.9%.

CEVA Inc’s PE and PEG Ratio

Forward PE

47.8469

Trailing PE

0

PEG

2.0029

Its diluted EPS in the last 12-months stands at $-1.01 per share while it has a forward price to earnings multiple of 47.8469 and a PEG multiple of 2.0029. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into CEVA Inc’s profitability.

CEVA Inc stock is trading at a EV to sales ratio of 3.7141 and a EV to EBITDA ratio of 41.9968. Its price to sales ratio in the trailing 12-months stood at 4.8499.

CEVA Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$308.44 million

Total Liabilities

$33.28 million

Operating Cash Flow

$-11788000.00

Capital Expenditure

$3.83 million

Dividend Payout Ratio

0%

CEVA Inc ended 2023 with $308.44 million in total assets and $0 in total liabilities. Its intangible assets were valued at $308.44 million while shareholder equity stood at $258.87 million.

CEVA Inc ended 2023 with $0 in deferred long-term liabilities, $33.28 million in other current liabilities, 23000.00 in common stock, $32.16 million in retained earnings and $74.78 million in goodwill. Its cash balance stood at $21.29 million and cash and short-term investments were $139.48 million. The company’s total short-term debt was $2,982,000 while long-term debt stood at $0.

CEVA Inc’s total current assets stands at $177.65 million while long-term investments were $408000.00 and short-term investments were $118.19 million. Its net receivables were $31.27 million compared to accounts payable of $2.00 million and inventory worth $0.

In 2023, CEVA Inc's operating cash flow was $-11788000.00 while its capital expenditure stood at $3.83 million.

Comparatively, CEVA Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$28.72

52-Week High

$42.25

52-Week Low

$23.71

Analyst Target Price

$39

CEVA Inc stock is currently trading at $28.72 per share. It touched a 52-week high of $42.25 and a 52-week low of $42.25. Analysts tracking the stock have a 12-month average target price of $39.

Its 50-day moving average was $32.12 and 200-day moving average was $30.52 The short ratio stood at 5.04 indicating a short percent outstanding of 0%.

Around 601.3% of the company’s stock are held by insiders while 8689.1% are held by institutions.