CEVA Stock Summary and Trading Ideas (Ceva | NASDAQ:CEVA)

CEVA Inc is a licensor of signal-processing intellectual property. Through partnerships with semiconductor companies and original equipment manufacturers globally, the company helps produce devices for a range of end markets. OEMs and semiconductor companies choose to sell products with CEVA equipment to wireless, consumer, automotive, and Internet of Things companies. Revenue is derived primarily from licensing fees and related revenue, and royalties generated from the shipments of products utilizing its intellectual properties. CEVA also engages in the training and sale of development systems.

Ceva trades on the NASDAQ stock market under the symbol CEVA.

As of April 17, 2024, CEVA stock price declined to $19.53 with 96,329 million shares trading.

CEVA has a beta of 2.50, meaning it tends to be more sensitive to market movements. CEVA has a correlation of 0.36 to the broad based SPY ETF.

CEVA has a market cap of $461.56 million. This is considered a Small Cap stock.

Last quarter Ceva reported $24 million in Revenue and $.10 earnings per share. This fell short of revenue expectation by $-148,000 and exceeded earnings estimates by $.04.

In the last 3 years, CEVA stock traded as high as $59.90 and as low as $16.38.

The top ETF exchange traded funds that CEVA belongs to (by Net Assets): IJR, VTI, VB, VGT, IWM.

CEVA has underperformed the market in the last year with a price return of -30.9% while the SPY ETF gained +23.0%. CEVA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.8% and -13.1%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

CEVA support price is $19.84 and resistance is $20.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CEVA stock will trade within this expected range on the day.