PERI Stock Summary and Trading Ideas (Perion Network - | NASDAQ:PERI)

Perion Network Ltd is a technology company. It offers online advertising and search solutions to brands, agencies, and publishers through desktop, mobile, and social channels. It connects advertisers to consumers across digital advertising channels, including search advertising, social, display, video, digital audio, digital out of home (DOOH), and Connected TV (CTV) advertising. The company earns prime revenue from search advertising and display advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the company generates a majority of its revenue from the United States and the rest from other regions.

Perion Network - trades on the NASDAQ stock market under the symbol PERI.

As of December 12, 2024, PERI stock price declined to $8.71 with 160,430 million shares trading.

PERI has a beta of 1.70, meaning it tends to be more sensitive to market movements. PERI has a correlation of 0.08 to the broad based SPY ETF.

PERI has a market cap of $412.04 million. This is considered a Small Cap stock.

Last quarter Perion Network - reported $102 million in Revenue and $.23 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.03.

In the last 3 years, PERI traded as high as $42.75 and as low as $7.47.

The top ETF exchange traded funds that PERI belongs to (by Net Assets): IZRL, ITEQ, XITK, GWX, ISRA.

PERI has underperformed the market in the last year with a return of -68.1%, while the SPY ETF gained +32.5%. In the last 3 month period, PERI fell short of the market, returning +4.3%, while SPY returned +9.5%. However, in the most recent 2 weeks PERI has outperformed the stock market by returning +3.2%, while SPY returned +1.1%.

PERI support price is $8.84 and resistance is $9.26 (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 PERI shares will trade within this expected range on the day.