The stock of Perion Network Ltd. (NASDAQ:PERI) last traded at $13.18, up 5.44% from the previous session.
PERI stock price is now -44.09% away from the 50-day moving average and -54.54% away from the 200-day moving average. The market capitalization of the company currently stands at $619.99M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $35 to $13, ROTH MKM Downgraded its rating from Buy to Neutral for Perion Network Ltd. (NASDAQ: PERI). On April 08, 2024, Lake Street Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $16, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
A total of 0.51% of the company’s stock is owned by insiders.
During the past 12 months, Perion Network Ltd. has had a low of $12.10 and a high of $42.75. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 2.14, and a quick ratio of 2.14. According to the stock market information, the enterprise value for the company is $164.04M, which is based on a 5.62 price-to-earnings ratio, a 0.30 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for PERI is $23.22 and a two-hundred day moving average price translates $28.90 for the stock.
The latest earnings results from Perion Network Ltd. (NASDAQ: PERI) was released for Dec, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.78, missing analysts’ expectations of $0.82 by -0.04. This compares to $0.79 EPS in the same period last year. The net profit margin was 15.55% and return on equity was 18.05% for PERI. The company reported revenue of $234.23 million for the quarter, compared to $209.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.71 percent. For the current quarter, analysts expect PERI to generate $172.86M in revenue.
