Analysts (Still) In Love With CEVA, Inc. (CEVA), Evolution Petroleum Corporation (EPM)

4 analysts out of 6 Wall Street brokerage firms rate CEVA, Inc. (NASDAQ:CEVA) as a Buy, while 0 see it as a Sell. The rest 2 describe it as a Hold. CEVA stock traded higher to an intra-day high of $28.93. At one point in session, its potential discontinued and the price was down to lows at $27.21. Analysts have set CEVA’s consensus price at $35.29, effectively giving it a 22.24% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $35 (up 21.23% from current price levels). CEVA has a 0.2% ROE, lower than the 9.75% average for the industry. The average ROE for the sector is 17.69%.

CEVA, Inc. (CEVA) currently trades at $28.87, which is higher by 3.51% its previous price. It has a total of 22.04 million outstanding shares, with an ATR of around 0.75. The company’s stock volume dropped to 0.24 million, worse than 129.61 thousands that represents its 50-day average. A 5-day increase of about 5.79% in its price means CEVA is now 30.69% higher on year-to-date. The shares have surrendered $43429.13 since its $37.65 52-week high price recorded on 18th of April 2018. Overall, it has seen a growth rate of -17.98 over the last 12 months. The current price per share is $8.47 above the 52 week low of $20.40 set on 24th of December 2018.

CEVA, Inc. (NASDAQ:CEVA)’s EPS was $0.23 as reported for the December quarter. In comparison, the same quarter a year ago had an EPS of $0.25. That means that its growth in general now stands at -8%. Therefore, a prediction of $0.26 given by the analysts brought a negative surprise of -12%. CEVA Dec 19 quarter revenue was $21.4 million, compared to $21.6 million recorded in same quarter last year, giving it a -1% growth rate. The company’s $-0.2 million revenue decline that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Evolution Petroleum Corporation (NYSE:EPM) shares depreciated -0.72% over the last trading period, taking overall 5-day performance up to 2.22%. EPM’s price now at $6.91 is weaker than the 50-day average of $7.14. Getting the trading period increased to 200 days, the stock price was seen at $9.05 on average. The general public currently hold control of a total of 30.37 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 31.95 million. The company’s management holds a total of 7.4%, while institutional investors hold about 71.7% of the remaining shares. EPM share price finished last trade 0.29% above its 20 day simple moving average and its downbeat gap from 200 day simple moving average is -23.75%, while closing the session with -3.32% distance from 50 day simple moving average.

Evolution Petroleum Corporation (EPM) shares were last observed trading -46.14% down since October 09, 2018 when the peak of $12.83 was hit. Last month’s price growth of 0.88% puts EPM performance for the year now at 1.32%. Consequently, the shares price is trending higher by 11.99%, a 52-week worst price since Dec. 24, 2018. However, it is losing value with -37.92% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $6.69 and $6.8. The immediate resistance area is now $7.03 Williams’s %R (14) for EPM moved to 40.96 while the stochastic %K points at 52.61.

EPM’s beta is 0.92; meaning investors could reap lower returns, although it also poses lower risks. The company allocated $0.52 per share from its yearly profit to its outstanding shares. Its last reported revenue is $11.05 million, which was 0% versus $11.07 million in the corresponding quarter last year. The EPS for Dec 19 quarter came in at $0.12 compared to $0.12 in the year-ago quarter and had represented 0% year-over-year earnings per share growth. EPM’s ROA is 18.3%, higher than the 4.98% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 8.05%.

Estimated quarterly earnings for Evolution Petroleum Corporation (NYSE:EPM) are around $0.07 per share in three months through March with $0.07 also the estimate for June quarter of the fiscal year. It means the growth is estimated at -22.22% and -50%, respectively. Analysts estimate full-year growth to be 2.44%, the target being $0.42 a share. The upcoming year will see an increase in growth by percentage to -19.05%, more likely to see it hit the $0.34 per share. The firm’s current profit margin over the past 12 months is 38.4%. EPM ranks higher in comparison to an average of 17.87% for industry peers; while the average for the sector is 76.66%.