Could Perion Network Ltd. (PERI) Go Up After Making Yearly Low?

March 18, 2018 - By Nellie Frank

The stock of Perion Network Ltd. (NASDAQ:PERI) hit a new 52-week low and has $0.79 target or 3.00 % below today’s $0.81 share price. The 8 months bearish chart indicates high risk for the $63.05 million company. The 1-year low was reported on Mar, 18 by If the $0.79 price target is reached, the company will be worth $1.89M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.64% or $0.022 during the last trading session, reaching $0.813. About 282,646 shares traded or 117.52% up from the average. Perion Network Ltd. (NASDAQ:PERI) has risen 13.95% since March 18, 2017 and is uptrending. It has underperformed by 2.75% the S&P500.

Perion Network Ltd. (NASDAQ:PERI) Ratings Coverage

Among 2 analysts covering Perion Network (NASDAQ:PERI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Perion Network had 3 analyst reports since August 22, 2015 according to SRatingsIntel. Chardan Capital Markets upgraded Perion Network Ltd. (NASDAQ:PERI) on Wednesday, November 4 to “Buy” rating. The company was maintained on Saturday, August 22 by Benchmark. As per Monday, October 31, the company rating was downgraded by Benchmark.

Perion Network Ltd., a technology company, delivers advertising solutions to brands, advertising agencies, and publishers in North America, Europe, and internationally. The company has market cap of $63.05 million. It develops digital advertising solutions to capture consumer attention and drive engagement, as well as delivers ads across a portfolio of Websites and mobile applications. It currently has negative earnings. The company's proprietary social marketing platform offers a dashboard for marketers that make media buying efficient on Facebook, Instagram, Twitter, and other social networks and platforms.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.