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Trade-Ideas LLC identified

CEVA

(

CEVA

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified CEVA as such a stock due to the following factors:

  • CEVA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.5 million.
  • CEVA has traded 19.910399999999999209876477834768593311309814453125 options contracts today.
  • CEVA is making at least a new 3-day high.
  • CEVA has a PE ratio of 69.
  • CEVA is mentioned 1.10 times per day on StockTwits.
  • CEVA has not yet been mentioned on StockTwits today.
  • CEVA is currently in the upper 20% of its 1-year range.
  • CEVA is in the upper 35% of its 20-day range.
  • CEVA is in the upper 45% of its 5-day range.
  • CEVA is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on CEVA:

CEVA, Inc. licenses signal processing intellectual property (IP) technologies to semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. CEVA has a PE ratio of 69. Currently there are 6 analysts that rate CEVA a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for CEVA has been 135,600 shares per day over the past 30 days. CEVA has a market cap of $534.9 million and is part of the technology sector and electronics industry. The stock has a beta of 0.83 and a short float of 3.2% with 4.34 days to cover. Shares are up 15.7% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates CEVA as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 5.7%. Since the same quarter one year prior, revenues rose by 19.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • CEVA has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 6.01, which clearly demonstrates the ability to cover short-term cash needs.
  • CEVA INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, CEVA INC turned its bottom line around by earning $0.30 versus -$0.05 in the prior year. This year, the market expects an improvement in earnings ($0.75 versus $0.30).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 270.4% when compared to the same quarter one year prior, rising from $0.49 million to $1.80 million.
  • Net operating cash flow has significantly increased by 135.11% to $0.24 million when compared to the same quarter last year. In addition, CEVA INC has also vastly surpassed the industry average cash flow growth rate of 3.15%.

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