Innovid Corp (NYSE: CTV)’s stock price has gone decline by -8.44 in comparison to its previous close of 2.25, however, the company has experienced a -8.85% decrease in its stock price over the last five trading days. Business Wire reported 2024-04-16 that NEW YORK–(BUSINESS WIRE)–Innovid (NYSE: CTV), an independent software platform for the creation, delivery, measurement, and optimization of advertising across connected TV (CTV), linear, and digital, today announced that it will release first quarter 2024 financial results before the market open on Tuesday, May 7, 2024. The Company will host a conference call to discuss its results at 8:30 a.m. ET that same day. Zvika Netter, Co-founder and Chief Executive Officer, and Anthony Callini, Chief.
Is It Worth Investing in Innovid Corp (NYSE: CTV) Right Now?
CTV has 36-month beta value of 3.28. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CTV is 88.45M, and currently, short sellers hold a 0.40% ratio of that float. The average trading volume of CTV on May 02, 2024 was 301.33K shares.
CTV’s Market Performance
CTV stock saw a decrease of -8.85% in the past week, with a monthly decline of -15.57% and a quarterly a decrease of 35.53%. The volatility ratio for the week is 9.99%, and the volatility levels for the last 30 days are 9.27% for Innovid Corp (CTV). The simple moving average for the past 20 days is -11.03% for CTV’s stock, with a 37.03% simple moving average for the past 200 days.
Analysts’ Opinion of CTV
Many brokerage firms have already submitted their reports for CTV stocks, with Morgan Stanley repeating the rating for CTV by listing it as a “Underweight.” The predicted price for CTV in the upcoming period, according to Morgan Stanley is $2.70 based on the research report published on September 13, 2022 of the previous year 2022.
CTV Trading at -4.60% from the 50-Day Moving Average
After a stumble in the market that brought CTV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.16% of loss for the given period.
Volatility was left at 9.27%, however, over the last 30 days, the volatility rate increased by 9.99%, as shares sank -10.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.64% upper at present.
During the last 5 trading sessions, CTV fell by -8.85%, which changed the moving average for the period of 200-days by +70.25% in comparison to the 20-day moving average, which settled at $2.30. In addition, Innovid Corp saw 37.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CTV starting from Callini Anthony, who purchase 11,000 shares at the price of $1.82 back on Feb 29 ’24. After this action, Callini Anthony now owns 499,000 shares of Innovid Corp, valued at $20,061 using the latest closing price.
Netter Zvika, the Chief Executive Officer of Innovid Corp, purchase 25,000 shares at $1.84 during a trade that took place back on Feb 28 ’24, which means that Netter Zvika is holding 4,085,733 shares at $45,970 based on the most recent closing price.
Stock Fundamentals for CTV
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.73 for the gross margin
The net margin for Innovid Corp stands at -0.23. The total capital return value is set at -0.13. Equity return is now at value -15.88, with -12.52 for asset returns.
Based on Innovid Corp (CTV), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58.
Currently, EBITDA for the company is -5.46 million with net debt to EBITDA at -2.02. When we switch over and look at the enterprise to sales, we see a ratio of 1.89. The receivables turnover for the company is 3.01for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.99.
Conclusion
To put it simply, Innovid Corp (CTV) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
