The stock of Innovid Corp (CTV) has gone down by -5.83% for the week, with a -22.40% drop in the past month and a 25.16% rise in the past quarter. The volatility ratio for the week is 10.74%, and the volatility levels for the past 30 days are 9.55% for CTV.. The simple moving average for the past 20 days is -15.38% for CTV’s stock, with a 26.80% simple moving average for the past 200 days.
Is It Worth Investing in Innovid Corp (NYSE: CTV) Right Now?
Moreover, the 36-month beta value for CTV is 3.26. Analysts have varying opinions 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 89.96M and currently, short sellers hold a 0.40% of that float. On May 09, 2024, CTV’s average trading volume was 305.59K shares.
CTV) stock’s latest price update
Innovid Corp (NYSE: CTV)’s stock price has gone decline by -12.61 in comparison to its previous close of 2.22, however, the company has experienced a -5.83% decrease in its stock price over the last five trading days. Business Wire reported 2024-05-02 that NEW YORK–(BUSINESS WIRE)–Innovid Corp. (NYSE:CTV) (the “Company”), a leading software platform for the creation, delivery, measurement, and optimization of advertising across connected TV (CTV), linear TV, and digital, today announced that management will participate in the following investor conferences: Oppenheimer 9th Annual Emerging Growth Conference When: Thursday, May 9, 2024 Where: Virtual 19th Annual Needham Technology, Media, & Consumer Conference When: Tuesday, May 14, 2024 Fire.
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 -12.55% 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 -24.81% of loss for the given period.
Volatility was left at 9.55%, however, over the last 30 days, the volatility rate increased by 10.74%, as shares sank -20.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.86% upper at present.
During the last 5 trading sessions, CTV fell by -5.83%, which changed the moving average for the period of 200-days by +73.21% in comparison to the 20-day moving average, which settled at $2.27. In addition, Innovid Corp saw 29.33% 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:
- -0.14 for the present operating margin
- 0.74 for the gross margin
The net margin for Innovid Corp stands at -0.2. The total capital return value is set at -0.1. Equity return is now at value -14.92, with -11.96 for asset returns.
Based on Innovid Corp (CTV), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.43. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -8.28.
Currently, EBITDA for the company is -5.46 million with net debt to EBITDA at -0.91. When we switch over and look at the enterprise to sales, we see a ratio of 1.78. The receivables turnover for the company is 3.49for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.23.
Conclusion
To wrap up, the performance of Innovid Corp (CTV) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
