Innovid Corp (NYSE: CTV)’s stock price has increased by 86.73 compared to its previous closing price of 1.62. However, the company has seen a 75.88% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-11-21 that NEW YORK–(BUSINESS WIRE)–Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Innovid Corp. (NYSE: CTV) to Mediaocean for $3.15 per share is fair to Innovid shareholders. Halper Sadeh encourages Innovid shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Innovid and its board of directors vi.
Is It Worth Investing in Innovid Corp (NYSE: CTV) Right Now?
Additionally, the 36-month beta value for CTV is 3.02. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CTV is 92.09M and currently, short sellers hold a 1.43% ratio of that float. The average trading volume of CTV on November 21, 2024 was 217.70K shares.
CTV’s Market Performance
CTV stock saw an increase of 75.88% in the past week, with a monthly gain of 66.21% and a quarterly increase of 64.41%. The volatility ratio for the week is 5.56%, and the volatility levels for the last 30 days are 6.61% for Innovid Corp (CTV). The simple moving average for the last 20 days is 57.05% for CTV stock, with a simple moving average of 55.17% for the last 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 61.97% 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 able to rebound, for now settling with 17.25% of gains for the given period.
Volatility was left at 6.61%, however, over the last 30 days, the volatility rate increased by 5.56%, as shares surge +61.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +72.86% upper at present.
During the last 5 trading sessions, CTV rose by +75.87%, which changed the moving average for the period of 200-days by +95.16% in comparison to the 20-day moving average, which settled at $1.9262. In addition, Innovid Corp saw 101.67% 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 proposed sale 45,000 shares at the price of $1.95 back on Oct 21 ’24. After this action, Callini Anthony now owns shares of Innovid Corp, valued at $87,750 using the latest closing price.
Markus Kenneth, the Officer of Innovid Corp, proposed sale 7,700 shares at $1.95 during a trade that took place back on Oct 17 ’24, which means that Markus Kenneth is holding shares at $15,000 based on the most recent closing price.
Stock Fundamentals for CTV
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.72 for the gross margin
The net margin for Innovid Corp stands at -0.12. The total capital return value is set at -0.03. Equity return is now at value -7.02, with -5.67 for asset returns.
Currently, EBITDA for the company is -5.46 million with net debt to EBITDA at -8.85. When we switch over and look at the enterprise to sales, we see a ratio of 2.81. The receivables turnover for the company is 3.42for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.52.
Conclusion
In conclusion, Innovid Corp (CTV) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
