Innovid Corp (NYSE: CTV) has seen a decline in its stock price by -0.07 in relation to its previous close of 3.04. However, the company has experienced a -0.39% decline in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-11-25 that Vancouver, British Columbia–(Newsfile Corp. – November 25, 2024) – CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) (“CleanTech” or the “Company”) is pleased to announce that it has entered into a Shares for Services Agreement with its senior management team effective November 1, 2024 (the “Shares for Services Agreement”). Pursuant to the terms of the Shares for Services Agreement, the senior management team has agreed to convert 15% of their salary into common shares in the capital of the Company (“Common Shares”) on a monthly basis.
Is It Worth Investing in Innovid Corp (NYSE: CTV) Right Now?
Company’s 36-month beta value is 3.31.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CTV is 100.28M, and currently, short sellers hold a 1.36% ratio of that floaft. The average trading volume of CTV on December 02, 2024 was 1.53M shares.
CTV’s Market Performance
CTV’s stock has seen a -0.39% decrease for the week, with a 59.06% rise in the past month and a 76.63% gain in the past quarter. The volatility ratio for the week is 0.73%, and the volatility levels for the past 30 days are at 4.98% for Innovid Corp The simple moving average for the past 20 days is 34.64% for CTV’s stock, with a 52.25% simple moving average for the past 200 days.
Analysts’ Opinion of CTV
Morgan Stanley, on the other hand, stated in their research note that they expect to see CTV reach a price target of $2.70. The rating they have provided for CTV stocks is “Underweight” according to the report published on September 13th, 2022.
CTV Trading at 51.31% 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 -0.39% of loss for the given period.
Volatility was left at 4.98%, however, over the last 30 days, the volatility rate increased by 0.73%, as shares surge +57.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +64.32% upper at present.
During the last 5 trading sessions, CTV fell by -0.33%, which changed the moving average for the period of 200-days by +105.41% in comparison to the 20-day moving average, which settled at $2.26. In addition, Innovid Corp saw 102.53% 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 Markus Kenneth, who proposed sale 17,000 shares at the price of $3.06 back on Dec 03 ’24. After this action, Markus Kenneth now owns shares of Innovid Corp, valued at $52,000 using the latest closing price.
Callini Anthony, the Officer of Innovid Corp, proposed sale 45,000 shares at $1.95 during a trade that took place back on Oct 21 ’24, which means that Callini Anthony is holding shares at $87,750 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 2.82. 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 a nutshell, Innovid Corp (CTV) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
