In the latest session, Innovid Corp. (NYSE: CTV) closed at $2.99 down -0.33% from its previous closing price of $3.00. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 124820 shares were traded. CTV stock price reached its highest trading level at $3.0150 during the session, while it also had its lowest trading level at $2.9300.
For a deeper understanding of Innovid Corp.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.70 and its Current Ratio is at 2.70. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on September 13, 2022, initiated with a Underweight rating and assigned the stock a target price of $2.70.
As of this moment, Innovid’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.66 while its Price-to-Book (P/B) ratio in mrq is 1.87.
Stock Price History:
Over the past 52 weeks, CTV has reached a high of $9.97, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 2.8592, while the 200-Day Moving Average is calculated to be 3.7699.
For the past three months, CTV has traded an average of 540.55K shares per day and 209.06k over the past ten days. A total of 132.15M shares are outstanding, with a floating share count of 112.86M. Insiders hold about 0.70% of the company’s shares, while institutions hold 67.20% stake in the company. Shares short for CTV as of Oct 13, 2022 were 3.37M with a Short Ratio of 3.45M, compared to 1.65M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.55% and a Short% of Float of 4.29%.
There are 3 different market analysts currently analyzing its stock. The consensus estimate for the next quarter is -$0.02, with high estimates of -$0.02 and low estimates of -$0.03.
Analysts are recommending an EPS of between -$0.09 and -$0.13 for the fiscal current year, implying an average EPS of -$0.11. EPS for the following year is -$0.06, with 3 analysts recommending between $0.02 and -$0.15.
A total of 4 analysts have provided revenue estimates for CTV’s current fiscal year. The highest revenue estimate was $130.4M, while the lowest revenue estimate was $129.29M, resulting in an average revenue estimate of $129.92M. In the same quarter a year ago, actual revenue was $90.29M, up 43.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $161.77M in the next fiscal year. The high estimate is $173.4M and the low estimate is $155M. The average revenue growth estimate for next year is up 24.50% from the average revenue estimate for this year.