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The closing price of Cardlytics Inc (NASDAQ: CDLX) was $3.68 for the day, down -1.87% from the previous closing price of $3.75. In other words, the price has decreased by -$1.87 from its previous closing price. On the day, 1.52 million shares were traded. CDLX stock price reached its highest trading level at $3.8299 during the session, while it also had its lowest trading level at $3.51.
Ratios:
Our analysis of CDLX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 1.77. In the meantime, Its Debt-to-Equity ratio is 1.06 whereas as Long-Term Debt/Eq ratio is at 1.05.
On August 15, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $4 to $3.50.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 15 ’24 when DeSieno Alexis sold 90,912 shares for $3.71 per share. The transaction valued at 337,102 led to the insider holds 90,986 shares of the business.
DeSieno Alexis bought 90,912 shares of CDLX for $337,138 on Aug 15 ’24. On Aug 12 ’24, another insider, Hill Scott A, who serves as the Director of the company, bought 40,000 shares for $3.58 each. As a result, the insider paid 143,200 and bolstered with 40,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CDLX now has a Market Capitalization of 183411568 and an Enterprise Value of 334158592. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 1.094 whereas that against EBITDA is -10.118.
Stock Price History:
Over the past 52 weeks, CDLX has reached a high of $20.52, while it has fallen to a 52-week low of $2.89. The 50-Day Moving Average of the stock is -52.59%, while the 200-Day Moving Average is calculated to be -59.79%.
Shares Statistics:
CDLX traded an average of 1.15M shares per day over the past three months and 3625080 shares per day over the past ten days. A total of 49.84M shares are outstanding, with a floating share count of 47.44M. Insiders hold about 4.82% of the company’s shares, while institutions hold 68.47% stake in the company. Shares short for CDLX as of 1722384000 were 7515690 with a Short Ratio of 6.55, compared to 1719532800 on 7702934. Therefore, it implies a Short% of Shares Outstanding of 7515690 and a Short% of Float of 18.110001.
