The closing price of Innovid Corp (NYSE: CTV) was $1.80 for the day, down -2.70% from the previous closing price of $1.85. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 518863 shares were traded.
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Ratios:
Our analysis of CTV’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.31. For the most recent quarter (mrq), Quick Ratio is recorded 4.37 and its Current Ratio is at 3.99. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.11.
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.
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 Nov 22 when Callini Anthony bought 18,000 shares for $1.34 per share. The transaction valued at 24,077 led to the insider holds 488,000 shares of the business.
Callini Anthony bought 20,000 shares of CTV for $26,220 on Nov 21. The Chief Financial Officer now owns 470,000 shares after completing the transaction at $1.31 per share. On Nov 20, another insider, Helmreich David, who serves as the Chief Commercial Officer of the company, bought 20,000 shares for $1.31 each. As a result, the insider paid 26,200 and bolstered with 788,857 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, CTV now has a Market Capitalization of 254.15M and an Enterprise Value of 226.23M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.81 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 1.62 whereas that against EBITDA is -41.45.
Stock Price History:
Over the past 52 weeks, CTV has reached a high of $1.92, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is 1.5004, while the 200-Day Moving Average is calculated to be 1.2539.
Shares Statistics:
CTV traded an average of 215.87K shares per day over the past three months and 311.99k shares per day over the past ten days. A total of 141.19M shares are outstanding, with a floating share count of 88.91M. Insiders hold about 36.75% of the company’s shares, while institutions hold 25.87% stake in the company. Shares short for CTV as of Jan 31, 2024 were 947.67k with a Short Ratio of 3.94, compared to 893.16k on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.67% and a Short% of Float of 0.85%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.04, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of -$0.01.
Analysts are recommending an EPS of between $0.02 and -$0.04 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is $0.04, with 3 analysts recommending between $0.05 and $0.02.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $35.5M to a low estimate of $34.9M. As of the current estimate, Innovid Corp’s year-ago sales were $30.48M, an estimated increase of 15.50% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $39M, an increase of 21.90% over than the figure of $15.50% in the same quarter last year. There is a high estimate of $39.4M for the next quarter, whereas the lowest estimate is $38.6M.
A total of 4 analysts have provided revenue estimates for CTV’s current fiscal year. The highest revenue estimate was $159.5M, while the lowest revenue estimate was $155M, resulting in an average revenue estimate of $157.54M. In the same quarter a year ago, actual revenue was $139.88M, up 12.60% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $179.58M in the next fiscal year. The high estimate is $183.4M and the low estimate is $176.61M. The average revenue growth estimate for next year is up 14.00% from the average revenue estimate for this year.
