The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Cardlytics Inc (NASDAQ: CDLX) closed at $12.31 up 6.26% from its previous closing price of $11.59. In other words, the price has increased by $6.26 from its previous closing price. On the day, 0.72 million shares were traded. CDLX stock price reached its highest trading level at $12.32 during the session, while it also had its lowest trading level at $11.3031.
Ratios:
For a deeper understanding of Cardlytics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 1.97 whereas as Long-Term Debt/Eq ratio is at 1.96.
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 the company, Craig Hallum on March 15, 2024, Upgraded its rating to Buy and sets its target price to $18 from $10 previously.
On November 29, 2023, Lake Street started tracking the stock assigning a Buy rating and target price of $13.
Wells Fargo Downgraded its Equal Weight to Underweight on September 08, 2022, whereas the target price for the stock was revised from $14 to $13.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 24 ’24 when Gupta Amit sold 23,416 shares for $11.91 per share. The transaction valued at 278,885 led to the insider holds 122,676 shares of the business.
Lynton Nicholas Hollmeyer sold 276 shares of CDLX for $3,521 on Apr 23 ’24. The Chief Legal & Privacy Officer now owns 71,761 shares after completing the transaction at $12.76 per share. On Apr 02 ’24, another insider, Temsamani Karim Saad, who serves as the Chief Executive Officer of the company, sold 32,564 shares for $13.69 each. As a result, the insider received 445,801 and left with 344,734 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 593021952 and an Enterprise Value of 717258048. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 3.63. Its current Enterprise Value per Revenue stands at 2.32 whereas that against EBITDA is -19.276.
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 $4.94. The 50-Day Moving Average of the stock is 10.55%, while the 200-Day Moving Average is calculated to be 12.78%.
Shares Statistics:
For the past three months, CDLX has traded an average of 1.79M shares per day and 787460 over the past ten days. A total of 44.11M shares are outstanding, with a floating share count of 41.08M. Insiders hold about 6.83% of the company’s shares, while institutions hold 68.37% stake in the company. Shares short for CDLX as of 1713139200 were 5780006 with a Short Ratio of 3.23, compared to 1710460800 on 4483071. Therefore, it implies a Short% of Shares Outstanding of 5780006 and a Short% of Float of 14.510000000000002.
