Innovid Corp (NYSE: CTV): Do Not Miss The Gain Train

Innovid Corp (CTV) concluded trading on Thursday at a closing price of $3.03, with 6.65 million shares of worth about $20.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 75.14% during that period and on Thursday the price saw a loss of about -1.94%. Currently the company’s common shares owned by public are about 147.77M shares, out of which, 101.01M shares are available for trading.

Stock saw a price change of -2.26% in past 5 days and over the past one month there was a price change of -0.33%. Year-to-date (YTD), CTV shares are showing a performance of -1.94% which increased to 96.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.25 but also hit the highest price of $3.40 during that period. The average intraday trading volume for Innovid Corp shares is 2.03 million. The stock is currently trading -1.40% below its 20-day simple moving average (SMA20), while that difference is up 19.49% for SMA50 and it goes to 42.79% higher than SMA200.

Innovid Corp (NYSE: CTV) currently have 147.77M outstanding shares and institutions hold larger chunk of about 30.24% of that.

The stock has a current market capitalization of $450.14M and its 3Y-monthly beta is at 3.27. It has posted earnings per share of -$0.10 in the same period. It has Quick Ratio of 3.52 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTV, volatility over the week remained 1.11% while standing at 1.42% over the month.

Stock’s fiscal year EPS is expected to rise by 66.67% while it is estimated to increase by 100.00% in next year.

Coverage by Morgan Stanley stated Innovid Corp (CTV) stock as an Underweight in their note to investors on September 13, 2022, suggesting a price target of $2.70 for the stock.

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