During the last session, Innovid Corp (NYSE:CTV)’s traded shares were 35.33 million, with the beta value of the company hitting 3.02. At the end of the trading day, the stock’s price was $3.03, reflecting an intraday gain of 86.73% or $1.41. The 52-week high for the CTV share is $2.58, that puts it up 14.85 from that peak though still a striking 58.75% gain since the share price plummeted to a 52-week low of $1.25. The company’s market capitalization is $449.14M, and the average intraday trading volume over the past 10 days was 0.39 million shares, and the average trade volume was 217.70K shares over the past three months.
Innovid Corp (CTV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. CTV has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.0.
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Innovid Corp (NYSE:CTV) trade information
Innovid Corp (CTV) registered a 86.73% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 86.73% in intraday trading to $3.03, hitting a weekly high. The stock’s 5-day price performance is 75.87%, and it has moved by 66.21% in 30 days. Based on these gigs, the overall price performance for the year is 132.69%. The short interest in Innovid Corp (NYSE:CTV) is 1.31 million shares and it means that shorts have 8.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.5, which implies a decrease of -21.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $2.5 respectively. As a result, CTV is trading at a premium of 17.49% off the target high and 17.49% off the low.
Innovid Corp (CTV) estimates and forecasts
Statistics show that Innovid Corp has outperformed its competitors in share price, compared to the industry in which it operates. Innovid Corp (CTV) shares have gone up 42.69% during the last six months, with a year-to-date growth rate more than the industry average at 41.67% against 24.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -100.00% this quarter and then drop -4.17% in the quarter after that. In the rating firms’ projections, revenue will increase 8.53% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 38.8M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 38.95M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 38.62M and 36.74M respectively. In this case, analysts expect current quarter sales to grow by 0.47% and then jump by 6.02% in the coming quarter.
While earnings are projected to return 66.67% in 2024.
CTV Dividends
Innovid Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Innovid Corp (NYSE:CTV)’s Major holders
Innovid Corp insiders own 13.23% of total outstanding shares while institutional holders control 55.96%, with the float percentage being 64.48%.
Also, the Mutual Funds coming in first place with the largest holdings of Innovid Corp (CTV) shares are Vanguard Total Stock Market Index Fund and Columbia Fds Ser Tr I-Columbia Small Cap Value Fd I. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.55 shares. This amounts to just over 2.39 percent of the company’s overall shares, with a $10.71 million market value. The same data shows that the other fund manager holds slightly less at 2.5, or about 1.68% of the stock, which is worth about $7.54 million.
