The stock of Innovid Corp (NYSE:CTV) last traded at $1.85, up 3.35% from the previous session.
CTV stock price is now -11.80% away from the 50-day moving average and 10.00% away from the 200-day moving average. The market capitalization of the company currently stands at $267.16M.
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With the price target of $2.70, Morgan Stanley recently initiated with Underweight rating for Innovid Corp (NYSE: CTV).
In other news, SEQUOIA CAPITAL ISRAEL IV HOLD, 10% Owner sold 8,000,000 shares of the company’s stock on May 22 ’24. The stock was sold for $16,800,000 at an average price of $2.10. Upon completion of the transaction, the 10% Owner now directly owns 9,697,224 shares in the company, valued at $17.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, Chief Commercial Officer Helmreich David sold 50,000 shares of the business’s stock. A total of $104,720 was realized by selling the stock at an average price of $2.09. This leaves the insider owning 1,045,380 shares of the company worth $1.93 million. A total of 33.09% of the company’s stock is owned by insiders.
During the past 12 months, Innovid Corp has had a low of $0.95 and a high of $2.58. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 3.23, and a quick ratio of 3.23. The fifty day moving average price for CTV is $2.0878 and a two-hundred day moving average price translates $1.68501 for the stock.
The latest earnings results from Innovid Corp (NYSE: CTV) was released for 2024-03-31. The net profit margin was -20.24% and return on equity was -14.92% for CTV. The company reported revenue of $36.74 million for the quarter, compared to $30.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.51 percent.
