In yesterday’s Wall Street session, Innovid Corp (NYSE:CTV) shares traded at $3.05, up 1.33% from the previous session.
CTV stock price is now 61.19% away from the 50-day moving average and 55.85% away from the 200-day moving average. The market capitalization of the company currently stands at $459.13M.
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On September 13, 2022, Morgan Stanley recently initiated its ‘Underweight’ rating on the stock quoting a target price of $2.70
In other news, Callini Anthony, Officer bought 45,000 shares of the company’s stock on Oct 21 ’24. The stock was bought for $87,750 at an average price of $1.95. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 17 ’24, Officer Markus Kenneth bought 7,700 shares of the business’s stock. A total of $15,000 was incurred on buying the stock at an average price of $1.95. A total of 32.50% of the company’s stock is owned by insiders.
During the past 12 months, Innovid Corp has had a low of $1.25 and a high of $3.05. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 3.52, and a quick ratio of 3.52. The fifty day moving average price for CTV is $1.8922 and a two-hundred day moving average price translates $1.95705 for the stock.
The latest earnings results from Innovid Corp (NYSE: CTV) was released for 2024-09-30. The net profit margin was -9.09% and return on equity was -7.02% for CTV. The company reported revenue of $38.25 million for the quarter, compared to $36.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.57 percent. For the current quarter, analysts expect CTV to generate $38.8M in revenue.
