A look at Innovid Corp’s (CTV) recent performance gives investors their first glimpse of hope.

Innovid Corp (NYSE: CTV) kicked off on Tuesday, down -6.22% from the previous trading day, before settling in for the closing price of $1.93. Over the past 52 weeks, CTV has traded in a range of $1.01-$2.58.

Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 27.35%. While this was happening, its average annual earnings per share was recorded 60.87%. With a float of $91.42 million, this company’s outstanding shares have now reached $141.19 million.

Considering the fact that the conglomerate employs 466 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 70.29%, operating margin of -5.38%, and the pretax margin is -7.99%.

Innovid Corp (CTV) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Advertising Agencies Industry. The insider ownership of Innovid Corp is 37.56%, while institutional ownership is 30.54%. The most recent insider transaction that took place on Oct 21 ’24, was worth 87,750. Before that another transaction happened on Oct 17 ’24, when Company’s Officer proposed sale 7,700 for $1.95, making the entire transaction worth $15,000.

Innovid Corp (CTV) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.01 earnings per share (EPS), higher than consensus estimate (set at -0.01) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 60.87% per share during the next fiscal year.

Innovid Corp (NYSE: CTV) Trading Performance Indicators

Take a look at Innovid Corp’s (CTV) current performance indicators. Last quarter, stock had a quick ratio of 2.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.77. Likewise, its price to free cash flow for the trailing twelve months is 16.72.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.15, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.00 in one year’s time.

Technical Analysis of Innovid Corp (CTV)

Compared to the last year’s volume of 0.34 million, its volume of 0.48 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 29.53%. Additionally, its Average True Range was 0.13.

During the past 100 days, Innovid Corp’s (CTV) raw stochastic average was set at 31.00%, which indicates a significant decrease from 38.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.85% in the past 14 days, which was lower than the 56.87% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.8352, while its 200-day Moving Average is $1.9364. Nevertheless, the first resistance level for the watch stands at $1.9000 in the near term. At $1.9900, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.1500. If the price goes on to break the first support level at $1.6500, it is likely to go to the next support level at $1.4900. Should the price break the second support level, the third support level stands at $1.4000.

Innovid Corp (NYSE: CTV) Key Stats

The company with the Market Capitalisation of 265.00 million has total of 146,407K Shares Outstanding. Its annual sales at the moment are 139,880 K in contrast with the sum of -31,910 K annual income. Company’s last quarter sales were recorded 37,950 K and last quarter income was -10,540 K.