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Saturday, April 1, 2023

Innovid Corp. (NYSE: CTV): Is It A Buying Opportunity Again?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Innovid Corp. (CTV) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -2.96%, to $1.64. The Innovid Corp. has recorded 149,891 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Innovid Reports Q4 and Fiscal Year 2022 Financial Results.

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Stocks Info

As a NYSE listed company, CTV falls under the Communication Services sector while operating within the Advertising Agencies industry segment. At the end of the last regular session, the stock closed at $1.69 and fluctuated between $1.9200 as its day high and $1.6600 as its day low. The current market capitalization of Innovid Corp. is $254.78M. A total of 1.05 million shares were traded on the day, compared to an average of 230.68K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CTV has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 112,172 shares. Over the last 12 months, there were 11 BUYs and 3 SELLs from insiders. Insiders purchased 1,126,514 shares during that period but sold 112,172.

In the most recent transaction, Netter Zvika sold 83,260 shares of CTV for 1.19 per share on Jan 04. After the transaction, the Chief Executive Officer now owns 2,720,733 company shares. In a previous transaction on Jan 04, Chalozin Tal sold 14,510 shares at 1.18 per share. CTV shares that Chief Technology Officer owns now total 2,300,164.

Among the insiders who sold shares, Andreev-Kaspin Tanya disposed of 14,402 shares on Jan 04 at a per-share price of $1.19. This resulted in the Chief Financial Officer holding 318,048 shares of CTV after the transaction.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CTV in the last 3 months, the mean price target is $3.10 with high estimates of $5.00 and low estimates of $2.00. In terms of 52-week highs and lows, CTV has a high of $7.49 and a low of $1.05.

As of this writing, CTV has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.03. The company reported an EPS of $0.03 in the last quarter, which was 200.00% higher than expectations of -$0.03.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTV is Buy with a score of 4.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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