Is Innovid Corp (NYSE: CTV) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Innovid to Participate in Upcoming Investor Conferences.

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Stocks Info

CTV belongs to the Communication Services sector of the NYSE while operating in the Advertising Agencies industry. At the end of the last regular session, the stock closed at $2.02 and fluctuated between $2.1500 as its day high and $1.9900 as its day low. The current market capitalization of Innovid Corp is $286.48M. A total of 1.4 million shares were traded on the day, compared to an average of 245.00K shares.

In the most recent transaction, Callini Anthony bought 11,000 shares of CTV for 1.82 per share on Feb 29 ’24. After the transaction, the Chief Financial Officer now owns 499,000 company shares. In a previous transaction on Feb 28 ’24, Netter Zvika bought 25,000 shares at 1.84 per share. CTV shares that Chief Executive Officer owns now total 4,085,733.

Among the insiders who bought shares, Callini Anthony acquired of 18,000 shares on Nov 22 ’23 at a per-share price of $1.34. This resulted in the Chief Financial Officer holding 488,000 shares of CTV after the transaction. In another insider transaction, Callini Anthony bought 20,000 shares at $1.31 per share on Nov 21 ’23. Company shares held by the Chief Financial Officer now total 470,000.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CTV has a high of $2.24 and a low of $0.75.

As of this writing, CTV has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.02.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CTV’s latest balance sheet shows that the firm has $156.70M in Cash & Short Term Investments as of fiscal 2021. There were $7.42M in debt and $21.85M in liabilities at the time. Its Book Value Per Share was $1.39, while its Total Shareholder’s Equity was $161.25M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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.

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