CDLX Stock Summary and Trading Ideas (Cardlytics | NASDAQ:CDLX)

Cardlytics Inc operates an advertising platform within financial institutions' digital channels, which include online, mobile, email, and various real-time notifications. The company operates through segments namely, Cardlytics platform in the U.S. and U.K., and the Bridg platform. The Cardlytics platform segment which generates key revenue, operates a proprietary native bank advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels. The Bridg platform generates revenue through the sale of subscriptions to the cloud-based customer-data platform and the delivery of professional services like implementation, onboarding, and technical support. The company receives maximum revenue from the United States.

Cardlytics trades on the NASDAQ stock market under the symbol CDLX.

As of April 22, 2024, CDLX stock price climbed to $12.58 with 740,255 million shares trading.

CDLX has a beta of 2.75, meaning it tends to be more sensitive to market movements. CDLX has a correlation of 0.05 to the broad based SPY ETF.

CDLX has a market cap of $606.03 million. This is considered a Small Cap stock.

Last quarter Cardlytics reported $89 million in Revenue and $.14 earnings per share. This fell short of revenue expectation by $-383,000 and exceeded earnings estimates by $.02.

In the last 3 years, CDLX stock traded as high as $145.00 and as low as $2.57.

The top ETF exchange traded funds that CDLX belongs to (by Net Assets): VTI, IWM, VXF, PTF, IWN.

CDLX has outperformed the market in the last year with a return of +93.5%, while the SPY ETF gained +22.9%. In the last 3 month period, CDLX beat the market returning +90.6%, while SPY returned +3.7%. However, in the most recent 2 weeks CDLX has underperformed the stock market by returning -10.2%, while SPY returned -3.7%.

CDLX support price is $11.40 and resistance is $13.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CDLX stock will trade within this expected range on the day.