CTV Stock Summary and Trading Ideas (Innovid Corp. | NYSE:CTV)

Innovid Corp is a software platform that provides ad serving, measurement and optimization creative services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV and desktop TV environments to advertisers, publishers and media agencies. It is engaged in ad serving, measurement and creative services. It operates in U.S., Canada, EMEA, APAC and LATAM, out of which it derives maximum revenue from U.S.

Innovid Corp. trades on the NYSE stock market under the symbol CTV.

As of December 10, 2024, CTV stock price climbed to $3.07 with 2,596,433 million shares trading.

CTV has a beta of 2.07, meaning it tends to be more sensitive to market movements. CTV has a correlation of 0.09 to the broad based SPY ETF.

CTV has a market cap of $455.81 million. This is considered a Small Cap stock.

Last quarter Innovid Corp. reported $38 million in Revenue and $.03 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.03.

In the last 3 years, CTV traded as high as $8.50 and as low as $.75.

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

CTV has outperformed the market in the last year with a price return of +93.1% while the SPY ETF gained +32.5%. CTV has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +86.1% and +1.0%, respectively, while the SPY returned +10.2% and +0.4%, respectively.

CTV support price is $2.95 and resistance is $3.17 (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 CTV shares will trade within this expected range on the day.