Cardlytics Inc [CDLX] stock prices are up 5.80% to $4.01 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CDLX shares have gain 8.97% over the last week, with a monthly amount drifted -52.09%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cardlytics Inc [NASDAQ: CDLX] stock has seen the most recent analyst activity on August 16, 2024, when Northland Capital downgraded its rating to a Market Perform but kept the price target unchanged to $5 for it. Previously, BofA Securities downgraded its rating to Underperform on August 15, 2024, and dropped its price target to $3.50. On August 08, 2024, downgrade downgraded it’s rating to Hold. Lake Street downgraded its rating to a Hold and decreased its price target to $5 on August 08, 2024. Craig Hallum downgraded its rating to a Hold. In a note dated June 18, 2024, Northland Capital initiated an Outperform rating and provided a target price of $14 on this stock.
The stock price of Cardlytics Inc [CDLX] has been fluctuating between $2.89 and $20.52 over the past year. Currently, Wall Street analysts expect the stock to reach $7.38 within the next 12 months. Cardlytics Inc [NASDAQ: CDLX] shares were valued at $4.01 at the most recent close of the market. An investor can expect a potential return of 84.04% based on the average CDLX price forecast.
Analyzing the CDLX fundamentals
The Cardlytics Inc [NASDAQ:CDLX] reported sales of 305.42M for trailing twelve months, representing a drop of -9.21%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.5%, and Net Profit Margin reading is -0.5%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.8 and Total Capital is -0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.83 points at the first support level, and at 3.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.21, and for the 2nd resistance point, it is at 4.41.
Ratios To Look Out For
It’s worth pointing out that Cardlytics Inc [NASDAQ:CDLX]’s Current Ratio is 1.77. Also, the Quick Ratio is 1.77, while the Cash Ratio stands at 0.68. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 0.94.
Transactions by insiders
Recent insider trading involved DeSieno Alexis, Chief Financial Officer, that happened on Aug 15 ’24 when 90912.0 shares were sold. Officer, DeSieno Alexis completed a deal on Aug 15 ’24 to buy 90912.0 shares. Meanwhile, Director Hill Scott A bought 40000.0 shares on Aug 12 ’24.
