While Cardlytics Inc has underperformed by -4.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CDLX fell by -36.66%, with highs and lows ranging from $8.94 to $1.22, whereas the simple moving average fell by -13.92% in the last 200 days.
On October 11, 2024, Evercore ISI started tracking Cardlytics Inc (NASDAQ: CDLX) recommending In-line. A report published by Northland Capital on August 16, 2024, Downgraded its rating to ‘Market Perform’ for CDLX. BofA Securities also Downgraded CDLX shares as ‘Underperform’, setting a target price of $3.50 on the company’s shares in a report dated August 15, 2024. Lake Street August 08, 2024d its ‘Buy’ rating to ‘Hold’ for CDLX, as published in its report on August 08, 2024. BofA Securities also rated the stock as ‘Neutral’.
Analysis of Cardlytics Inc (CDLX)
Further, the quarter-over-quarter decrease in sales is -8.45%, showing a negative trend in the upcoming months.
Cardlytics Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -135.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.19, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and CDLX has an average volume of 1.32M. On a monthly basis, the volatility of the stock is set at 11.78%, whereas on a weekly basis, it is put at 19.73%, with a gain of 15.76% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.54, showing growth from the present price of $2.35, which can serve as yet another indication of whether CDLX is worth investing in or should be passed over.
How Do You Analyze Cardlytics Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 55.24% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
