Cardlytics Inc (NASDAQ:CDLX) price on Thursday, May 09,fall -36.51% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.27.
A look at the stock’s price movement, the close in the last trading session was $14.60. Turning to its 52-week performance, $20.52 and $4.94 were the 52-week high and 52-week low respectively. Overall, CDLX moved -30.41% over the past month.
Cardlytics Inc’s market cap currently stands at around $446.54 million.
Analysts have a consensus estimate of 67.61M for the company’s revenue for the quarter, with a low and high estimate of 70.99M and 72.4M respectively. The average forecast suggests up to a 5.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 337.79M, representing a 9.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CDLX is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CDLX’s current price about -29.36% and -25.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.82, while 7-day volatility ratio is 10.90% and 8.03% in the 30-day chart. Further, Cardlytics Inc (CDLX) has a beta value of 1.78, and an average true range (ATR) of 1.47.
If we refocus on Cardlytics Inc (NASDAQ:CDLX), historical trading data shows that trading volumes averaged 1.71 million over the past 3 months. The company’s latest data on shares outstanding shows there are 48.17 million shares.
The 5.92% of Cardlytics Inc’s shares are in the hands of company insiders while institutional holders own 63.15% of the company’s shares. Current price change has pushed the stock 0.65% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CDLX stock continues to rise going into the next quarter.