Cardlytics Inc. (NASDAQ:CDLX) went down by -4.89% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Internet Content & Information giant went up by $68.84 to trade ended Friday trading at $72.38. This is down from the $72.38 price recorded on Thursday’s trading session. Thanks to this latest performance, CDLX is closer to the higher price 52-week target of $55.00 and further from the lowest price target of $26.00. Its performance from the start of the year has also been positive, with CDLX up by 9.51% year-to-date.
Cardlytics Inc. (CDLX) started the day trading at $71.51 and recorded an intraday high of $73.23. It also recorded an intraday low of $67.64 during Friday’s trading session. Cardlytics Inc. is a very active stock that recorded a trading volume that is more than 57.32% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 2057575, which is more than 57.32 of the total average daily trading volume of 878.11K.
Cardlytics Inc. (NASDAQ:CDLX) 2020 Performance Impressive
The increase in CDLX’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CDLX currently stands at $107.50, which is higher than the current trading price of the stock by 35.96%. However, CDLX’s current trading price is -192.94% lower than the 52-week low price of $23.50. In terms of trading volume, Cardlytics Inc. currently experienced healthy participation during the last trading session. 2057575 shares of Cardlytics Inc. were traded on the stock exchange on Friday, which is more than 57.32% of the 878.11K average trading volume of the stock.
The performance of the stock has been positive over the past year. CDLX’s performance over the past one year has seen it surge by 179.95%, while the stock has gone up by 7.09% in the last six months. The quarterly performance of CDLX currently stands at 86.05%, and it is up by 10.00% in the last month. The only negative figure was from the weekly performance, which currently reads -7.58%. At the time of writing CDLX’s report, the company has a total market cap of $1.95B, making it one of the largest publicly-traded companies in the world.Cardlytics Inc. also has over 446 employees all over the world.
CDLX Insider Activities
For Cardlytics Inc., insiders hold 84.80% of all company shares. The insider transactions over the past six months are up by 27.80%. During that period, insiders bought 1,423,618 shares in 48 transactions. In that same period, insiders sold 814,669 of their shares in 198 transactions. After these transactions, insiders at Cardlytics Inc. now hold 2.45M shares, which is over 84.58% of the total company stocks. Institutional investors currently hold a large chunk of the CDLX shares, as they control 9.08% of the company’s total stock.
CDLX Fundamental Analysis
For Cardlytics Inc., the stock’s diluted earnings per share (EPS) stands at -0.99. In the coming year, analysts expect the EPS to be -0.14.
The Return on Investment (ROI) on Cardlytics Inc.’s stock currently stands at -12.10%, and it has a net profit margin of -11.10%. The operating margin of the company is -10.40%, and its gross margin is 43.10%.
CDLX Analysts Prediction
The Craig Hallum has a Hold rating for Cardlytics Inc., predicting the stock price to stay between $100 and $70.
CDLX received a positive rating from BofA/Merrill, which set a price target of $22-$32 for the stock.
CDLX Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CDLX currently stands at -7.84%, while the SMA50 is 13.12%. The biggest one is the SMA200, which is currently reading 20.37% ahead of Friday’s trading session. The Relative Strength Index of this stock is 48.13.
