On Thursday IZEA Worldwide Inc (Nasdaq:IZEA) Closed At A New 52 Week Low of $0.51

IZEA
IZEA

IZEA Worldwide Inc (Nasdaq:IZEA)

June 13th, 2019

Amidst rising markets IZEA Worldwide Inc fell ($0.05) Thursday which equals a 8.11% decline, closing at $0.51. Sadly, in addition to dropping IZEA ended up closing the day at a new 52 week low.As well as the drop in value, IZEA Worldwide Inc hit a new 52 week low of $0.51, breaking the previous low of $0.54 from earlier this month. IZEA Worldwide Inc bounced 13.73% between low and high. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be -3.07.

IZEA was outperformed by the rest of the Consumer Discretionary sector which went up 0.90%.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

IZEA Worldwide Inc Info

IZEA Worldwide, Inc. creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company engages creator for influencer marketing campaigns, or to create content for the marketers’ use and distribution. It primarily sells influencer marketing and content campaigns through sales team and platforms. The company was formerly known as IZEA, Inc. and changed its name to IZEA Worldwide, Inc. in August 2018. IZEA Worldwide, Inc. was founded in 2006 and is headquartered in Winter Park, Florida.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that IZEA Worldwide Inc’s score is -3.07) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

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IZEA daily update

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