Inotiv Inc (NASDAQ: NOTV)’s stock price has decreased by -13.28 compared to its previous closing price of 5.42. However, the company has seen a -28.68% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that If you are looking for stocks that are well positioned to maintain their recent uptrend, Inotiv (NOTV) could be a great choice. It is one of the several stocks that passed through our “Recent Price Strength” screen.
Is It Worth Investing in Inotiv Inc (NASDAQ: NOTV) Right Now?
Moreover, the 36-month beta value for NOTV is 3.34. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NOTV is 23.00M and currently, short sellers hold a 4.07% of that float. On April 19, 2024, NOTV’s average trading volume was 429.75K shares.
NOTV’s Market Performance
NOTV’s stock has seen a -28.68% decrease for the week, with a -48.01% drop in the past month and a 36.63% gain in the past quarter. The volatility ratio for the week is 10.19%, and the volatility levels for the past 30 days are at 11.12% for Inotiv Inc The simple moving average for the past 20 days is -43.76% for NOTV’s stock, with a 3.72% simple moving average for the past 200 days.
Analysts’ Opinion of NOTV
Many brokerage firms have already submitted their reports for NOTV stocks, with Jefferies repeating the rating for NOTV by listing it as a “Buy.” The predicted price for NOTV in the upcoming period, according to Jefferies is $11.50 based on the research report published on February 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see NOTV reach a price target of $9. The rating they have provided for NOTV stocks is “Overweight” according to the report published on July 20th, 2023.
Jefferies gave a rating of “Hold” to NOTV, setting the target price at $8 in the report published on January 19th of the previous year.
NOTV Trading at -36.60% from the 50-Day Moving Average
After a stumble in the market that brought NOTV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.83% of loss for the given period.
Volatility was left at 11.12%, however, over the last 30 days, the volatility rate increased by 10.19%, as shares sank -51.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.67% upper at present.
During the last 5 trading sessions, NOTV fell by -28.68%, which changed the moving average for the period of 200-days by -2.49% in comparison to the 20-day moving average, which settled at $8.11. In addition, Inotiv Inc saw 28.07% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NOTV starting from Beattie John Gregory, who purchase 47,966 shares at the price of $3.12 back on Dec 14 ’23. After this action, Beattie John Gregory now owns 111,761 shares of Inotiv Inc, valued at $149,836 using the latest closing price.
Garrett Michael, the Chief Commercial Officer of Inotiv Inc, purchase 5,000 shares at $2.83 during a trade that took place back on Dec 14 ’23, which means that Garrett Michael is holding 16,467 shares at $14,145 based on the most recent closing price.
Stock Fundamentals for NOTV
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.28 for the gross margin
The net margin for Inotiv Inc stands at -0.06. The total capital return value is set at 0.0. Equity return is now at value -12.41, with -3.89 for asset returns.
Based on Inotiv Inc (NOTV), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.54. The interest coverage ratio of the stock is 0.06.
Currently, EBITDA for the company is 39.86 million with net debt to EBITDA at 6.56. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 6.25for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
To wrap up, the performance of Inotiv Inc (NOTV) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
