In the past week, INOD stock has gone up by 7.11%, with a monthly gain of 4.80% and a quarterly plunge of -39.54%. The volatility ratio for the week is 8.73%, and the volatility levels for the last 30 days are 6.56% for Innodata Inc The simple moving average for the last 20 days is -0.46% for INOD stock, with a simple moving average of -28.78% for the last 200 days.
Is It Worth Investing in Innodata Inc (NASDAQ: INOD) Right Now?
Moreover, the 36-month beta value for INOD is 2.02. 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 INOD is 26.77M and currently, short sellers hold a 11.33% of that float. On April 25, 2024, INOD’s average trading volume was 478.56K shares.
INOD) stock’s latest price update
Innodata Inc (NASDAQ: INOD) has seen a rise in its stock price by 10.28 in relation to its previous close of 5.74. However, the company has experienced a 7.11% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-16 that Finding good prospects is crucial when making technological investments. In 2024, three gems stand ready to change the whole market narrative.
INOD Trading at -10.81% from the 50-Day Moving Average
After a stumble in the market that brought INOD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.79% of loss for the given period.
Volatility was left at 6.56%, however, over the last 30 days, the volatility rate increased by 8.73%, as shares surge +5.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.52% lower at present.
During the last 5 trading sessions, INOD rose by +7.11%, which changed the moving average for the period of 200-days by -43.98% in comparison to the 20-day moving average, which settled at $6.38. In addition, Innodata Inc saw -22.24% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INOD starting from Toor Nauman Sabeeh, who sale 23,383 shares at the price of $14.77 back on Aug 30 ’23. After this action, Toor Nauman Sabeeh now owns 700,000 shares of Innodata Inc, valued at $345,367 using the latest closing price.
Espineli Marissa B, the Interim CFO of Innodata Inc, sale 11,628 shares at $15.04 during a trade that took place back on Aug 30 ’23, which means that Espineli Marissa B is holding 0 shares at $174,885 based on the most recent closing price.
Stock Fundamentals for INOD
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.36 for the gross margin
The net margin for Innodata Inc stands at -0.01. The total capital return value is set at 0.01. Equity return is now at value -4.08, with -1.69 for asset returns.
Based on Innodata Inc (INOD), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.08. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 1.18.
Currently, EBITDA for the company is 5.66 million with net debt to EBITDA at -2.2. When we switch over and look at the enterprise to sales, we see a ratio of 2.0. The receivables turnover for the company is 6.07for trailing twelve months and the total asset turnover is 1.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
To wrap up, the performance of Innodata Inc (INOD) 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.
