The stock of Innodata Inc (INOD) has seen a -9.90% decrease in the past week, with a -26.48% drop in the past month, and a -0.58% decrease in the past quarter. The volatility ratio for the week is 7.12%, and the volatility levels for the past 30 days are at 7.21% for INOD. The simple moving average for the past 20 days is -16.68% for INOD’s stock, with a 20.82% simple moving average for the past 200 days.
Is It Worth Investing in Innodata Inc (NASDAQ: INOD) Right Now?
Innodata Inc (NASDAQ: INOD) has a price-to-earnings ratio of 147.27x that is above its average ratio. Additionally, the 36-month beta value for INOD is 2.34. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for INOD is 26.86M and currently, short sellers hold a 13.44% ratio of that float. The average trading volume of INOD on September 19, 2024 was 549.49K shares.
INOD) stock’s latest price update
Innodata Inc (NASDAQ: INOD)’s stock price has dropped by -6.97 in relation to previous closing price of 14.77. Nevertheless, the company has seen a loss of -9.90% in its stock price over the last five trading days. fool.com reported 2024-09-11 that Palantir’s stock is on fire, but it could be getting overheated. Innodata could grow faster than Palantir as it rolls out more generative AI tools.
Analysts’ Opinion of INOD
Many brokerage firms have already submitted their reports for INOD stocks, with Craig Hallum repeating the rating for INOD by listing it as a “Buy.” The predicted price for INOD in the upcoming period, according to Craig Hallum is $23 based on the research report published on September 17, 2024 of the current year 2024.
Maxim Group, on the other hand, stated in their research note that they expect to see INOD reach a price target of $30. The rating they have provided for INOD stocks is “Buy” according to the report published on July 15th, 2024.
BWS Financial gave a rating of “Buy” to INOD, setting the target price at $24 in the report published on May 22nd of the current year.
INOD Trading at -20.45% 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 -36.33% of loss for the given period.
Volatility was left at 7.21%, however, over the last 30 days, the volatility rate increased by 7.12%, as shares sank -25.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.31% lower at present.
During the last 5 trading sessions, INOD fell by -9.90%, which changed the moving average for the period of 200-days by +103.25% in comparison to the 20-day moving average, which settled at $16.26. In addition, Innodata Inc saw 68.80% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for INOD
Current profitability levels for the company are sitting at:
- -3.58 for the present operating margin
- -3.28 for the gross margin
The net margin for Innodata Inc stands at 0.03. The total capital return value is set at -9.72. Equity return is now at value 12.08, with 5.10 for asset returns.
Based on Innodata Inc (INOD), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 1.58. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -4093.18.
Currently, EBITDA for the company is 5.66 million with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 3.6. The receivables turnover for the company is 5.91for trailing twelve months and the total asset turnover is 1.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.
Conclusion
In conclusion, Innodata Inc (INOD) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
