The stock of Innodata Inc (INOD) has gone down by -9.65% for the week, with a 97.02% rise in the past month and a 127.82% rise in the past quarter. The volatility ratio for the week is 8.71%, and the volatility levels for the past 30 days are 11.35% for INOD. The simple moving average for the past 20 days is 13.56% for INOD’s stock, with a 164.90% 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 higher price-to-earnings ratio of 68.05x compared to its average ratio. INOD has 36-month beta value of 2.57. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for INOD is 27.23M, and currently, short sellers hold a 13.97% ratio of that float. The average trading volume of INOD on November 27, 2024 was 968.33K shares.
INOD) stock’s latest price update
The stock of Innodata Inc (NASDAQ: INOD) has decreased by -11.06 when compared to last closing price of 45.39.Despite this, the company has seen a loss of -9.65% in its stock price over the last five trading days. zacks.com reported 2024-11-19 that DOCS, PI and INOD are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
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 65.84% 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 -18.80% of loss for the given period.
Volatility was left at 11.35%, however, over the last 30 days, the volatility rate increased by 8.71%, as shares surge +86.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +173.32% upper at present.
During the last 5 trading sessions, INOD fell by -9.65%, which changed the moving average for the period of 200-days by +247.42% in comparison to the 20-day moving average, which settled at $35.55. In addition, Innodata Inc saw 395.95% 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 INOD starting from Massey Stewart R, who sale 2,000 shares at the price of $45.78 back on Nov 25 ’24. After this action, Massey Stewart R now owns 21,000 shares of Innodata Inc, valued at $91,560 using the latest closing price.
FORLENZA LOUISE C, the Director of Innodata Inc, sale 4,000 shares at $45.10 during a trade that took place back on Nov 25 ’24, which means that FORLENZA LOUISE C is holding 8,278 shares at $180,400 based on the most recent closing price.
Stock Fundamentals for INOD
Current profitability levels for the company are sitting at:
- -2.72 for the present operating margin
- -2.47 for the gross margin
The net margin for Innodata Inc stands at 0.15. The total capital return value is set at -6.41. Equity return is now at value 56.73, with 27.69 for asset returns.
Based on Innodata Inc (INOD), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 1.57. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -3340.72.
Currently, EBITDA for the company is 5.03 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 8.43. The receivables turnover for the company is 5.93for trailing twelve months and the total asset turnover is 1.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
To put it simply, Innodata Inc (INOD) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
