The stock of Inotiv Inc (NASDAQ: NOTV) has decreased by -14.93 when compared to last closing price of 3.75.Despite this, the company has seen a gain of 14.34% in its stock price over the last five trading days. globenewswire.com reported 2024-11-21 that Acquiring and Developing Services and Resources to Build a Full Service, Customer-Focused CRO has Fueled 847% Revenue Growth Acquiring and Developing Services and Resources to Build a Full Service, Customer-Focused CRO has Fueled 847% Revenue Growth
Is It Worth Investing in Inotiv Inc (NASDAQ: NOTV) Right Now?
Company’s 36-month beta value is 3.61.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for NOTV is 22.14M, and currently, short sellers hold a 5.84% ratio of that floaft. The average trading volume of NOTV on November 27, 2024 was 270.12K shares.
NOTV’s Market Performance
NOTV stock saw an increase of 14.34% in the past week, with a monthly gain of 75.27% and a quarterly increase of 127.86%. The volatility ratio for the week is 16.91%, and the volatility levels for the last 30 days are 14.41% for Inotiv Inc (NOTV). The simple moving average for the past 20 days is 17.35% for NOTV’s stock, with a -7.00% 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 “Hold.” The predicted price for NOTV in the upcoming period, according to Jefferies is $3.75 based on the research report published on May 14, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see NOTV reach a price target of $11.50, previously predicting the price at $3. The rating they have provided for NOTV stocks is “Buy” according to the report published on February 09th, 2024.
Wells Fargo gave a rating of “Overweight” to NOTV, setting the target price at $9 in the report published on July 20th of the previous year.
NOTV Trading at 49.74% 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 -72.06% of loss for the given period.
Volatility was left at 14.41%, however, over the last 30 days, the volatility rate increased by 16.91%, as shares surge +75.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +79.21% upper at present.
During the last 5 trading sessions, NOTV rose by +14.34%, which changed the moving average for the period of 200-days by -41.36% in comparison to the 20-day moving average, which settled at $2.72. In addition, Inotiv Inc saw -13.08% 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 NOTV starting from Garrett Michael, who purchase 5,000 shares at the price of $2.83 back on Dec 14 ’23. After this action, Garrett Michael now owns 16,467 shares of Inotiv Inc, valued at $14,145 using the latest closing price.
Beattie John Gregory, the Chief Operating Officer of Inotiv Inc, purchase 47,966 shares at $3.12 during a trade that took place back on Dec 14 ’23, which means that Beattie John Gregory is holding 111,761 shares at $149,836 based on the most recent closing price.
Stock Fundamentals for NOTV
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.19 for the gross margin
The net margin for Inotiv Inc stands at -0.2. The total capital return value is set at -0.23. Equity return is now at value -43.31, with -12.18 for asset returns.
Based on Inotiv Inc (NOTV), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 2.16. The interest coverage ratio of the stock is -1.44.
Currently, EBITDA for the company is -26.51 million with net debt to EBITDA at -62.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 7.4for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
In a nutshell, Inotiv Inc (NOTV) has experienced a better performance in recent times. The stock has received mixed “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.
