Innodata Inc (NASDAQ: INOD) has a higher price-to-earnings ratio of 63.05x compared to its average ratio. INOD has 36-month beta value of 2.58. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for INOD is 27.44M, and currently, short sellers hold a 10.11% ratio of that float. The average trading volume of INOD on December 17, 2024 was 1.35M shares.
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INOD) stock’s latest price update
The stock of Innodata Inc (NASDAQ: INOD) has decreased by -0.95 when compared to last closing price of 37.76. Despite this, the company has experienced a -2.30% fall in its stock price over the last five trading sessions. zacks.com reported 2024-12-16 that These five small and mid-sized stocks have strong earnings and revenue growth potential for 2025. These are: FIVN, INOD, AEYE, PATH, BBAI.
INOD’s Market Performance
Innodata Inc (INOD) has seen a -2.30% fall in stock performance for the week, with a 1.77% gain in the past month and a 172.19% surge in the past quarter. The volatility ratio for the week is 10.18%, and the volatility levels for the past 30 days are at 10.79% for INOD. The simple moving average for the past 20 days is -9.43% for INOD’s stock, with a 114.25% simple moving average for the past 200 days.
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 19.68% 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 -32.21% of loss for the given period.
Volatility was left at 10.79%, however, over the last 30 days, the volatility rate increased by 10.18%, as shares sank -9.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +143.88% upper at present.
During the last 5 trading sessions, INOD fell by -1.57%, which changed the moving average for the period of 200-days by +416.87% in comparison to the 20-day moving average, which settled at $41.31. In addition, Innodata Inc saw 359.45% 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 ASHOK KUMAR MISHRA, who proposed sale 43,000 shares at the price of $54.05 back on Dec 09 ’24. After this action, ASHOK KUMAR MISHRA now owns shares of Innodata Inc, valued at $2,324,223 using the latest closing price.
MISHRA ASHOK, the EVP and COO of Innodata Inc, sale 43,000 shares at $54.05 during a trade that took place back on Dec 09 ’24, which means that MISHRA ASHOK is holding 0 shares at $2,324,328 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.
Currently, EBITDA for the company is 5.03 million with net debt to EBITDA at 0.06. When we switch over and look at the enterprise to sales, we see a ratio of 7.65. 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’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.
