The stock price of Inotiv Inc (NASDAQ: NOTV) has jumped by 11.50 compared to previous close of 3.94. Despite this, the company has seen a fall of -20.85% in its stock price over the last five trading days. globenewswire.com reported 2024-12-23 that WEST LAFAYETTE, Ind., Dec. 23, 2024 (GLOBE NEWSWIRE) — Inotiv, Inc. (Nasdaq: NOTV) (the “Company”), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services and research models and related products and services, today announced that it had raised approximately $24.0 million in net proceeds from its underwritten public offering of 6,000,000 common shares at a price to the public of $4.25 per share. All the shares were offered and sold by the Company. The Company closed on the sale of the initial 6,000,000 common shares on December 19, 2024.
Is It Worth Investing in Inotiv Inc (NASDAQ: NOTV) Right Now?
Moreover, the 36-month beta value for NOTV is 3.63. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for NOTV is 27.08M and currently, short sellers hold a 5.23% of that float. On December 24, 2024, NOTV’s average trading volume was 683.58K shares.
NOTV’s Market Performance
The stock of Inotiv Inc (NOTV) has seen a -20.85% decrease in the past week, with a 22.37% rise in the past month, and a 196.82% gain in the past quarter. The volatility ratio for the week is 17.04%, and the volatility levels for the past 30 days are at 17.16% for NOTV. The simple moving average for the past 20 days is 1.91% for NOTV’s stock, with a 37.34% 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 40.45% 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 -61.52% of loss for the given period.
Volatility was left at 17.16%, however, over the last 30 days, the volatility rate increased by 17.04%, as shares surge +15.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +145.45% upper at present.
During the last 5 trading sessions, NOTV fell by -22.16%, which changed the moving average for the period of 200-days by -43.38% in comparison to the 20-day moving average, which settled at $4.31. In addition, Inotiv Inc saw 19.70% 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 NOTV starting from Landman David, who purchase 23,529 shares at the price of $4.25 back on Dec 19 ’24. After this action, Landman David now owns 176,851 shares of Inotiv Inc, valued at $99,998 using the latest closing price.
Beattie John Gregory, the Chief Operating Officer of Inotiv Inc, purchase 30,000 shares at $4.75 during a trade that took place back on Dec 10 ’24, which means that Beattie John Gregory is holding 161,761 shares at $142,500 based on the most recent closing price.
Stock Fundamentals for NOTV
Current profitability levels for the company are sitting at:
- -0.17 for the present operating margin
- 0.17 for the gross margin
The net margin for Inotiv Inc stands at -0.22. The total capital return value is set at -0.12. Equity return is now at value -49.33, with -12.77 for asset returns.
Based on Inotiv Inc (NOTV), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -0.44. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -1.74.
Currently, EBITDA for the company is -26.76 million with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 6.67for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To wrap up, the performance of Inotiv Inc (NOTV) has been better in recent times. The stock has received a bullish 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.
