Innodata Inc [INOD] stock prices are up 5.41% to $16.77 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INOD shares have gain 8.47% over the last week, with a monthly amount drifted -2.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Innodata Inc [NASDAQ: INOD] stock has seen the most recent analyst activity on September 17, 2024, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $23. Previously, Maxim Group started tracking the stock with Buy rating on July 15, 2024, and set its price target to $30. On May 22, 2024, BWS Financial initiated with a Buy rating and assigned a price target of $24 on the stock.
The stock price of Innodata Inc [INOD] has been fluctuating between $5.46 and $21.58 over the past year. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Innodata Inc [NASDAQ: INOD] shares were valued at $16.77 at the most recent close of the market. An investor can expect a potential return of 37.15% based on the average INOD price forecast.
Analyzing the INOD fundamentals
The Innodata Inc [NASDAQ:INOD] reported sales of 107.34M for trailing twelve months, representing a surge of 65.62%. Gross Profit Margin for this corporation currently stands at -3.28% with Operating Profit Margin at -3.58%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.11 and Total Capital is -9.72. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.83 points at the first support level, and at 14.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.27, and for the 2nd resistance point, it is at 17.78.
Ratios To Look Out For
It’s worth pointing out that Innodata Inc [NASDAQ:INOD]’s Current Ratio is 1.45. As well, the Quick Ratio is 1.45, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 4.53, the price to book ratio is 16.78 and price to earnings (TTM) ratio is 179.74.
