At the time of writing, Innodata Inc [INOD] stock is trading at $44.45, down -0.51%. An important factor to consider is whether the stock is rising or falling in short-term value. The INOD shares have gain 13.02% over the last week, with a monthly amount glided 129.12%, and 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.
For the past year, the stock price of Innodata Inc fluctuated between $5.46 and $49.72. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Innodata Inc [NASDAQ: INOD] shares were valued at $44.45 at the most recent close of the market. An investor can expect a potential drop of -48.26% based on the average INOD price forecast.
Analyzing the INOD fundamentals
According to Innodata Inc [NASDAQ:INOD], the company’s sales were 137.39M for trailing twelve months, which represents an 135.57% jump. Gross Profit Margin for this corporation currently stands at -2.47% with Operating Profit Margin at -2.72%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.62 and Total Capital is -6.41. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.24.
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 42.97 points at the first support level, and at 41.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.92, and for the 2nd resistance point, it is at 47.38.
Ratios To Look Out For
It is important to note that Innodata Inc [NASDAQ:INOD] has a current ratio of 1.84. On the other hand, the Quick Ratio is 1.84, and the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 9.38, the price to book ratio is 27.02 and price to earnings (TTM) ratio is 74.93.
Transactions by insiders
Recent insider trading involved Toor Nauman Sabeeh, Director, that happened on Nov 19 ’24 when 0.16 million shares were sold. Officer, JACK ABUHOFF & JENNIFER ABUHOF completed a deal on Nov 20 ’24 to buy 50000.0 shares. Meanwhile, Officer ASHOK KUMAR MISHRA bought 17274.0 shares on Nov 20 ’24.
