Currently, Innodata Inc [INOD] is trading at $44.77, down -3.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The INOD shares have gain 21.82% over the last week, with a monthly amount glided 133.66%, 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.
This stock has fluctuated between a low of $5.46 and a high of $49.72 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Innodata Inc [NASDAQ: INOD] shares were valued at $44.77 at the most recent close of the market. An investor can expect a potential drop of -48.63% based on the average INOD price forecast.
Analyzing the INOD fundamentals
Trailing Twelve Months sales for Innodata Inc [NASDAQ:INOD] were 137.39M which represents 135.57% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
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 43.54 points at the first support level, and at 42.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.13, and for the 2nd resistance point, it is at 49.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Innodata Inc [NASDAQ:INOD] is 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 9.15, the price to book ratio is 27.21 and price to earnings (TTM) ratio is 75.47.
Transactions by insiders
Recent insider trading involved JACK ABUHOFF & JENNIFER ABUHOF, Officer, that happened on Nov 22 ’24 when 0.37 million shares were purchased. Officer, ASHOK KUMAR MISHRA completed a deal on Nov 22 ’24 to buy 90782.0 shares. Meanwhile, Interim CFO Espineli Marissa B sold 38333.0 shares on Nov 21 ’24.
