Inotiv Inc [NOTV] stock prices are up 6.56% to $3.90 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NOTV shares have gain 8.64% over the last week, with a monthly amount glided 120.34%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Inotiv Inc [NASDAQ: NOTV] stock has seen the most recent analyst activity on May 14, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $3.75 from $11.50. Previously, Jefferies upgraded its rating to Buy on February 09, 2024, and elevated its price target to $11.50. On July 20, 2023, Wells Fargo initiated with a Overweight rating and assigned a price target of $9 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $8 on January 19, 2023. Lake Street upgraded its rating to a Buy and raised its price target to $10 on January 11, 2023. Lake Street downgraded its rating to Hold for this stock on November 18, 2022, and downed its price target to $7. In a note dated October 04, 2022, Jefferies initiated an Buy rating and provided a target price of $27 on this stock.
The stock price of Inotiv Inc [NOTV] has been fluctuating between $1.23 and $11.42 over the past year. Currently, Wall Street analysts expect the stock to reach $7.33 within the next 12 months. Inotiv Inc [NASDAQ: NOTV] shares were valued at $3.90 at the most recent close of the market. An investor can expect a potential return of 87.95% based on the average NOTV price forecast.
Analyzing the NOTV fundamentals
The Inotiv Inc [NASDAQ:NOTV] reported sales of 501.06M for trailing twelve months, representing a drop of -32.82%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.43 and Total Capital is -0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.16.
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 3.66 points at the first support level, and at 3.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.19, and for the 2nd resistance point, it is at 4.49.
Ratios To Look Out For
It’s worth pointing out that Inotiv Inc [NASDAQ:NOTV]’s Current Ratio is 0.31. As well, the Quick Ratio is 0.19, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 0.21, the price to book ratio is 0.56.
Transactions by insiders
Recent insider trading involved Garrett Michael, Chief Commercial Officer, that happened on Dec 14 ’23 when 5000.0 shares were purchased. Chief Operating Officer, Beattie John Gregory completed a deal on Dec 14 ’23 to buy 47966.0 shares.
