Inotiv Inc [NOTV] stock prices are up 23.47% to $4.84 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NOTV shares have gain 15.51% over the last week, with a monthly amount glided 61.33%, 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 $6 within the next 12 months. Inotiv Inc [NASDAQ: NOTV] shares were valued at $4.84 at the most recent close of the market. An investor can expect a potential return of 23.97% based on the average NOTV price forecast.
Analyzing the NOTV fundamentals
The Inotiv Inc [NASDAQ:NOTV] reported sales of 490.74M for trailing twelve months, representing a drop of -7.33%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.27%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.53 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 4.27 points at the first support level, and at 3.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.30, and for the 2nd resistance point, it is at 5.76.
Ratios To Look Out For
It’s worth pointing out that Inotiv Inc [NASDAQ:NOTV]’s Current Ratio is 1.37. On the other hand, the Quick Ratio is 0.91, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 0.74.
Transactions by insiders
Recent insider trading involved Brown Nigel, Director, that happened on Dec 10 ’24 when 7500.0 shares were purchased. Director, Harrington Michael J completed a deal on Dec 06 ’24 to buy 10000.0 shares. Meanwhile, Director Landman David bought 100000.0 shares on Dec 06 ’24.
