A share price of Inotiv Inc [NOTV] is currently trading at $3.78, up 1.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NOTV shares have gain 7.69% over the last week, with a monthly amount drifted -11.27%, and not 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.
Inotiv Inc experienced fluctuations in its stock price throughout the past year between $1.23 and $11.42. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Inotiv Inc [NASDAQ: NOTV] shares were valued at $3.78 at the most recent close of the market. An investor can expect a potential return of 58.73% based on the average NOTV price forecast.
Analyzing the NOTV fundamentals
Trailing Twelve Months sales for Inotiv Inc [NASDAQ:NOTV] were 475.11M which represents -11.53% decline. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.66 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
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 3.67 points at the first support level, and at 3.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.91, and for the 2nd resistance point, it is at 4.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Inotiv Inc [NASDAQ:NOTV] is 1.57. In addition, the Quick Ratio stands at 1.15 and the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 0.75.
Transactions by insiders
Recent insider trading involved Leasure Robert Jr., President and CEO, that happened on Jan 31 ’25 when 22700.0 shares were sold. Chief Financial Officer, Taylor Beth completed a deal on Jan 31 ’25 to sell 2054.0 shares. Meanwhile, Chief Strategy Officer Sagartz John E sold 2118.0 shares on Jan 31 ’25.
