Inotiv Inc (NASDAQ: NOTV) Stock Sentiment Check: What Does Wall Street Say?

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Inotiv Inc (NASDAQ:NOTV) traded at $4.66 at last check on current trade day and made a downward move of -16.04% on its previous day’s price.

Looking at the stock we see that its previous close was $5.55 and the beta (5Y monthly) reads 3.374 with the day’s price range being $4.3 – $4.852. In terms of its 52-week price range, NOTV has a high of $11.42 and a low of $1.23. The company’s stock has gained about 71.32% over that past 30 days.

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Inotiv Inc has a market cap of $121.23 million and is expected to release its quarterly earnings report in January.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 122.74M, with a low of 119.2M and a high of 126.65M. The median projection represents growth adding up to -9.42% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 515.48M, or 5.04% up from figures reported last year.

On the other hand, looking at the outlook for the NOTV stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy.

Based on estimates by 15 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Inotiv Inc (NOTV) stock as a Hold, while 8 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 10.13% off its SMA20 and 57.52% from its 50-day simple moving average. The RSI (14) is pointing at 57.22 while the volatility over the past week is 16.90% and jumps to 16.35% over the past one month. The beta value is 3.62, while the average true range (ATR) is currently pointing at 0.69. The average price target for the stock over the next 12 months is $6, with the estimates having a low of $6 and a high of $6. These price ends are -28.76% and -28.76% off the today’s price level respectively, although investors could be excited at the prospect of a -28.76% if the NOTV share price touches on the median price of $6.

Coming back to Inotiv Inc (NASDAQ:NOTV), we note that the average 3-month trading volume was 529.57K, while that of the preceding 10-day period stands at 1.64 million. Current shares outstanding are 26.02 million.

The insiders hold 15.42% of the company’s shares while institutions hold 13.53%. The data shows that short shares as of 2024-11-15, stood at 1.47 million at a short ratio of 5.29. This represents a 597.00 short interest in shares outstanding on 2024-11-15. Shares short rose in November from the previous month at 1.3 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 26.98% up in year-to-date price movement.

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