Innodata Inc (NASDAQ:INOD) price on Friday, January 17, fall -0.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $36.78.
A look at the stock’s price movement, the close in the last trading session was $37.09, moving within a range at $36.7 and $38.32. The beta value (5-Year monthly) was 2.298 while the PE ratio in trailing twelve months stood at 62.00. Turning to its 52-week performance, $55.17 and $5.46 were the 52-week high and 52-week low respectively. Overall, INOD moved -2.60% over the past month.
Innodata Inc’s market cap currently stands at around $1.07 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 53.01M for the company’s revenue for the quarter, with a low and high estimate of 52.73M and 53.14M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INOD is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend INOD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
INOD’s current price about -7.35% and -7.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.54, while 7-day volatility ratio is 5.00% and 8.92% in the 30-day chart. Further, Innodata Inc (INOD) has a beta value of 2.59, and an average true range (ATR) of 3.57. Analysts have given the company’s stock an average 52-week price target of $35.5, forecast between a low of $23 and high of $48. Looking at the price targets, the low is 37.47% off current price level while to achieve the yearly target high, price needs to move -30.51%. Nonetheless, investors will most likely welcome a 3.48% jump to $35.5 which is the analysts’ median price.
If we refocus on Innodata Inc (NASDAQ:INOD), historical trading data shows that trading volumes averaged 1.4 over the past 10 days and 1.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 29.00 million shares.
The 5.49% of Innodata Inc’s shares are in the hands of company insiders while institutional holders own 41.47% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.85 million on 2024-12-31, giving us a short ratio of 1.97. The data shows that as of 2024-12-31 short interest in Innodata Inc (INOD) stood at 1422.0000999999997 of shares outstanding, with shares short rising to 2.77 million registered in 2024-11-29. Current price change has pushed the stock -6.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INOD stock continues to rise going into the next quarter.
