The trading price of Innodata Inc (NASDAQ:INOD) closed higher on Friday, February 07, and closing at $42.88, 7.71% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $40.25 and $43.8. The company’s P/E ratio in the trailing 12-month period was 72.29, while its 5Y monthly beta was 2.298. In examining the 52-week price action we see that the stock hit a 52-week high of $55.17 and a 52-week low of $5.46. Over the past month, the stock has gained 9.67% in value.
Innodata Inc, whose market valuation is $1.24 billion at the time of this writing, is expected to release its quarterly earnings report in March. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest INOD has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned INOD a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Innodata Inc (INOD) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that INOD’s price is currently 15.28% off the SMA20 and 8.84% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.89, and weekly volatility stands at 6.41%. When measured over the past 30 days, the indicator reaches 6.58%. Innodata Inc (NASDAQ:INOD)’s beta value is currently sitting at 2.66, while the Average True Range indicator is currently displaying 3.16. With analysts defining $23-$48 as the low and high price targets, we arrive at a consensus price target of $35.5 for the trailing 12-month period. The current price is about 46.36% off the estimated low and -11.94% off the forecast high, based on this estimate. Investors will be thrilled if INOD’s share price rises to $35.5, which is the median consensus price. At that level, INOD’s share price would be 17.21% above current price.
To see how Innodata Inc stock has been performing in comparison to its peers in the industry, here are the numbers: INOD stock’s performance was 7.71% in the latest trading, and 300.37% in the past year. Innodata Inc has a P/E ratio of 72.29.
An evaluation of the daily trading volume of Innodata Inc (NASDAQ:INOD) indicates that the 3-month average is 1.84 million. However, this figure has increased over the past 10 days to an average of 1.26.
Currently, records show that 29.00 million of the company’s shares remain outstanding. The insiders hold 5.49% of outstanding shares, whereas institutions hold 42.06%. The stats also highlight that short interest as of 2025-01-15, stood at 4.22 million shares, resulting in a short ratio of 2.7 at that time. From this, we can conclude that short interest is 1560.00 of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 3.37 million. However, since the stock’s price has seen 8.50% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
