Innodata Inc (NASDAQ:INOD) traded at $53.84 at close of the session on Friday, February 14 and made an upward move of 2.96% on its previous day’s price.
Looking at the stock we see that its previous close was $52.29 and the beta (5Y monthly) reads 2.564 with the day’s price range being $50.2401 – $55.8099. The company has a trailing 12-month PE ratio of 90.76. In terms of its 52-week price range, INOD has a high of $55.17 and a low of $5.46. The company’s stock has gained about 46.22% over that past 30 days.
Innodata Inc has a market cap of $1.56 billion and is expected to release its quarterly earnings report in March.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 53.01M, with a low of 52.73M and a high of 53.14M.
On the other hand, looking at the outlook for the INOD stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Innodata Inc (INOD) stock as a Hold, while 1 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 34.02% off its SMA20 and 34.54% from its 50-day simple moving average. The RSI (14) is pointing at 73.51 while the volatility over the past week is 9.60% and jumps to 7.31% over the past one month. The beta value is 2.66, while the average true range (ATR) is currently pointing at 3.65. The average price target for the stock over the next 12 months is $35.5, with the estimates having a low of $23 and a high of $48. These price ends are 57.28% and 10.85% off the current price level respectively, although investors could be excited at the prospect of a 34.06% if the INOD share price touches on the median price of $35.5.
Coming back to Innodata Inc (NASDAQ:INOD), we note that the average 3-month trading volume was 1.64 million, while that of the preceding 10-day period stands at 1.47 million. Current shares outstanding are 29.00 million.
The insiders hold 5.50% of the company’s shares while institutions hold 52.30%. The data shows that short shares as of 2025-01-31, stood at 4.42 million at a short ratio of 3.38. This represents a 1633.00 short interest in shares outstanding on 2025-01-31. Shares short rose in January from the previous month at 3.85 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 36.23% up in year-to-date price movement.
