In last trading session, Innodata Inc. (NASDAQ:INOD) saw 1.04 million shares changing hands with its beta currently measuring 2.02. Company’s recent per share price level of $7.92 trading at -$0.51 or -6.05% at ring of the bell on the day assigns it a market valuation of $245.68M. That closing price of INOD’s stock is at a discount of -93.94% from its 52-week high price of $15.36 and is indicating a premium of 64.9% from its 52-week low price of $2.78. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.94 million shares which gives us an average trading volume of 700.64K if we extend that period to 3-months.
For Innodata Inc. (INOD), analysts’ consensus is at an average recommendation of a Hold. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
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Innodata Inc. (NASDAQ:INOD) trade information
Upright in the red during last session for losing -6.05%, in the last five days INOD remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $7.92 price level, adding 22.66% to its value on the day. Innodata Inc.’s shares saw a change of 167.12% in year-to-date performance and have moved -21.27% in past 5-day. Innodata Inc. (NASDAQ:INOD) showed a performance of -39.77% in past 30-days. Number of shares sold short was 2.63 million shares which calculate 4.18 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.00 to the stock, which implies a fall of -58.4% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $5.00. It follows that stock’s current price would jump 36.87% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.87% for stock’s current value.
Innodata Inc. (INOD) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -61.70% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -596.50% while estimates for its earnings growth in next 5 years are of 20.00%.
INOD Dividends
Innodata Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Innodata Inc. (NASDAQ:INOD)’s Major holders
Insiders are in possession of 8.32% of company’s total shares while institution are holding 22.52 percent of that, with stock having share float percentage of 24.56%. Investors also watch the number of corporate investors in a company very closely, which is 22.52% institutions for Innodata Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at INOD for having 1.68 million shares of worth $19.02 million. And as of Jun 29, 2023, it was holding 5.93% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 1.32 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.66% of outstanding shares, having a total worth of $14.95 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.83 million shares of worth $9.36 million or 2.92% of the total outstanding shares. The later fund manager was in possession of 0.57 million shares on Jul 30, 2023, making its stake of worth around $7.37 million in the company or a holder of 2.03% of company’s stock.
- Tags: Innodata Inc., INOD, INOD stock, NASDAQ:INOD
