In today’s recent session, 0.68 million shares of the Inotiv Inc (NASDAQ:NOTV) have been traded, and its beta is 3.41. Most recently the company’s share price was $1.51, and it changed around -$0.03 or -1.95% from the last close, which brings the market valuation of the company to $39.26M. NOTV at last check was trading at a discount to its 52-week high of $11.42, offering almost -656.29% off that amount. The share price’s 52-week low was $1.48, which indicates that the recent value has risen by an impressive 1.99% since then. We note from Inotiv Inc’s average daily trading volume that its 10-day average is 0.12 million shares, with the 3-month average coming to 214.45K.
Inotiv Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended NOTV as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
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Inotiv Inc (NASDAQ:NOTV) trade information
Instantly NOTV has been showing red trend so far today with a performance of -1.95% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.6300 on recent trading dayincreased the stock’s daily price by 7.36%. The company’s shares are currently down -58.86% year-to-date, but still down -4.43% over the last five days. On the other hand, Inotiv Inc (NASDAQ:NOTV) is -22.56% down in the 30-day period. We can see from the shorts that 1.55 million shares have been sold at a short interest cover period of 7.41 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 83.22% from its current value. Analyst projections state that NOTV is forecast to be at a low of $8 and a high of $10.
Inotiv Inc (NOTV) estimates and forecasts
Inotiv Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -77.16 percent over the past six months and at a 79.67% annual growth rate that is well above the industry average of 19.70%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -184.24%.
NOTV Dividends
Inotiv Inc’s next quarterly earnings report is expected to be released on 2024-Dec-09.
Inotiv Inc (NASDAQ:NOTV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.48% of Inotiv Inc shares, and 17.32% of them are in the hands of institutional investors. The stock currently has a share float of 20.02%. Inotiv Inc stock is held by 75.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.075% of the shares, which is about 1.05 million shares worth $1.75 million.
AMERICAN CENTURY COMPANIES INC, with 1.1443% or 0.3 million shares worth $0.49 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Mar 31, 2024. The former held 721.97 shares worth $1.09 million, making up 2.78% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 288.18 shares worth around $0.44 million, which represents about 1.11% of the total shares outstanding.
