During the recent session, Innodata Inc (NASDAQ:INOD)’s traded shares were 0.41 million, with the beta value of the company hitting 2.35. At the last check today, the stock’s price was $14.30, reflecting an intraday gain of 4.11% or $0.56. The 52-week high for the INOD share is $21.58, that puts it down -50.91 from that peak though still a striking 61.82% gain since the share price plummeted to a 52-week low of $5.46. The company’s market capitalization is $414.69M, and the average intraday trading volume over the past 10 days was 0.44 million shares, and the average trade volume was 551.78K shares over the past three months.
Innodata Inc (INOD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.33. INOD has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.14.
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Innodata Inc (NASDAQ:INOD) trade information
Innodata Inc (INOD) registered a 4.11% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.11% in intraday trading to $14.30, hitting a weekly high. The stock’s 5-day price performance is -7.59%, and it has moved by -22.09% in 30 days. Based on these gigs, the overall price performance for the year is 83.16%. The short interest in Innodata Inc (NASDAQ:INOD) is 3.61 million shares and it means that shorts have 6.01 day(s) to cover.
The consensus price target of analysts on Wall Street is $23, which implies an increase of 37.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23 and $23 respectively. As a result, INOD is trading at a discount of -60.84% off the target high and -60.84% off the low.
Innodata Inc (INOD) estimates and forecasts
Statistics show that Innodata Inc has outperformed its competitors in share price, compared to the industry in which it operates. Innodata Inc (INOD) shares have gone up 118.06% during the last six months, with a year-to-date growth rate more than the industry average at 800.00% against 6.00.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 36.11M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 42.29M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.94%.
INOD Dividends
Innodata Inc is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Innodata Inc (NASDAQ:INOD)’s Major holders
Innodata Inc insiders own 6.95% of total outstanding shares while institutional holders control 40.59%, with the float percentage being 43.61%. BLACKROCK INC. is the largest shareholder of the company, while 109.0 institutions own stock in it. As of 2024-06-30, the company held over 1.88 million shares (or 6.5379% of all shares), a total value of $27.88 million in shares.
The next largest institutional holding, with 1.48 million shares, is of VANGUARD GROUP INC’s that is approximately 5.1594% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $22.0 million.
