Inuvo Inc (INUV) Suffers From Weak Fundamental Momentum

ZM Stock

Inuvo Inc (AMEX:INUV) has a beta value of 1.15 and has seen 0.5 million shares traded in the recent trading session. The company, currently valued at $37.19M, closed the recent trade at $0.26 per share which meant it gained $0.02 on the day or 9.60% during that session. The INUV stock price is -119.23% off its 52-week high price of $0.57 and 53.85% above the 52-week low of $0.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.43 million shares traded. The 3-month trading volume is 408.88K shares.

Inuvo Inc (AMEX:INUV) trade information

Sporting 9.60% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the INUV stock price touched $0.26 or saw a rise of 4.41%. Year-to-date, Inuvo Inc shares have moved -37.69%, while the 5-day performance has seen it change 1.85%. Over the past 30 days, the shares of Inuvo Inc (AMEX:INUV) have changed -5.90%. Short interest in the company has seen 0.38 million shares shorted with days to cover at 1.16.

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Inuvo Inc (INUV) estimates and forecasts

Figures show that Inuvo Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -20.38% over the past 6 months, with this year growth rate of 87.50%, compared to 8.40% for the industry. Revenue growth from the last financial year stood is estimated to be 14.60%.

3 analysts offering their estimates for the company have set an average revenue estimate of 22.83M for the current quarter. 3 have an estimated revenue figure of 26.67M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.05% over the past 5 years. Earnings growth for 2024 is a modest 37.50% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.

INUV Dividends

Inuvo Inc is expected to release its next earnings report on 2024-Nov-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Inuvo Inc (AMEX:INUV)’s Major holders

Insiders own 14.38% of the company shares, while shares held by institutions stand at 19.33% with a share float percentage of 22.58%. Investors are also buoyed by the number of investors in a company, with Inuvo Inc having a total of 40.0 institutions that hold shares in the company. The top two institutional holders are PERKINS CAPITAL MANAGEMENT INC with over 6.9 million shares worth more than $1.77 million. As of 2024-06-30, PERKINS CAPITAL MANAGEMENT INC held 4.9742% of shares outstanding.

The other major institutional holder is HERALD INVESTMENT MANAGEMENT LTD, with the holding of over 6.09 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.57 million and represent 4.39% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 30, 2024, the former fund manager holds about 2.75% shares in the company for having 3.86 shares of worth $1.0 million while later fund manager owns 1.46 shares of worth $0.38 million as of Jun 30, 2024, which makes it owner of about 1.04% of company’s outstanding stock.