In last trading session, Inotiv Inc (NASDAQ:NOTV) saw 1.27 million shares changing hands with its beta currently measuring 3.39. Company’s recent per share price level of $2.43 trading at $0.53 or 27.56% at ring of the bell on the day assigns it a market valuation of $63.19M. That closing price of NOTV’s stock is at a discount of -369.96% from its 52-week high price of $11.42 and is indicating a premium of 49.38% from its 52-week low price of $1.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.11 million shares which gives us an average trading volume of 147.75K if we extend that period to 3-months.
For Inotiv Inc (NOTV), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.91 in the current quarter.
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Inotiv Inc (NASDAQ:NOTV) trade information
Upright in the green during last session for gaining 27.56%, in the last five days NOTV remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $2.43 price level, adding 1.62% to its value on the day. Inotiv Inc’s shares saw a change of -33.79% in year-to-date performance and have moved 33.52% in past 5-day. Inotiv Inc (NASDAQ:NOTV) showed a performance of 32.07% in past 30-days. Number of shares sold short was 1.3 million shares which calculate 7.66 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 69.62% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -64.61% in reaching the projected high whereas dropping to the targeted low would mean a loss of -64.61% for stock’s current value.
Inotiv Inc (NOTV) estimates and forecasts
Statistics highlight that Inotiv Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -48.84% of value to its shares in past 6 months, showing an annual growth rate of 79.67% while that of industry is 18.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -16.60% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 116.94M for the same. And 1 analysts are in estimates of company making revenue of 127.43M in the next quarter. Company posted 140.74M and 132.86M of sales in current and next quarters respectively a year earlier.
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 -184.24% during past 5 years.
Inotiv Inc (NASDAQ:NOTV)’s Major holders
Insiders are in possession of 13.48% of company’s total shares while institution are holding 17.28 percent of that, with stock having share float percentage of 19.97%. Investors also watch the number of corporate investors in a company very closely, which is 17.28% institutions for Inotiv Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at NOTV for having 1.05 million shares of worth $1.75 million. And as of 2024-06-30, it was holding 4.075 of the company’s outstanding shares.
The second largest institutional holder is AMERICAN CENTURY COMPANIES INC, which was holding about 0.3 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.1443 of outstanding shares, having a total worth of $0.49 million.
