In the latest trading session, 1.71 million Innodata Inc (NASDAQ:INOD) shares changed hands as the company’s beta touched 2.55. With the company’s most recent per share price at $45.36 changing hands around $2.58 or 6.03% at last look, the market valuation stands at $2.31B. INOD’s last price was a premium, traded about 3.77% off its 52-week high of $43.65. The share price had its 52-week low at $5.46, which suggests the last value was 87.96% up since then. When we look at Innodata Inc’s average trading volume, we note the 10-day average is 1.6 million shares, with the 3-month average coming to 693.99K.
Analysts gave the Innodata Inc (INOD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.33. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended INOD as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Innodata Inc’s EPS for the current quarter is expected to be 0.11.
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Innodata Inc (NASDAQ:INOD) trade information
Instantly INOD is in green as seen in intraday trades today. With action 119.77%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 457.25%, with the 5-day performance at 119.77% in the green. However, in the 30-day time frame, Innodata Inc (NASDAQ:INOD) is 173.91% up. Looking at the short shares, we see there were 4.1 million shares sold at short interest cover period of 7.63 days.
The consensus price target for the stock as assigned by Wall Street analysts is 23, meaning bulls need a downside of -97.22% from its recent market value. According to analyst projections, INOD’s forecast low is 23 with 23 as the target high. To hit the forecast high, the stock’s price needs a 49.29% surge from its current level, while the stock would need to tank 49.29% for it to hit the projected low.
Innodata Inc (INOD) estimates and forecasts
Data shows that the Innodata Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 310.13% over the past 6 months, a 800.00% in annual growth rate that is considerably higher than the industry average of 3.30%.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 49.94M. 3 analysts are of the opinion that Innodata Inc’s revenue for the current quarter will be 50.99M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -26.94%.
INOD Dividends
Innodata Inc is expected to release its next quarterly earnings report on 2025-Feb-20.
Innodata Inc (NASDAQ:INOD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.94% of Innodata Inc shares while 41.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.09%. There are 41.02% institutions holding the Innodata Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.5379% of the shares, roughly 1.88 million INOD shares worth $27.88 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.1594% or 1.48 million shares worth $22.0 million as of 2024-06-30.
