In the latest trading session, 0.42 million Inotiv Inc (NASDAQ:NOTV) shares changed hands as the company’s beta touched 3.57. With the company’s most recent per share price at $2.92 changed hands at -$0.41 or -12.16% at last look, the market valuation stands at $76.06M. NOTV’s current price is a discount, trading about -291.1% off its 52-week high of $11.42. The share price had its 52-week low at $1.23, which suggests the last value was 57.88% up since then. When we look at Inotiv Inc’s average trading volume, we note the 10-day average is 0.43 million shares, with the 3-month average coming to 190.61K.
Analysts gave the Inotiv Inc (NOTV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended NOTV as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Inotiv Inc’s EPS for the current quarter is expected to be -0.91.
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Inotiv Inc (NASDAQ:NOTV) trade information
Instantly NOTV was in red as seen in intraday trades today. With action 53.54%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -20.30%, with the 5-day performance at 53.54% in the green. However, in the 30-day time frame, Inotiv Inc (NASDAQ:NOTV) is 66.19% up. Looking at the short shares, we see there were 1.3 million shares sold at short interest cover period of 7.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 63.5% from its recent market value. According to analyst projections, NOTV’s forecast low is 4 with 10 as the target high. To hit the forecast high, the stock’s price needs a -242.47% plunge from its current level, while the stock would need to soar -36.99% for it to hit the projected low.
Inotiv Inc (NOTV) estimates and forecasts
Data shows that the Inotiv 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 37.97% over the past 6 months, a 79.67% in annual growth rate that is considerably higher than the industry average of 17.00%. Year-over-year growth is forecast to reach -16.60% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 116.94M. 1 analysts are of the opinion that Inotiv Inc’s revenue for the current quarter will be 127.43M. The company’s revenue for the corresponding quarters a year ago was 140.74M and 132.86M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -16.90%. The estimates for the next quarter sales put growth at -4.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -184.24%. The 2024 estimates are for Inotiv Inc earnings to decrease by -8.17%.
NOTV Dividends
Inotiv Inc is expected to release its next quarterly earnings report on 2024-Dec-09.
Inotiv Inc (NASDAQ:NOTV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.48% of Inotiv Inc shares while 16.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.08%. There are 16.51% institutions holding the Inotiv Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.075% of the shares, roughly 1.05 million NOTV shares worth $1.75 million.
AMERICAN CENTURY COMPANIES INC holds the second largest percentage of outstanding shares, with 1.1443% or 0.3 million shares worth $0.49 million as of 2024-06-30.
