In today’s recent session, 0.15 million shares of the Inuvo Inc (AMEX:INUV) have been traded, and its beta is 1.13. Most recently the company’s share price was $0.21, and it changed around $0.0 or 0.85% from the last close, which brings the market valuation of the company to $30.18M. INUV at last check was trading at a discount to its 52-week high of $0.57, offering almost -171.43% off that amount. The share price’s 52-week low was $0.19, which indicates that the recent value has risen by an impressive 9.52% since then. We note from Inuvo Inc’s average daily trading volume that its 10-day average is 0.91 million shares, with the 3-month average coming to 413.73K.
Inuvo Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended INUV as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Inuvo Inc is expected to report earnings per share of -0.0 for the current quarter.
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Inuvo Inc (AMEX:INUV) trade information
Instantly INUV has been showing a green trend so far today with a performance of 0.85% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.2198 on recent trading dayincreased the stock’s daily price by 4.46%. The company’s shares are currently down -49.46% year-to-date, but still up 3.52% over the last five days. On the other hand, Inuvo Inc (AMEX:INUV) is -12.58% down in the 30-day period. We can see from the shorts that 0.34 million shares have been sold at a short interest cover period of 0.88 day(s).
Inuvo Inc (INUV) estimates and forecasts
Inuvo Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -23.59 percent over the past six months and at a 75.00% annual growth rate that is well above the industry average of 10.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 66.67% in revenue this quarter, and will report a decrease of -61.29% in the next quarter. The year-over-year growth rate is expected to be 12.14%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 25.28M in revenue for the current quarter. 2 analysts expect Inuvo Inc to make 19.13M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 20.84M and 17.02M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.31%. Forecasts for the next quarter put sales growth at 12.35%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.05%. Inuvo Inc earnings are expected to increase by 45.83% in 2024, but the outlook is positive 30.00% per year for the next five years.
INUV Dividends
Inuvo Inc’s next quarterly earnings report is expected to be released in December.
Inuvo Inc (AMEX:INUV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.38% of Inuvo Inc shares, and 19.47% of them are in the hands of institutional investors. The stock currently has a share float of 22.74%. Inuvo Inc stock is held by 40.0 institutions, with PERKINS CAPITAL MANAGEMENT INC being the largest institutional investor. By 2024-06-30, it held 4.9742% of the shares, which is about 6.9 million shares worth $1.77 million.
HERALD INVESTMENT MANAGEMENT LTD, with 4.39% or 6.09 million shares worth $1.57 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 3.86 shares worth $0.84 million, making up 2.75% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 1.46 shares worth around $0.32 million, which represents about 1.04% of the total shares outstanding.
