During the last session, Innodata Inc (NASDAQ:INOD)’s traded shares were 2.14 million, with the beta value of the company hitting 2.49. At the end of the trading day, the stock’s price was $46.23, reflecting an intraday gain of 4.00% or $1.78. The 52-week high for the INOD share is $49.72, that puts it down -7.55 from that peak though still a striking 88.19% gain since the share price plummeted to a 52-week low of $5.46. The company’s market capitalization is $1.34B, and the average intraday trading volume over the past 10 days was 2.94 million shares, and the average trade volume was 876.73K shares over the past three months.
Innodata Inc (INOD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.33. INOD has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.27.
Innodata Inc (NASDAQ:INOD) trade information
Innodata Inc (INOD) registered a 4.00% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.00% in intraday trading to $46.23, hitting a weekly high. The stock’s 5-day price performance is 18.05%, and it has moved by 143.70% in 30 days. Based on these gigs, the overall price performance for the year is 452.33%. The short interest in Innodata Inc (NASDAQ:INOD) is 3.81 million shares and it means that shorts have 8.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $23, which implies a decrease of -101.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23 and $23 respectively. As a result, INOD is trading at a premium of 50.25% off the target high and 50.25% off the low.
Innodata Inc (INOD) estimates and forecasts
Statistics show that Innodata Inc has outperformed its competitors in share price, compared to the industry in which it operates. Innodata Inc (INOD) shares have gone up 258.65% during the last six months, with a year-to-date growth rate more than the industry average at 2,600.00% against 0.50.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 52.98M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 54.05M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.94%.
INOD Dividends
Innodata Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Innodata Inc (NASDAQ:INOD)’s Major holders
Innodata Inc insiders own 6.79% of total outstanding shares while institutional holders control 41.34%, with the float percentage being 44.36%. BLACKROCK INC. is the largest shareholder of the company, while 138.0 institutions own stock in it. As of 2024-06-30, the company held over 1.88 million shares (or 6.5379% of all shares), a total value of $27.88 million in shares.
The next largest institutional holding, with 1.48 million shares, is of VANGUARD GROUP INC’s that is approximately 5.1594% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $22.0 million.
