In last trading session, Inotiv Inc (NASDAQ:NOTV) saw 0.25 million shares changing hands with its beta currently measuring 3.56. Company’s recent per share price level of $3.54 trading at $0.35 or 10.97% at ring of the bell on the day assigns it a market valuation of $92.05M. That closing price of NOTV’s stock is at a discount of -222.6% from its 52-week high price of $11.42 and is indicating a premium of 65.25% 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 0.6 million shares which gives us an average trading volume of 275.47K 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 in the current quarter.
Inotiv Inc (NASDAQ:NOTV) trade information
Upright in the green during last session for gaining 10.97%, in the last five days NOTV remained trading in the green while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $3.54 price level, adding 7.33% to its value on the day. Inotiv Inc’s shares saw a change of -3.54% in year-to-date performance and have moved 10.28% in past 5-day. Inotiv Inc (NASDAQ:NOTV) showed a performance of 94.51% in past 30-days. Number of shares sold short was 1.47 million shares which calculate 5.29 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 55.75% 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 -12.99% in reaching the projected high whereas dropping to the targeted low would mean a loss of -12.99% for stock’s current value.
Inotiv Inc (NOTV) estimates and forecasts
This year revenue growth is estimated to fall -16.63% 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 135.5M 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 13.93 percent of that, with stock having share float percentage of 16.09%. Investors also watch the number of corporate investors in a company very closely, which is 13.93% 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.
