In today’s recent session, 0.64 million shares of the Inotiv Inc (NASDAQ:NOTV) have been traded, and its beta is 3.64. Most recently the company’s share price was $4.44, and it changed around $0.52 or 13.27% from the last close, which brings the market valuation of the company to $115.51M. NOTV at last check was trading at a discount to its 52-week high of $11.42, offering almost -157.21% off that amount. The share price’s 52-week low was $1.23, which indicates that the recent value has risen by an impressive 72.3% since then. We note from Inotiv Inc’s average daily trading volume that its 10-day average is 0.84 million shares, with the 3-month average coming to 365.24K.

Inotiv Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NOTV as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Inotiv Inc is expected to report earnings per share of -0.32 for the current quarter.

Inotiv Inc (NASDAQ:NOTV) trade information

Instantly NOTV has been showing a green trend so far today with a performance of 13.27% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.84 on recent trading dayincreased the stock’s daily price by 8.26%. The company’s shares are currently up 20.98% year-to-date, but still up 5.97% over the last five days. On the other hand, Inotiv Inc (NASDAQ:NOTV) is 48.00% up in the 30-day period. We can see from the shorts that 1.47 million shares have been sold at a short interest cover period of 5.29 day(s).

The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 26.0% from its current value. Analyst projections state that NOTV is forecast to be at a low of $6 and a high of $6.

Inotiv Inc (NOTV) estimates and forecasts

Inotiv Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 149.44 percent over the past six months and at a 6.25% annual growth rate that is well below the industry average of 16.70%. The year-over-year growth rate is expected to be 5.04%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 122.74M in revenue for the current quarter. 3 analysts expect Inotiv Inc to make 126.77M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 135.5M and 119.03M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.42%. Forecasts for the next quarter put sales growth at 6.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -122.90%.

NOTV Dividends

Inotiv Inc’s next quarterly earnings report is expected to be released in January.

Inotiv Inc (NASDAQ:NOTV)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 13.48% of Inotiv Inc shares, and 13.93% of them are in the hands of institutional investors. The stock currently has a share float of 16.09%. Inotiv Inc stock is held by 64.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.075% of the shares, which is about 1.05 million shares worth $1.75 million.

AMERICAN CENTURY COMPANIES INC, with 1.1443% or 0.3 million shares worth $0.49 million as of 2024-06-30, holds the second largest percentage of outstanding shares.