During the recent session, Inotiv Inc (NASDAQ:NOTV)’s traded shares were 3.69 million, with the beta value of the company hitting 3.63. At the last check today, the stock’s price was $5.97, reflecting an intraday gain of 26.48% or $1.25. The 52-week high for the NOTV share is $11.42, that puts it down -91.29 from that peak though still a striking 79.4% gain since the share price plummeted to a 52-week low of $1.23. The company’s market capitalization is $155.31M, and the average intraday trading volume over the past 10 days was 1.04 million shares, and the average trade volume was 410.93K shares over the past three months.

Inotiv Inc (NOTV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. NOTV has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 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 -0.32.

Inotiv Inc (NASDAQ:NOTV) trade information

Inotiv Inc (NOTV) registered a 26.48% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 26.48% in intraday trading to $5.97, hitting a weekly high. The stock’s 5-day price performance is 57.11%, and it has moved by 108.74% in 30 days. Based on these gigs, the overall price performance for the year is 116.30%. The short interest in Inotiv Inc (NASDAQ:NOTV) is 1.47 million shares and it means that shorts have 5.29 day(s) to cover.

The consensus price target of analysts on Wall Street is $6, which implies an increase of 0.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, NOTV is trading at a discount of -0.5% off the target high and -0.5% off the low.

Inotiv Inc (NOTV) estimates and forecasts

Statistics show that Inotiv Inc has underperformed its competitors in share price, compared to the industry in which it operates. Inotiv Inc (NOTV) shares have gone up 239.20% during the last six months, with a year-to-date growth rate less than the industry average at 6.25% against 16.40. In the rating firms’ projections, revenue will increase 5.04% compared to the previous financial year.

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 122.74M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 126.77M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 135.5M and 119.03M respectively. In this case, analysts expect current quarter sales to shrink by -9.42% and then jump by 6.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -122.90%. While earnings are projected to return 51.07% in 2024.

NOTV Dividends

Inotiv Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Inotiv Inc (NASDAQ:NOTV)’s Major holders

Inotiv Inc insiders own 13.48% of total outstanding shares while institutional holders control 13.93%, with the float percentage being 16.09%. VANGUARD GROUP INC is the largest shareholder of the company, while 64.0 institutions own stock in it. As of 2024-06-30, the company held over 1.05 million shares (or 4.075% of all shares), a total value of $1.75 million in shares.

The next largest institutional holding, with 0.3 million shares, is of AMERICAN CENTURY COMPANIES INC’s that is approximately 1.1443% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.49 million.