Innodata Inc (NASDAQ:INOD) has a beta value of 2.59 and has seen 2.17 million shares traded in the last trading session. The company, currently valued at $985.37M, closed the last trade at $34.50 per share which meant it lost -$0.53 on the day or -1.51% during that session. The INOD stock price is -59.91% off its 52-week high price of $55.17 and 84.17% above the 52-week low of $5.46. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.3 million shares traded. The 3-month trading volume is 1.30 million shares.
The consensus among analysts is that Innodata Inc (INOD) is Buy stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
Innodata Inc (NASDAQ:INOD) trade information
Sporting -1.51% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the INOD stock price touched $34.50 or saw a rise of 37.47%. Year-to-date, Innodata Inc shares have moved 323.83%, while the 5-day performance has seen it change -22.56%. Over the past 30 days, the shares of Innodata Inc (NASDAQ:INOD) have changed -12.28%. Short interest in the company has seen 2.77 million shares shorted with days to cover at 1.38.
Wall Street analysts have a consensus price target for the stock at $23, which means that the shares’ value could drop -50.0% from current levels. The projected low price target is $23.0 while the price target rests at a high of $23.0. In that case, then, we find that the current price level is 33.33% off the targeted high while a plunge would see the stock lose 33.33% from current levels.
Innodata Inc (INOD) estimates and forecasts
Figures show that Innodata Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 127.72% over the past 6 months, with this year growth rate of 2,600.00%, compared to 4.30% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -26.94% over the past 5 years.
INOD Dividends
Innodata Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Innodata Inc (NASDAQ:INOD)’s Major holders
Insiders own 5.54% of the company shares, while shares held by institutions stand at 41.31% with a share float percentage of 43.73%. Investors are also buoyed by the number of investors in a company, with Innodata Inc having a total of 137.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 1.88 million shares worth more than $27.88 million. As of 2024-06-30, BLACKROCK INC. held 6.5379% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.48 million shares as of 2024-06-30. The firm’s total holdings are worth over $22.0 million and represent 5.1594% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Janus Henderson Venture Fund . As of Sep 30, 2024 , the former fund manager holds about 2.97% shares in the company for having 862.55 shares of worth $29.76 million while later fund manager owns 747.79 shares of worth $25.8 million as of Sep 30, 2024 , which makes it owner of about 2.58% of company’s outstanding stock.
