Inotiv Inc (NASDAQ:NOTV) has a beta value of 3.61 and has seen 1.17 million shares traded in the last trading session. The company, currently valued at $190.54M, closed the last trade at $5.81 per share which meant it lost -$0.14 on the day or -2.35% during that session. The NOTV stock price is -96.56% off its 52-week high price of $11.42 and 78.83% above the 52-week low of $1.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.69 million shares traded. The 3-month trading volume is 512.18K shares.
The consensus among analysts is that Inotiv Inc (NOTV) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 15 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight.
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Inotiv Inc (NASDAQ:NOTV) trade information
Sporting -2.35% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NOTV stock price touched $5.81 or saw a rise of 10.34%. Year-to-date, Inotiv Inc shares have moved 58.31%, while the 5-day performance has seen it change 48.21%. Over the past 30 days, the shares of Inotiv Inc (NASDAQ:NOTV) have changed 112.82%. Short interest in the company has seen 1.47 million shares shorted with days to cover at 5.29.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 3.17% from current levels. The projected low price target is $6.0 while the price target rests at a high of $6.0. In that case, then, we find that the current price level is -3.27% off the targeted high while a plunge would see the stock gain -3.27% from current levels.
Inotiv Inc (NOTV) estimates and forecasts
Figures show that Inotiv Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 241.76% over the past 6 months, with this year growth rate of 6.25%, compared to 16.40% 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 -122.90% over the past 5 years.
NOTV Dividends
Inotiv 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.
Inotiv Inc (NASDAQ:NOTV)’s Major holders
Insiders own 13.48% of the company shares, while shares held by institutions stand at 13.93% with a share float percentage of 16.09%. Investors are also buoyed by the number of investors in a company, with Inotiv Inc having a total of 64.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 1.05 million shares worth more than $1.75 million. As of 2024-06-30, VANGUARD GROUP INC held 4.075% of shares outstanding.
The other major institutional holder is AMERICAN CENTURY COMPANIES INC, with the holding of over 0.3 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.49 million and represent 1.1443% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.78% shares in the company for having 721.97 shares of worth $4.19 million while later fund manager owns 297.32 shares of worth $1.73 million as of Sep 30, 2024 , which makes it owner of about 1.14% of company’s outstanding stock.
