In recent trading session, Inotiv Inc (NASDAQ:NOTV) saw 1.01 million shares changing hands at last check today with its beta currently measuring 3.61. Company’s recent per share price level of $4.12 trading at $0.17 or 4.30% at last check today assigns it a market valuation of $107.18M. That most recent trading price of NOTV’s stock is at a discount of -177.18% from its 52-week high price of $11.42 and is indicating a premium of 70.15% 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 1.96 million shares which gives us an average trading volume of 614.78K 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 1.67. 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 -0.32 in the current quarter.
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Inotiv Inc (NASDAQ:NOTV) trade information
Upright in the green today for gaining 4.30%, in the last five days NOTV remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $4.12 price level, adding 36.42% to its value on the day. Inotiv Inc’s shares saw a change of 12.26% in year-to-date performance and have moved -12.71% in past 5-day. Inotiv Inc (NASDAQ:NOTV) showed a performance of 47.67% 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 6 to the stock, which implies a rise of 31.33% to its recent value today. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -45.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of -45.63% for stock’s current value.
Inotiv Inc (NOTV) estimates and forecasts
Statistics highlight that Inotiv Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 128.89% of value to its shares in past 6 months, showing an annual growth rate of 6.25% while that of industry is 16.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.04% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 122.74M for the same. And 3 analysts are in estimates of company making revenue of 126.77M in the next quarter. Company posted 135.5M and 119.03M 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 -122.90% 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.
