Innodata Inc (NASDAQ:INOD) has a beta value of 2.58 and has seen 0.73 million shares traded in the recent trading session. The company, currently valued at $1.46B, closed the recent trade at $44.86 per share which meant it gained $0.54 on the day or 1.22% during that session. The INOD stock price is -22.98% off its 52-week high price of $55.17 and 87.83% 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 1.54 million shares traded. The 3-month trading volume is 1.53 million shares.
The consensus among analysts is that Innodata Inc (INOD) is Buy stock at the moment, with a recommendation rating of 1.25. 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. The expected earnings per share for the stock is 0.25.
Innodata Inc (NASDAQ:INOD) trade information
Sporting 1.22% in the green today, 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 $44.86 or saw a rise of 3.92%. Year-to-date, Innodata Inc shares have moved 13.51%, while the 5-day performance has seen it change -1.10%. Over the past 30 days, the shares of Innodata Inc (NASDAQ:INOD) have changed -1.75%. Short interest in the company has seen 3.37 million shares shorted with days to cover at 1.58.
Wall Street analysts have a consensus price target for the stock at $35.5, which means that the shares’ value could drop -26.37% from the levels at last check today. The projected low price target is $23.0 while the price target rests at a high of $48.0. In that case, then, we find that the latest price level in today’s session is -7.0% off the targeted high while a plunge would see the stock lose 48.73% from the levels at last check today.
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 166.23% over the past 6 months, with this year growth rate of 2,700.00%, compared to 4.60% for the industry.
4 analysts offering their estimates for the company have set an average revenue estimate of 53.01M for the current quarter. 4 have an estimated revenue figure of 54.21M for the next ending quarter.
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 February 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 5.43% of the company shares, while shares held by institutions stand at 41.53% with a share float percentage of 43.92%. Investors are also buoyed by the number of investors in a company, with Innodata Inc having a total of 139.0 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.
