In recent trading session, Innodata Inc (NASDAQ:INOD) saw 0.5 million shares changing hands at last check today with its beta currently measuring 2.59. Company’s recent per share price level of $34.94 trading at -$1.82 or -4.95% at last check today assigns it a market valuation of $1.01B. That most recent trading price of INOD’s stock is at a discount of -57.9% from its 52-week high price of $55.17 and is indicating a premium of 84.37% from its 52-week low price of $5.46. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.4 million shares which gives us an average trading volume of 1.61 million if we extend that period to 3-months.
For Innodata Inc (INOD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.25. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.25 in the current quarter.
Innodata Inc (NASDAQ:INOD) trade information
Upright in the red during last session for losing -4.95%, in the last five days INOD remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $34.94 price level, adding 25.17% to its value on the day. Innodata Inc’s shares saw a change of -11.59% in year-to-date performance and have moved -11.54% in past 5-day. Innodata Inc (NASDAQ:INOD) showed a performance of -19.92% in past 30-days. Number of shares sold short was 3.37 million shares which calculate 1.58 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 35.5 to the stock, which implies a rise of 1.58% to its recent value today. Analysts have been projecting 23 as a low price target for the stock while placing it at a high target of 48. It follows that stock’s current price would jump 34.17% in reaching the projected high whereas dropping to the targeted low would mean a gain of 34.17% for stock’s current value.
Innodata Inc (INOD) estimates and forecasts
Statistics highlight that Innodata Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 110.99% of value to its shares in past 6 months, showing an annual growth rate of 2,700.00% while that of industry is 4.50. Apart from that, the company came raising its revenue forecast for fiscal year 2025.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 53.01M for the same. And 4 analysts are in estimates of company making revenue of 54.21M in the next quarter.
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 -26.94% during past 5 years.
Innodata Inc (NASDAQ:INOD)’s Major holders
Insiders are in possession of 5.43% of company’s total shares while institution are holding 41.61 percent of that, with stock having share float percentage of 44.00%. Investors also watch the number of corporate investors in a company very closely, which is 41.61% institutions for Innodata Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at INOD for having 1.88 million shares of worth $27.88 million. And as of 2024-06-30, it was holding 6.5379 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.48 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.1594 of outstanding shares, having a total worth of $22.0 million.
On the other hand, Vanguard Total Stock Market Index Fund and Janus Henderson Venture Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 862.55 shares of worth $29.9 million or 2.97% of the total outstanding shares. The later fund manager was in possession of 747.79 shares on Sep 30, 2024, making its stake of worth around $25.92 million in the company or a holder of 2.58% of company’s stock.
