In the latest trading session, 0.49 million Innodata Inc (NASDAQ:INOD) shares changed hands as the company’s beta touched 2.60. With the company’s most recent per share price at $33.63 changed hands at -$2.33 or -6.48% at last look, the market valuation stands at $975.28M. INOD’s current price is a discount, trading about -64.05% off its 52-week high of $55.17. The share price had its 52-week low at $5.46, which suggests the last value was 83.76% up since then. When we look at Innodata Inc’s average trading volume, we note the 10-day average is 1.47 million shares, with the 3-month average coming to 1.65 million.
Analysts gave the Innodata Inc (INOD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended INOD as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Innodata Inc’s EPS for the current quarter is expected to be 0.25.
Innodata Inc (NASDAQ:INOD) trade information
Instantly INOD was in red as seen in intraday trades today. With action -24.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -14.90%, with the 5-day performance at -24.12% in the red. However, in the 30-day time frame, Innodata Inc (NASDAQ:INOD) is -12.15% down. Looking at the short shares, we see there were 3.37 million shares sold at short interest cover period of 1.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 35.5, meaning bulls need an upside of 5.27% from its recent market value. According to analyst projections, INOD’s forecast low is 23 with 48 as the target high. To hit the forecast high, the stock’s price needs a -42.73% plunge from its current level, while the stock would need to tank 31.61% for it to hit the projected low.
Innodata Inc (INOD) estimates and forecasts
Data shows that the Innodata Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 98.76% over the past 6 months, a 2,700.00% in annual growth rate that is considerably higher than the industry average of 4.50%.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 53.01M. 4 analysts are of the opinion that Innodata Inc’s revenue for the current quarter will be 54.21M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -26.94%.
INOD Dividends
Innodata Inc is expected to release its next quarterly earnings report in February.
Innodata Inc (NASDAQ:INOD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.43% of Innodata Inc shares while 41.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.00%. There are 41.61% institutions holding the Innodata Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.5379% of the shares, roughly 1.88 million INOD shares worth $27.88 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.1594% or 1.48 million shares worth $22.0 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Janus Henderson Venture Fund. With 862.55 shares estimated at $28.33 million under it, the former controlled 2.97% of total outstanding shares. On the other hand, Janus Henderson Venture Fund held about 2.58% of the shares, roughly 747.79 shares worth around $24.56 million.
