During the recent session, Innodata Inc (NASDAQ:INOD)’s traded shares were 0.7 million, with the beta value of the company hitting 2.66. At the last check today, the stock’s price was $53.69, reflecting an intraday gain of 2.68% or $1.4. The 52-week high for the INOD share is $55.17, that puts it down -2.76 from that peak though still a striking 89.83% gain since the share price plummeted to a 52-week low of $5.46. The company’s market capitalization is $1.56B, and the average intraday trading volume over the past 10 days was 1.32 million shares, and the average trade volume was 1.64 million shares over the past three months.
Innodata Inc (INOD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.25. INOD has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.25.
Innodata Inc (NASDAQ:INOD) trade information
Innodata Inc (INOD) registered a 2.68% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.68% in intraday trading to $53.69, hitting a weekly high. The stock’s 5-day price performance is 25.21%, and it has moved by 45.82% in 30 days. Based on these gigs, the overall price performance for the year is 393.47%. The short interest in Innodata Inc (NASDAQ:INOD) is 4.42 million shares and it means that shorts have 3.38 day(s) to cover.
The consensus price target of analysts on Wall Street is $35.5, which implies a decrease of -51.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23 and $48 respectively. As a result, INOD is trading at a premium of 10.6% off the target high and 57.16% off the low.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 53.01M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 54.21M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.94%.
INOD Dividends
Innodata Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Innodata Inc (NASDAQ:INOD)’s Major holders
Innodata Inc insiders own 5.47% of total outstanding shares while institutional holders control 46.59%, with the float percentage being 49.28%. BLACKROCK INC. is the largest shareholder of the company, while 177.0 institutions own stock in it. As of 2024-06-30, the company held over 1.88 million shares (or 6.5379% of all shares), a total value of $27.88 million in shares.
The next largest institutional holding, with 1.48 million shares, is of VANGUARD GROUP INC’s that is approximately 5.1594% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $22.0 million.
Also, the Mutual Funds coming in first place with the largest holdings of Innodata Inc (INOD) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 862.55 shares. This amounts to just over 2.97 percent of the company’s overall shares, with a $47.83 million market value. The same data shows that the other fund manager holds slightly less at 785.97, or about 2.71% of the stock, which is worth about $43.58 million.
