Innodata Inc (NASDAQ:INOD) Adds 40.15% In One Week: What’s Boosting Its Stock?

In last trading session, Innodata Inc (NASDAQ:INOD) saw 3.24 million shares changing hands with its beta currently measuring 2.67. Company’s recent per share price level of $59.52 trading at $1.43 or 2.46% at ring of the bell on the day assigns it a market valuation of $1.73B. That closing price of INOD’s stock is at a discount of -1.61% from its 52-week high price of $60.48 and is indicating a premium of 90.83% from its 52-week low price of $5.46.

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 green during last session for gaining 2.46%, in the last five days INOD remained trading in the green while hitting it’s week-highest on Wednesday, 02/19/25 when the stock touched $59.52 price level, adding 4.49% to its value on the day. Innodata Inc’s shares saw a change of 50.61% in year-to-date performance and have moved 40.15% in past 5-day. Innodata Inc (NASDAQ:INOD) showed a performance of 61.83% in past 30-days.

Wall Street analysts have assigned a consensus price target of 35.5 to the stock, which implies a fall of -67.66% to its current value. 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 61.36% in reaching the projected high whereas dropping to the targeted low would mean a gain of 61.36% for stock’s current value.

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

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.