In the last trading session, 1.25 million shares of the Innodata Inc (NASDAQ:INOD) were traded, and its beta was 2.60. Most recently the company’s share price was $41.82, and it changed around -$1.17 or -2.72% from the last close, which brings the market valuation of the company to $1.31B. INOD currently trades at a discount to its 52-week high of $71.00, offering almost -69.78% off that amount. The share price’s 52-week low was $5.46, which indicates that the current value has risen by an impressive 86.94% since then. We note from Innodata Inc’s average daily trading volume that its 10-day average is 1.68 million shares, with the 3-month average coming to 2.00 million.
Innodata Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended INOD as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Innodata Inc is expected to report earnings per share of 0.18 for the current quarter.
Innodata Inc (NASDAQ:INOD) trade information
Instantly INOD has showed a red trend with a performance of -2.72% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 50.93 on recent trading dayincreased the stock’s daily price by 17.89%. The company’s shares are currently up 5.82% year-to-date, but still down -13.20% over the last five days. On the other hand, Innodata Inc (NASDAQ:INOD) is -23.35% down in the 30-day period. We can see from the shorts that 3.87 million shares have been sold at a short interest cover period of 1.42 day(s).
The consensus price target as assigned by Wall Street analysts is $48, which translates to bulls needing to increase their stock price by 12.88% from its current value. Analyst projections state that INOD is forecast to be at a low of $48 and a high of $48.
Innodata Inc (INOD) estimates and forecasts
The year-over-year growth rate is expected to be 42.12%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 57.63M in revenue for the current quarter. 4 analysts expect Innodata Inc to make 59.42M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 82.54%.
INOD Dividends
Innodata Inc’s next quarterly earnings report is expected to be released on 2025-Feb-19.
Innodata Inc (NASDAQ:INOD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.40% of Innodata Inc shares, and 49.75% of them are in the hands of institutional investors. The stock currently has a share float of 52.04%. Innodata Inc stock is held by 195.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.5379% of the shares, which is about 1.88 million shares worth $27.88 million.
VANGUARD GROUP INC, with 5.1594% or 1.48 million shares worth $22.0 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 862.55 shares worth $36.07 million, making up 2.76% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 736.62 shares worth around $30.81 million, which represents about 2.35% of the total shares outstanding.
