In the last trading session, 1.28 million Inotiv Inc (NASDAQ:NOTV) shares changed hands as the company’s beta touched 3.89. With the company’s per share price at $2.35 changed hands at -$0.41 or -14.86% during last session, the market valuation stood at $79.59M. NOTV’s last price was a discount, traded about -302.98% off its 52-week high of $9.47. The share price had its 52-week low at $1.23, which suggests the last value was 47.66% up since then. When we look at Inotiv Inc’s average trading volume, we note the 10-day average is 0.67 million shares, with the 3-month average coming to 649.13K.
Analysts gave the Inotiv Inc (NOTV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended NOTV as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Inotiv Inc’s EPS for the current quarter is expected to be -0.23.
Inotiv Inc (NASDAQ:NOTV) trade information
Instantly NOTV was in red as seen at the end of in last trading. With action 9.30%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -43.24%, with the 5-day performance at 9.30% in the green. However, in the 30-day time frame, Inotiv Inc (NASDAQ:NOTV) is -11.65% down. Looking at the short shares, we see there were 1.87 million shares sold at short interest cover period of 2.81 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 60.83% from its current market value. According to analyst projections, NOTV’s forecast low is 6 with 6 as the target high. To hit the forecast high, the stock’s price needs a -155.32% plunge from its current level, while the stock would need to soar -155.32% for it to hit the projected low.
Inotiv Inc (NOTV) estimates and forecasts
Year-over-year growth is forecast to reach 3.99% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 124.28M. 3 analysts are of the opinion that Inotiv Inc’s revenue for the current quarter will be 129.19M. The company’s revenue for the corresponding quarters a year ago was 119.03M and 105.79M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.41%. The estimates for the next quarter sales put growth at 22.12%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -122.90%. The 2025 estimates are for Inotiv Inc earnings to increase by 54.81%, but the outlook for the next 5-year period is at 68.58% per year.
NOTV Dividends
Inotiv Inc is expected to release its next quarterly earnings report on 2025-Feb-04.
Inotiv Inc (NASDAQ:NOTV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.66% of Inotiv Inc shares while 26.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 29.80%. There are 26.32% institutions holding the Inotiv Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.075% of the shares, roughly 1.05 million NOTV shares worth $1.75 million.
AMERICAN CENTURY COMPANIES INC holds the second largest percentage of outstanding shares, with 1.1372% or 0.3 million shares worth $0.49 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and CALAMOS INVESTMENT TRUST/IL-Calamos Timpani Small Cap Growth Fund . With 721.97 shares estimated at $1.7 million under it, the former controlled 2.13% of total outstanding shares. On the other hand, CALAMOS INVESTMENT TRUST/IL-Calamos Timpani Small Cap Growth Fund held about 0.98% of the shares, roughly 331.97 shares worth around $0.78 million.
