In the last trading session, 5.79 million shares of the Inotiv Inc (NASDAQ:NOTV) were traded, and its beta was 4.11. Most recently the company’s share price was $1.50, and it changed around $0.09 or 6.38% from the last close, which brings the market valuation of the company to $50.80M. NOTV currently trades at a discount to its 52-week high of $7.16, offering almost -377.33% off that amount. The share price’s 52-week low was $1.15, which indicates that the current value has risen by an impressive 23.33% since then. We note from Inotiv Inc’s average daily trading volume that its 10-day average is 1.55 million shares, with the 3-month average coming to 698.62K.
Inotiv Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NOTV as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
Inotiv Inc (NASDAQ:NOTV) trade information
Instantly NOTV has showed a green trend with a performance of 6.38% 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 2.8200 on recent trading dayincreased the stock’s daily price by 46.81%. The company’s shares are currently down -63.77% year-to-date, but still down -36.17% over the last five days. On the other hand, Inotiv Inc (NASDAQ:NOTV) is -42.86% down in the 30-day period. We can see from the shorts that 2.1 million shares have been sold at a short interest cover period of 3.48 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 75.0% from its current value. Analyst projections state that NOTV is forecast to be at a low of $6 and a high of $6.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -122.90%. Inotiv Inc earnings are expected to increase by 54.81% in 2025, but the outlook is positive 68.58% per year for the next five years.
NOTV Dividends
Inotiv Inc’s next quarterly earnings report is expected to be released on 2025-Feb-04.
Inotiv Inc (NASDAQ:NOTV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.49% of Inotiv Inc shares, and 26.32% of them are in the hands of institutional investors. The stock currently has a share float of 29.74%. Inotiv Inc stock is held by 84.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.075% of the shares, which is about 1.05 million shares worth $1.75 million.
AMERICAN CENTURY COMPANIES INC, with 1.1372% or 0.3 million shares worth $0.49 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and CALAMOS INVESTMENT TRUST/IL-Calamos Timpani Small Cap Growth Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 721.97 shares worth $1.08 million, making up 2.13% of all outstanding shares. On the other hand, CALAMOS INVESTMENT TRUST/IL-Calamos Timpani Small Cap Growth Fund held roughly 331.97 shares worth around $0.5 million, which represents about 0.98% of the total shares outstanding.
