In today’s recent session, 0.68 million shares of the Inotiv Inc (NASDAQ:NOTV) have been traded, and its beta is 4.05. Most recently the company’s share price was $2.48, and it changed around $0.36 or 16.98% from the last close, which brings the market valuation of the company to $85.20M. NOTV at last check was trading at a discount to its 52-week high of $6.48, offering almost -161.29% off that amount. The share price’s 52-week low was $1.15, which indicates that the recent value has risen by an impressive 53.63% since then. We note from Inotiv Inc’s average daily trading volume that its 10-day average is 0.39 million shares, with the 3-month average coming to 712.01K.
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 is expected to report earnings per share of -0.14 for the current quarter.
Inotiv Inc (NASDAQ:NOTV) trade information
Instantly NOTV has been showing a green trend so far today with a performance of 16.98% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.41 on recent trading daydecreased the stock’s daily price by -2.9%. The company’s shares are currently down -40.10% year-to-date, but still up 10.22% over the last five days. On the other hand, Inotiv Inc (NASDAQ:NOTV) is 32.62% up in the 30-day period. We can see from the shorts that 2.53 million shares have been sold at a short interest cover period of 2.38 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 58.67% from its current value. Analyst projections state that NOTV is forecast to be at a low of $6 and a high of $6.
Inotiv Inc (NOTV) estimates and forecasts
The year-over-year growth rate is expected to be 3.50%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 128.32M in revenue for the current quarter. 2 analysts expect Inotiv Inc to make 135.41M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 105.79M and 130.42M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.30%. Forecasts for the next quarter put sales growth at 3.83%.
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 57.18% in 2025, but the outlook is positive 66.65% per year for the next five years.
NOTV Dividends
Inotiv Inc’s next quarterly earnings report is expected to be released on 2025-May-06.
Inotiv Inc (NASDAQ:NOTV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.32% of Inotiv Inc shares, and 24.06% of them are in the hands of institutional investors. The stock currently has a share float of 27.13%. Inotiv Inc stock is held by 82.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.0496% 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 $1.77 million, making up 2.10% 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 $0.81 million, which represents about 0.97% of the total shares outstanding.
