Inotiv Inc (NASDAQ: NOTV) closed the day trading at $7.14 down -0.70% from the previous closing price of $7.19. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 664816 shares were traded. NOTV stock price reached its highest trading level at $7.64 during the session, while it also had its lowest trading level at $7.00.
Ratios:
For a better understanding of NOTV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 1.69 whereas as Long-Term Debt/Eq ratio is at 1.61.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on February 09, 2024, Upgraded its rating to Buy and sets its target price to $11.50 from $3 previously.
On July 20, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $9.
Jefferies Downgraded its Buy to Hold on January 19, 2023, whereas the target price for the stock was revised from $10 to $8.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 14 ’23 when Beattie John Gregory bought 47,966 shares for $3.12 per share. The transaction valued at 149,836 led to the insider holds 111,761 shares of the business.
Garrett Michael bought 5,000 shares of NOTV for $14,145 on Dec 14 ’23. The Chief Commercial Officer now owns 16,467 shares after completing the transaction at $2.83 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOTV now has a Market Capitalization of 184.66M and an Enterprise Value of 591.18M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 1.01 whereas that against EBITDA is 10.02.
Stock Price History:
Over the past 52 weeks, NOTV has reached a high of $11.42, while it has fallen to a 52-week low of $1.61. The 50-Day Moving Average of the stock is 6.94, while the 200-Day Moving Average is calculated to be 4.47.
Shares Statistics:
Over the past 3-months, NOTV traded about 407.54K shares per day on average, while over the past 10 days, NOTV traded about 557.37k shares per day. A total of 25.78M shares are outstanding, with a floating share count of 23.00M. Insiders hold about 11.29% of the company’s shares, while institutions hold 18.37% stake in the company. Shares short for NOTV as of Mar 15, 2024 were 1.07M with a Short Ratio of 2.62, compared to 1.14M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.14% and a Short% of Float of 4.37%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.54 for the current quarter, with a high estimate of -$0.34 and a low estimate of -$0.74, while EPS last year was -$0.39. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.01 and low estimates of -$0.16.
Analysts are recommending an EPS of between -$0.99 and -$1.31 for the fiscal current year, implying an average EPS of -$1.15. EPS for the following year is -$1.06, with 2 analysts recommending between -$0.83 and -$1.29.
Revenue Estimates
A total of 3 analysts have provided revenue estimates for NOTV’s current fiscal year. The highest revenue estimate was $583.97M, while the lowest revenue estimate was $578.78M, resulting in an average revenue estimate of $580.91M. In the same quarter a year ago, actual revenue was $572.42M, up 1.50% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $601.86M in the next fiscal year. The high estimate is $603.12M and the low estimate is $601M. The average revenue growth estimate for next year is up 3.60% from the average revenue estimate for this year.
