For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Inotiv Inc (NASDAQ: NOTV) was $1.96 for the day, down -11.51% from the previous closing price of $2.21. In other words, the price has decreased by -$11.51 from its previous closing price. On the day, 0.59 million shares were traded.
Ratios:
Our analysis of NOTV’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 2.86 whereas as Long-Term Debt/Eq ratio is at 2.76.
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 May 14, 2024, Downgraded its rating to Hold and sets its target price to $3.75 from $11.50 previously.
On February 09, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $3 to $11.50.
On July 20, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $9.Wells Fargo initiated its Overweight rating on July 20, 2023, with a $9 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’25 when Coelho Mary Theresa sold 5,500 shares for $2.35 per share. The transaction valued at 12,916 led to the insider holds 74,303 shares of the business.
Coelho Mary Theresa bought 5,500 shares of NOTV for $15,565 on Apr 01 ’25. On Feb 18 ’25, another insider, Freeman Jeffrey Brennan, who serves as the VP-Finance & Corp. Controller of the company, sold 1,339 shares for $4.04 each. As a result, the insider received 5,416 and left with 27,478 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.43.
Stock Price History:
Over the past 52 weeks, NOTV has reached a high of $6.48, while it has fallen to a 52-week low of $1.15. The 50-Day Moving Average of the stock is -15.32%, while the 200-Day Moving Average is calculated to be -28.30%.
Shares Statistics:
A total of 34.35M shares are outstanding, with a floating share count of 29.59M. Insiders hold about 13.87% of the company’s shares, while institutions hold 25.96% stake in the company.
