Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Inotiv Inc (NASDAQ: NOTV) was $4.27 for the day, down -1.16% from the previous closing price of $4.32. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 0.33 million shares were traded. NOTV stock price reached its highest trading level at $4.5399 during the session, while it also had its lowest trading level at $4.22.
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 0.91 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 2.61 whereas as Long-Term Debt/Eq ratio is at 2.52.
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 Dec 19 ’24 when Landman David bought 23,529 shares for $4.25 per share. The transaction valued at 99,998 led to the insider holds 176,851 shares of the business.
Beattie John Gregory bought 30,000 shares of NOTV for $142,500 on Dec 10 ’24. The Chief Operating Officer now owns 161,761 shares after completing the transaction at $4.75 per share. On Dec 10 ’24, another insider, Brown Nigel, who serves as the Director of the company, bought 7,500 shares for $4.26 each. As a result, the insider paid 31,950 and bolstered with 65,537 shares of the company.
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 140547472 and an Enterprise Value of 524307584. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 1.046 whereas that against EBITDA is 27.526.
Stock Price History:
The Beta on a monthly basis for NOTV is 3.60, which has changed by 0.17630851 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. Over the past 52 weeks, NOTV has reached a high of $11.42, while it has fallen to a 52-week low of $1.23. The 50-Day Moving Average of the stock is 7.70%, while the 200-Day Moving Average is calculated to be 51.60%.
Shares Statistics:
NOTV traded an average of 869.86K shares per day over the past three months and 803240 shares per day over the past ten days. A total of 32.02M shares are outstanding, with a floating share count of 27.98M. Insiders hold about 12.60% of the company’s shares, while institutions hold 11.34% stake in the company. Shares short for NOTV as of 1731628800 were 1472553 with a Short Ratio of 1.35, compared to 1728950400 on 1295774. Therefore, it implies a Short% of Shares Outstanding of 1472553 and a Short% of Float of 5.9699997.
