Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Innodata Inc (NASDAQ: INOD) closed at $5.69 down -10.11% from its previous closing price of $6.33. In other words, the price has decreased by -$10.11 from its previous closing price. On the day, 0.63 million shares were traded. INOD stock price reached its highest trading level at $6.2225 during the session, while it also had its lowest trading level at $5.5.
Ratios:
For a deeper understanding of Innodata Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 481.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.18.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 30 ’23 when Toor Nauman Sabeeh sold 23,383 shares for $14.77 per share. The transaction valued at 345,367 led to the insider holds 700,000 shares of the business.
Espineli Marissa B sold 11,628 shares of INOD for $174,885 on Aug 30 ’23. The Interim CFO now owns 0 shares after completing the transaction at $15.04 per share. On Aug 29 ’23, another insider, ABUHOFF JACK, who serves as the CEO of the company, sold 135,056 shares for $14.58 each. As a result, the insider received 1,969,116 and left with 1,188,358 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, INOD now has a Market Capitalization of 182005456 and an Enterprise Value of 154558848. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 6.37. Its current Enterprise Value per Revenue stands at 1.781 whereas that against EBITDA is 66.221.
Stock Price History:
Over the past 52 weeks, INOD has reached a high of $15.36, while it has fallen to a 52-week low of $5.46. The 50-Day Moving Average of the stock is -18.62%, while the 200-Day Moving Average is calculated to be -35.80%.
Shares Statistics:
For the past three months, INOD has traded an average of 476.94K shares per day and 302950 over the past ten days. A total of 28.75M shares are outstanding, with a floating share count of 26.77M. Insiders hold about 6.90% of the company’s shares, while institutions hold 36.18% stake in the company. Shares short for INOD as of 1713139200 were 3074391 with a Short Ratio of 6.45, compared to 1710460800 on 2901517. Therefore, it implies a Short% of Shares Outstanding of 3074391 and a Short% of Float of 11.76.
