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The price of Inotiv Inc (NASDAQ: NOTV) closed at $4.32 in the last session, down -8.09% from day before closing price of $4.70. In other words, the price has decreased by -$8.09 from its previous closing price. On the day, 0.7 million shares were traded. NOTV stock price reached its highest trading level at $4.81 during the session, while it also had its lowest trading level at $4.28.
Ratios:
We take a closer look at NOTV’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.58. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 111415832 and an Enterprise Value of 517935744. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 0.885 whereas that against EBITDA is 8.498.
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 -41.88%, while the 200-Day Moving Average is calculated to be -4.65%.
Shares Statistics:
According to the various share statistics, NOTV traded on average about 432.44K shares per day over the past 3-months and 497140 shares per day over the past 10 days. A total of 25.78M shares are outstanding, with a floating share count of 23.00M. Insiders hold about 10.83% of the company’s shares, while institutions hold 18.47% stake in the company. Shares short for NOTV as of 1711584000 were 936588 with a Short Ratio of 2.17, compared to 1709164800 on 944029. Therefore, it implies a Short% of Shares Outstanding of 936588 and a Short% of Float of 3.83.
Earnings Estimates
A detailed examination of Inotiv Inc (NOTV) is currently in progress, with NOV Inc. analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $149.41, with high estimates of $1.15 and low estimates of $4.32.
