The price of Inotiv Inc (NASDAQ: NOTV) closed at $10.04 in the last session, down -9.06% from day before closing price of $11.04. In other words, the price has decreased by -$1.00 from its previous closing price. On the day, 603356 shares were traded.
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 11.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.09. 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 258.68M and an Enterprise Value of 665.20M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 1.14 whereas that against EBITDA is 11.28.
Stock Price History:
Over the past 52 weeks, NOTV has reached a high of $11.26, while it has fallen to a 52-week low of $1.61. The 50-Day Moving Average of the stock is 6.14, while the 200-Day Moving Average is calculated to be 4.33.
Shares Statistics:
According to the various share statistics, NOTV traded on average about 368.85K shares per day over the past 3-months and 505.8k shares per day over the past 10 days. A total of 25.78M shares are outstanding, with a floating share count of 22.88M. 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 Feb 29, 2024 were 944.03k with a Short Ratio of 2.56, compared to 1.04M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.66% and a Short% of Float of 3.86%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. 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.
