After finishing at $6.59 in the prior trading day, Inotiv Inc (NASDAQ: NOTV) closed at $5.96, down -9.56%. On the day, 631215 shares were traded. NOTV stock price reached its highest trading level at $6.64 during the session, while it also had its lowest trading level at $5.89.
Ratios:
Our goal is to gain a better understanding of NOTV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.05. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.60.
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.
Shares Statistics:
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 18.37% stake in the company.
Earnings Estimates
Its stock is currently analyzed by NOV Inc. different market analysts. The consensus estimate for the next quarter is $163.00, with high estimates of $5.96 and low estimates of $1.24.
Analysts are recommending an EPS of between $Healthcare and $Technology for the fiscal current year, implying an average EPS of $Technology.
