After finishing at $8.47 in the prior trading day, Inotiv Inc (NASDAQ: NOTV) closed at $7.63, down -9.92%. In other words, the price has decreased by -$0.84 from its previous closing price. On the day, 722599 shares were traded.
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 8.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.71. 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. On Mar 14 ’23, another insider, Sagartz John E, who serves as the Chief Strategy Officer of the company, bought 5,100 shares for $4.91 each. As a result, the insider paid 25,041 and bolstered with 692,047 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 216.90M and an Enterprise Value of 623.42M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 1.07 whereas that against EBITDA is 10.57.
Stock Price History:
Over the past 52 weeks, NOTV has reached a high of $8.67, while it has fallen to a 52-week low of $1.61. The 50-Day Moving Average of the stock is 4.85, while the 200-Day Moving Average is calculated to be 4.14.
Shares Statistics:
The stock has traded on average 353.74K shares per day over the past 3-months and 495.08k shares per day over the last 10 days, according to various share statistics. 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 15, 2024 were 1.14M with a Short Ratio of 3.22, compared to 974.83k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.41% and a Short% of Float of 4.66%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. 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.
