Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Inotiv Inc (NASDAQ: NOTV) was $3.78 for the day, down -6.67% from the previous closing price of $4.05. In other words, the price has decreased by -$6.67 from its previous closing price. On the day, 0.53 million shares were traded.
Ratios:
Our analysis of NOTV’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 2.63 whereas as Long-Term Debt/Eq ratio is at 2.56.
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 May 14, 2024, Downgraded its rating to Hold and sets its target price to $3.75 from $11.50 previously.
On February 09, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $3 to $11.50.
On July 20, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $9.Wells Fargo initiated its Overweight rating on July 20, 2023, with a $9 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 18 ’25 when Freeman Jeffrey Brennan sold 1,339 shares for $4.04 per share. The transaction valued at 5,416 led to the insider holds 27,478 shares of the business.
Taylor Beth sold 4,370 shares of NOTV for $17,507 on Feb 18 ’25. The Chief Financial Officer now owns 108,368 shares after completing the transaction at $4.01 per share. On Feb 18 ’25, another insider, Sagartz John E, who serves as the Chief Strategy Officer of the company, sold 2,113 shares for $3.94 each. As a result, the insider received 8,316 and left with 707,816 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.75.
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 $1.23. The 50-Day Moving Average of the stock is -13.53%, while the 200-Day Moving Average is calculated to be 42.33%.
Shares Statistics:
A total of 33.72M shares are outstanding, with a floating share count of 30.09M. Insiders hold about 11.16% of the company’s shares, while institutions hold 29.99% stake in the company.
