For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Inotiv Inc (NASDAQ: NOTV) closed the day trading at $3.74 down -7.65% from the previous closing price of $4.05. In other words, the price has decreased by -$7.65 from its previous closing price. On the day, 0.62 million shares were traded. NOTV stock price reached its highest trading level at $4.21 during the session, while it also had its lowest trading level at $3.74.
Ratios:
For a better understanding of NOTV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.87. 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:
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 104452216 and an Enterprise Value of 502977152. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 0.86 whereas that against EBITDA is 8.253.
Stock Price History:
The Beta on a monthly basis for NOTV is 3.34, which has changed by -0.3333333 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 -49.32%, while the 200-Day Moving Average is calculated to be -17.16%.
Shares Statistics:
Over the past 3-months, NOTV traded about 472.23K shares per day on average, while over the past 10 days, NOTV traded about 512290 shares per day. 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 18.88% stake in the company. Shares short for NOTV as of 1713139200 were 1171419 with a Short Ratio of 2.48, compared to 1710460800 on 1068809. Therefore, it implies a Short% of Shares Outstanding of 1171419 and a Short% of Float of 4.79.
Earnings Estimates
The market rating for Inotiv Inc (NOTV) is a result of the insights provided by 2.0 analysts actively involved in the assessment.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 2.0 analysts recommending between -$0.83 and -$1.29.
Revenue Estimates
For the next quarter, 3 analysts are estimating revenue of $151.32M. There is a high estimate of $156.88M for the next quarter, whereas the lowest estimate is $146M.
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 $572.42MBased 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.
