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Innodata Inc (NASDAQ: INOD) closed the day trading at $40.37 down -11.06% from the previous closing price of $45.39. In other words, the price has decreased by -$11.06 from its previous closing price. On the day, 1.88 million shares were traded. INOD stock price reached its highest trading level at $44.64 during the session, while it also had its lowest trading level at $40.25.
Ratios:
For a better understanding of INOD, 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 44.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 106.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.84 and its Current Ratio is at 1.84. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.08.
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 this company, Craig Hallum on September 17, 2024, initiated with a Buy rating and assigned the stock a target price of $23.
On July 15, 2024, Maxim Group started tracking the stock assigning a Buy rating and target price of $30.
On May 22, 2024, BWS Financial started tracking the stock assigning a Buy rating and target price of $24.BWS Financial initiated its Buy rating on May 22, 2024, with a $24 target price.
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 Nov 25 ’24 when Massey Stewart R sold 2,000 shares for $45.78 per share. The transaction valued at 91,560 led to the insider holds 21,000 shares of the business.
FORLENZA LOUISE C sold 4,000 shares of INOD for $180,400 on Nov 25 ’24. The Director now owns 8,278 shares after completing the transaction at $45.10 per share. On Nov 25 ’24, another insider, FORLENZA LOUISE C, who serves as the Director of the company, sold 1,000 shares for $45.54 each. As a result, the insider received 45,540 and left with 774 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, INOD now has a Market Capitalization of 1170742144 and an Enterprise Value of 1148547072. As of this moment, Innodata’s Price-to-Earnings (P/E) ratio for their current fiscal year is 68.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.52 while its Price-to-Book (P/B) ratio in mrq is 24.54. Its current Enterprise Value per Revenue stands at 8.36 whereas that against EBITDA is 64.601.
Stock Price History:
Over the past 52 weeks, INOD has reached a high of $49.72, while it has fallen to a 52-week low of $5.46. The 50-Day Moving Average of the stock is 65.84%, while the 200-Day Moving Average is calculated to be 164.90%.
Shares Statistics:
Over the past 3-months, INOD traded about 968.33K shares per day on average, while over the past 10 days, INOD traded about 2119130 shares per day. A total of 28.75M shares are outstanding, with a floating share count of 27.23M. Insiders hold about 6.11% of the company’s shares, while institutions hold 41.20% stake in the company. Shares short for INOD as of 1731628800 were 2466799 with a Short Ratio of 3.93, compared to 1728950400 on 4104855. Therefore, it implies a Short% of Shares Outstanding of 2466799 and a Short% of Float of 9.120000000000001.
