Innodata Inc [NASDAQ: INOD] loss -8.33% or -4.96 points to close at $54.56 with a heavy trading volume of 4792317 shares.
The daily chart for INOD points out that the company has recorded 191.92% gains over the past six months.
If we look at the average trading volume of 1.71M shares, INOD reached to a volume of 4792317 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Innodata Inc [INOD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INOD shares is $46.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INOD stock is a recommendation set at 1.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Innodata Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 19, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price to Buy. The new note on the price target was released on September 17, 2024, representing the official price target for Innodata Inc stock. Previously, the target price had yet another raise to $30, while Maxim Group analysts kept a Buy rating on INOD stock.
The Average True Range (ATR) for Innodata Inc is set at 4.43, with the Price to Sales ratio for INOD stock in the period of the last 12 months amounting to 11.52. The Price to Book ratio for the last quarter was 33.16, with the Price to Cash per share for the same quarter was set at 0.91. Price to Free Cash Flow for INOD in the course of the last twelve months was 143.45 with Quick ratio for the last quarter at 1.84.
Trading performance analysis for INOD stock
Innodata Inc [INOD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.45. With this latest performance, INOD shares gained by 42.68% in over the last four-week period, additionally plugging by 191.92% over the last 6 months – not to mention a rise of 566.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INOD stock in for the last two-week period is set at 66.49, with the RSI for the last a single of trading hit 67.97, and the three-weeks RSI is set at 64.25 for Innodata Inc [INOD]. The present Moving Average for the last 50 days of trading for this stock 40.84, while it was recorded at 55.66 for the last single week of trading, and 24.78 for the last 200 days.
Innodata Inc [INOD]: A deeper dive into fundamental analysis
Innodata Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.84 and a Current Ratio set at 1.84.
An analysis of Institutional ownership at Innodata Inc [INOD]
The top three institutional holders of INOD stocks are: BLACKROCK INC. with ownership of 1.88 million shares, which is approximately 6.5379%. VANGUARD GROUP INC, holding 1.48 million shares of the stock with an approximate value of $$22.0 million in INOD stocks shares; and VANGUARD GROUP INC, currently with $$18.36 million in INOD stock with ownership which is approximately 4.3064%.
