The stock of Innodata Inc. (NASDAQ:INOD) decreased by -$1.21 on Tuesday to $13.02, down -8.53 percent. The last five days have seen an average of 943,985 shares of common stock traded. 34 times new highs were reached in the current year, with a gain of $9.76. The average number of shares traded over the last 20 days was 556,591, while the average volume over the last 50 days totaled 639,589.
INOD stock appreciated 21.65% since last month. On 08/09/23, the company’s shares reached a one-month low of $10.12. The stock touched a high of $14.45 on 08/15/23, after rallying from a low of $2.78 in 52 weeks. The price of INOD stock has risen by 339.01% or $9.76 this year, reaching a new high 34 times. Still, the stock price is down -9.92% from the 52-week high.
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Insider Transactions
INOD stock investors should be aware that Innodata Inc. (INOD) stock had its last reported insider trading activity 56 days ago on Jun 20. On Jun 20, Director Toor Nauman Sabeeh sold 41,278 shares at $12.33 each. This transaction resulted in the insider making $508,958. On Jun 20, Massey Stewart R sold 1,000 shares at a price of US$12.26. After the transaction, the insider now owns 500 shares. Director Toor Nauman Sabeeh had earlier sold 7,780 shares on Jun 15 for $12.59 a share. The transaction was completed for $97,950.
Valuation Metrics
Beta for the stock is 1.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.76, the price-to-book (PB) ratio of 19.46, and the price-to-cash flow ratio of 319.92.
Financial Health
For the recent quarter, Innodata Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.31, and the total debt to equity ratio is 0.37. As far as profitability goes, gross margin for the trailing twelve months is 33.90% percent. Innodata Inc.’s EBITDA margin for the recent year was -8.09%, whereas its operating margin stood at -9.60% for the same period. Based on annual data, it had gross profit of $27.47 million and revenue of $79.0 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -48.40% return on investment (ROI) in the past year.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $19.66 million, while revenues fell by -1.68% to $18.84 million. EBITDA was $0.52 million for the quarter. At the end of Innodata Inc.’s most recent quarter, its liabilities totaled 30.95 million, while its total debt was $4.41 million. Equity owned by shareholders amounts to $28.3 million.
Technical Picture
Here’s a quick look at Innodata Inc.’s (INOD) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 54.72%, suggesting the stock is Neutral, with a 148.92% historical volatility rate.
The stochastic %K and %D were 78.18% and 60.61% respectively, while the average true range (ATR) was 1.34. Based on the 14-day stochastic reading of 54.05%, the RSI (14) reading is 54.29%. On the 9-day MACD Oscillator, the stock is at 1.49, and the 14-day reading is at 1.38.
Analyst Ratings
Analysts have assigned Innodata Inc. (INOD) an Hold rating. INOD is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is INOD’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $5.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Innodata Inc. (INOD) is $5.00.
