The stock of Innodata Inc. (NASDAQ:INOD) increased by $0.77 on Tuesday to at $14.50, up 5.61 percent. The last five days have seen an average of 658,509 shares of common stock traded. 35 times new highs were reached in the current year, with a gain of $11.57. The average number of shares traded over the last 20 days was 598,062, while the average volume over the last 50 days totaled 641,731.
INOD stock appreciated 13.02% 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 $15.20 on 08/28/23, after rallying from a low of $2.78 in 52 weeks. The price of INOD stock has risen by 389.04% or $11.57 this year, reaching a new high 35 times. Still, the stock price is down -4.61% 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 1 day ago on Aug 28. On Aug 28, Director FORLENZA LOUISE C sold 5,000 shares at $13.74 each. This transaction resulted in the insider making $68,700. On Aug 23, Toor Nauman Sabeeh sold 188,946 shares at a price of US$13.57. After the transaction, the insider now owns 791,187 shares. Director Toor Nauman Sabeeh had earlier sold 28,482 shares on Aug 22 for $13.52 a share. The transaction was completed for $385,077.
Valuation Metrics
Beta for the stock is 1.98. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.15, the price-to-book (PB) ratio of 19.59, and the price-to-cash flow ratio of 436.77.
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 34.00% 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. INOD’s return on assets (ROA) during the last 12 months has been -16.70%. There was a -48.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -43.50%.
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 28 August, the RSI 9-day stood at 67.07%, suggesting the stock is Neutral, with a 45.81% historical volatility rate.
The stochastic %K and %D were 76.46% and 70.37% respectively, while the average true range (ATR) was 1.19. Based on the 14-day stochastic reading of 86.31%, the RSI (14) reading is 62.61%. On the 9-day MACD Oscillator, the stock is at 0.41, and the 14-day reading is at 0.64.
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.
