Innodata Inc (NASDAQ: INOD) is 41.28% higher on its value in year-to-date trading and has touched a low of $5.46 and a high of $15.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INOD stock was last observed hovering at around $10.47 in the last trading session, with the day’s gains setting it 1.03%.
Currently trading at $11.50, the stock is 81.23% and 74.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.77 million and changing 9.84% at the moment leaves the stock 33.47% off its SMA200. INOD registered 53.33% gain for a year compared to 6-month loss of 32.95%.
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The stock witnessed a 83.12% gain in the last 1 month and extending the period to 3 months gives it a 1.68%, and is 77.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.39% over the week and 8.32% over the month.
Innodata Inc (INOD) has around 4325 employees, a market worth around $330.62M and $94.44M in sales. Current P/E ratio is 178.29. Profit margin for the company is 2.33%. Distance from 52-week low is 110.62% and -25.13% from its 52-week high. The company has generated returns on investments over the last 12 months (6.86%).
The shares outstanding are 28.75M, and float is at 26.77M with Short Float at 11.48%.
Innodata Inc (INOD) Insider Activity
The most recent transaction is an insider sale by Toor Nauman Sabeeh, the company’s Director. SEC filings show that Toor Nauman Sabeeh sold 23,383 shares of the company’s common stock on Aug 30 ’23 at a price of $14.77 per share for a total of $0.35 million. Following the sale, the insider now owns 0.7 million shares.
Innodata Inc disclosed in a document filed with the SEC on Aug 30 ’23 that Espineli Marissa B (Interim CFO) sold a total of 11,628 shares of the company’s common stock. The trade occurred on Aug 30 ’23 and was made at $15.04 per share for $0.17 million. Following the transaction, the insider now directly holds 0.0 shares of the INOD stock.
Still, SEC filings show that on Aug 29 ’23, ABUHOFF JACK (CEO) disposed off 135,056 shares at an average price of $14.58 for $1.97 million. The insider now directly holds 1,188,358 shares of Innodata Inc (INOD).
