Innodata Inc (NASDAQ: INOD) is 199.02% higher on its value in year-to-date trading and has touched a low of $5.46 and a high of $24.18 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 $24.08 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $24.34, the stock is 22.09% and 41.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 1.08% at the moment leaves the stock 85.05% off its SMA200. INOD registered 181.39% gain for a year compared to 6-month gain of 111.65%. The firm has a 50-day simple moving average (SMA 50) of $17.0638 and a 200-day simple moving average (SMA200) of $13.084.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 56.43% loss in the last 1 month and extending the period to 3 months gives it a 31.21%, and is 21.03% 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 6.94% over the week and 6.40% over the month.
Innodata Inc (INOD) has around 4325 employees, a market worth around $705.59M and $107.34M in sales. Current P/E ratio is 260.88. Profit margin for the company is 2.79%. Distance from 52-week low is 345.79% and 0.66% from its 52-week high. The company has generated returns on investments over the last 12 months (9.02%).
115.0 institutions hold shares in Innodata Inc (INOD), with institutional investors hold 43.99% of the company’s shares. The shares outstanding are 28.75M, and float is at 26.86M with Short Float at 15.28%. Institutions hold 40.93% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.88 million shares valued at $27.88 million. The investor’s holdings represent 6.5379 of the INOD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.48 million shares valued at $22.0 million to account for 5.1594 of the shares outstanding. The other top investors are JANUS HENDERSON GROUP PLC which holds 1.24 million shares representing 4.3064 and valued at over $18.36 million, while NEXT CENTURY GROWTH INVESTORS LLC holds 3.1083 of the shares totaling 0.89 million with a market value of $13.25 million.
