Innodata Inc (NASDAQ: INOD) is 351.47% higher on its value in year-to-date trading and has touched a low of $5.46 and a high of $49.72 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 $39.16 in the last trading session, with the day’s loss setting it -2.41%.
Currently trading at $36.75, the stock is 35.28% and 81.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing -6.15% at the moment leaves the stock 160.89% off its SMA200. INOD registered 299.89% gain for a year compared to 6-month gain of 205.99%. The firm has a 50-day simple moving average (SMA 50) of $20.2962 and a 200-day simple moving average (SMA200) of $14.0866.
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The stock witnessed a 100.49% loss in the last 1 month and extending the period to 3 months gives it a 96.63%, and is -14.10% down 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 13.72% over the week and 10.19% over the month.
Innodata Inc (INOD) has around 4325 employees, a market worth around $1.00B and $137.39M in sales. Current P/E ratio is 61.95. Profit margin for the company is 14.57%. Distance from 52-week low is 573.08% and -26.08% from its 52-week high. The company has generated returns on investments over the last 12 months (38.69%).
with sales reaching $52.98M over the same period.
Innodata Inc (INOD) Top Institutional Holders
137.0 institutions hold shares in Innodata Inc (INOD), with institutional investors hold 44.35% of the company’s shares. The shares outstanding are 28.75M, and float is at 26.87M with Short Float at 14.16%. Institutions hold 41.33% 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.
Innodata Inc (INOD) Insider Activity
The most recent transaction is an insider sale by Massey Stewart R, the company’s Director. SEC filings show that Massey Stewart R sold 50,000 shares of the company’s common stock on Nov 13 ’24 at a price of $40.55 per share for a total of $2.03 million. Following the sale, the insider now owns 25262.0 shares.
Innodata Inc disclosed in a document filed with the SEC on Nov 13 ’24 that Toor Nauman Sabeeh (Director) sold a total of 23,040 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $46.07 per share for $1.06 million. Following the transaction, the insider now directly holds 0.68 million shares of the INOD stock.
Still, SEC filings show that on Nov 12 ’24, Toor Nauman Sabeeh (Director) disposed off 16,960 shares at an average price of $46.00 for $0.78 million. The insider now directly holds 702,441 shares of Innodata Inc (INOD).
