Innodata Inc (NASDAQ: INOD) is 432.56% higher on its value in year-to-date trading and has touched a low of $5.46 and a high of $55.17 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 $43.26 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $43.09, the stock is 7.18% and 27.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing -0.39% at the moment leaves the stock 135.55% off its SMA200. INOD registered 405.24% gain for a year compared to 6-month gain of 207.88%. The firm has a 50-day simple moving average (SMA 50) of $33.1952 and a 200-day simple moving average (SMA200) of $18.1124.
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The stock witnessed a -3.17% loss in the last 1 month and extending the period to 3 months gives it a 181.31%, and is 15.38% 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 11.51% over the week and 11.05% over the month.
Innodata Inc (INOD) has around 4325 employees, a market worth around $1.24B and $137.39M in sales. Current P/E ratio is 72.64. Profit margin for the company is 14.57%. Distance from 52-week low is 689.19% and -21.90% from its 52-week high. The company has generated returns on investments over the last 12 months (38.69%).
137.0 institutions hold shares in Innodata Inc (INOD), with institutional investors hold 43.73% of the company’s shares. The shares outstanding are 29.00M, and float is at 27.44M with Short Float at 12.30%. Institutions hold 41.31% 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 Toor Nauman Sabeeh, the company’s Director. SEC filings show that Toor Nauman Sabeeh sold 110,207 shares of the company’s common stock on Dec 20 ’24 at a price of $44.00 per share for a total of $4.85 million. Following the sale, the insider now owns 0.21 million shares.
Still, SEC filings show that on Dec 09 ’24, ASHOK KUMAR MISHRA (Officer) Proposed Sale 43,000 shares at an average price of $54.05 for $2.32 million. The insider now directly holds shares of Innodata Inc (INOD).
