Do Analysts Think Innodata Inc (INOD) Is Still Worth Buying In 2024?

Innodata Inc (NASDAQ:INOD) does about 831.39K shares in volume on a normal day but saw 1275674 shares change hands in Friday’s trading. The company now has a market cap of 309.92M USD. Its current market price is $10.78, marking a decrease of -6.26% compared to the previous close of $11.50. The 52 week high reached by this stock is $15.36 whilst the lowest price level in 52 weeks is $5.46.

Innodata Inc (INOD) has a 20-day trading average at $6.82 and the current price is -29.82% off the 52-week high compared with 97.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.73 and its 200-day simple moving average is $8.60. If we look at the stock’s price movements over the week, volatility stands at 14.93%, which decreases to 8.69% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 76.14 to suggest the stock is overbought.

The consensus objective for the share price is $5.00, suggesting that the stock has a potential downside of -115.6% over the period.

Innodata Inc (INOD) stock is up 60.42% over the week and 66.87% over the past month. Its price is 32.43% year-to-date and 33.75% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -115.6 percent from here.

The company has a return on investment of 6.86% and return on equity of 9.56%. The price to earnings ratio (P/E ratio) amounts to 167.13. The beta has a value of 2.12. Price to book ratio is 11.25 and price to sales ratio is 3.28.