Innodata Inc (NASDAQ:INOD) does about 609.16K shares in volume on a normal day but saw 1719347 shares change hands in the recent trading day. The company now has a market cap of 533.31M USD. Its current market price is $18.55, marking an increase of 13.28% compared to the previous close of $16.38. The 52 week high reached by this stock is $21.58 whilst the lowest price level in 52 weeks is $5.46.
Innodata Inc (INOD) has a 20-day trading average at $18.10 and the current price is -14.04% off the 52-week high compared with 239.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.23 and its 200-day simple moving average is $10.22. If we look at the stock’s price movements over the week, volatility stands at 14.35%, which decreases to 10.48% 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 56.02 to suggest the stock is neutral.
The consensus objective for the share price is $34.00, suggesting that the stock has a potential upside of 45.44% over the period.
1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 15, 2024 when Maxim Group initiated the stock to “Buy” and issued a price target of $30.
Innodata Inc (INOD) stock is up 10.61% over the week and 12.02% over the past month. Its price is 127.89% year-to-date and 77.85% over the past year.
To reach the target analysts have set, the stock logically needs to grow 45.44 percent from here.
The company has a return on investment of 9.02% and return on equity of 12.08%. The price to earnings ratio (P/E ratio) amounts to 198.82. The beta has a value of 2.37. Price to book ratio is 18.56 and price to sales ratio is 4.97.
