Innodata Inc (NASDAQ: INOD) Recovers 299.08% From 52-Week Low, Is INOD Still A High-Risk, High-Reward Play?

Innodata Inc (NASDAQ:INOD) currently has a daily average trading volume of 2.13M but it saw 2995995 shares traded in last market. With a market cap of 1.65B USD, the company’s current market price of $51.96 came rising about 12.01 while comparing to the previous closing price of $46.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $71.00 and as low as $13.02.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wedbush which initiated the stock as “Outperform” in its note to investors issued on December 19, 2024, recommending a price target of $48 for it. Maxim Group also issued its recommendations for the stock as it initiated the price target for the stock is $30.

Over the week, INOD’s stock price is moving 12.15% up while it is 30.06% when we observe its performance for the past one month. Year-to-date it is 281.78% up and over the past year, the stock is showing an upside performance of 31.48%.

Currently, Innodata Inc’s total number of outstanding shares is 31.75M. Company’s return on investment (ROI) stands at 44.87% and return on equity (ROE) at 68.82%. It has a price to earnings ratio (P/E ratio) of 49.97 while having a 51.17 of forward P/E ratio. Stock’s beta reads 2.66. Stock has a price to book (P/B) ratio of 21.85 while price to sale or P/S ratio amounts to 8.15. Its return on asset (ROA) is 37.57% on average.

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