Inotiv Inc (NASDAQ:NOTV) currently has a daily average trading volume of 759.23K but it saw 1378912 shares traded in last market. With a market cap of 103.05M USD, the company’s current market price of $3.00 came rising about 1.35 while comparing to the previous closing price of $2.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.48 and as low as $1.15.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which downgraded the stock as “Hold” in its note to investors issued on May 14, 2024, recommending a price target of between $11.50 and $3.75 for it. Jefferies upgraded its recommendation for the stock as a “Buy” from “Hold” on February 09, 2024 while assigning a price target range of $3-$11.50. Wells Fargo issued its recommendations for the stock as it initiated the price target for the stock is $9.
Over the week, NOTV’s stock price is moving 23.46% up while it is 47.06% when we observe its performance for the past one month. Year-to-date it is -27.54% down and over the past year, the stock is showing an upside performance of 60.43%.
The company is expected to be releasing its next quarterly report in July, for which analysts forecasted an EPS of -0.15 while estimate for next year EPS is -0.86. In next quarter, company is expected to be making quarterly sales of $133.9M as analysts are expecting the sales for current fiscal year at $505.15M and seeing the company making $532.37M in sales next year. Moreover, analysts are in estimates of $127.05M for current-quarter revenue.
Currently, Inotiv Inc’s total number of outstanding shares is 34.35M with 11.32% of that held by the insiders while 24.08% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -14.76% and return on equity (ROE) at -47.95%. Stock’s beta reads 4.10. Stock has a price to book (P/B) ratio of 0.65 while price to sale or P/S ratio amounts to 0.21. Its return on asset (ROA) is -11.06% on average.
