This trade activity should not be overlooked: Inuvo Inc. (INUV)

Inuvo Inc. (AMEX: INUV) stock jumped 10.86% on Friday to $0.25 against a previous-day closing price of $0.22. With 0.33 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.43 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $0.2450 whereas the lowest price it dropped to was $0.2158. The 52-week range on INUV shows that it touched its highest point at $0.52 and its lowest point at $0.20 during that stretch. Beta for the stock currently stands at 1.15.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INUV was up-trending over the past week, with a rise of 6.99%, but this was up by 2.73% over a month. Three-month performance surged to 4.70% while six-month performance fell -20.45%. The stock lost -48.82% in the past year, while it has gained 10.61% so far this year. A look at the trailing 12-month EPS for INUV yields -0.12 with Next year EPS estimates of -0.05. For the next quarter, that number is -0.03. This implies an EPS growth rate of -69.30% for this year and 44.40% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.50%.

Float and Shares Shorts:

At present, 127.25 million INUV shares are outstanding with a float of 120.16 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.74 million, which was 0.54% higher than short shares on Jul 30, 2023.

Institutional Ownership:

Through their ownership of 20.73% of INUV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.80% of INUV, in contrast to 13.52% held by mutual funds. Shares owned by individuals account for 11.53%. As the largest shareholder in INUV with 4.59% of the stake, Perkins Capital Management, Inc. holds 6,330,707 shares worth 6,330,707. A second-largest stockholder of INUV, Herald Investment Management Ltd., holds 6,092,857 shares, controlling over 4.42% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in INUV, holding 5,418,491 shares or 3.93% stake. With a 3.83% stake in INUV, the Herald Investment Trust Plc is the largest stakeholder. A total of 5,279,696 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.80% of INUV stock, is the second-largest Mutual Fund holder. It holds 3,857,320 shares valued at 0.92 million. Vanguard Extended Market Index Fu holds 1.02% of the stake in INUV, owning 1,411,029 shares worth 0.34 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, INUV reported revenue of $22.65M and operating income of -$2.84M. The EBITDA in the recently reported quarter was -$2.19M and diluted EPS was -$0.03.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INUV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With INUV analysts setting a high price target of $1.00 and a low target of $0.50, the average target price over the next 12 months is $0.75. Based on these targets, INUV could surge 300.0% to reach the target high and rise by 100.0% to reach the target low. Reaching the average price target will result in a growth of 200.0% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded INUV stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 1,003,332 while 400,086 shares were sold.

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