Innodata Inc (INOD) is looking forward to a strong quarter

With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.85 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $11.68 whereas the lowest price it dropped to was $10.91. The 52-week range on INOD shows that it touched its highest point at $15.36 and its lowest point at $5.46 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 2.11.

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 INOD was up-trending over the past week, with a rise of 63.80%, but this was up by 79.22% over a month. Three-month performance surged to 1.47% while six-month performance rose 32.22%. The stock gained 18.84% in the past year, while it has gained 35.63% so far this year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -26.94%.

Float and Shares Shorts:

At present, 28.75 million INOD shares are outstanding with a float of 26.77 million shares on hand for trading. On 2024-04-30, short shares totaled 3.59 million, which was 1249.0 higher than short shares on 1711584000. In addition to Mr. Jack S. Abuhoff as the firm’s President, CEO & Director, Ms. Marissa B. Espineli serves as its Interim CFO, VP of Finance & Corporate Controller.

Institutional Ownership:

Through their ownership of 0.34785998 of INOD’s outstanding shares, institutional investors have minority control over the company.

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 2024-03-31, INOD reported revenue of $26504000.0 and operating income of $1330000.0. The EBITDA in the recently reported quarter was $2596000.0 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 INOD 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.