Growth Story Still Intact For Inotiv Inc (NOTV)

Inotiv Inc (NOTV) concluded trading on Wednesday at a closing price of $3.95, with 5.61 million shares of worth about $22.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 129.65% during that period and on December 18, 2024 the price saw a loss of about -28.83%. Currently the company’s common shares owned by public are about 26.02M shares, out of which, 22.00M shares are available for trading.

Stock saw a price change of -20.84% in past 5 days and over the past one month there was a price change of 45.22%. Year-to-date (YTD), NOTV shares are showing a performance of 7.63% which increased to 13.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.23 but also hit the highest price of $11.42 during that period. The average intraday trading volume for Inotiv Inc shares is 529.57K. The stock is currently trading -5.86% below its 20-day simple moving average (SMA20), while that difference is up 34.16% for SMA50 and it goes to 20.46% higher than SMA200.

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Inotiv Inc (NASDAQ: NOTV) currently have 26.02M outstanding shares and institutions hold larger chunk of about 13.53% of that.

The stock has a current market capitalization of $102.76M and its 3Y-monthly beta is at 3.62. It has posted earnings per share of -$4.19 in the same period. It has Quick Ratio of 0.91 while making debt-to-equity ratio of 2.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NOTV, volatility over the week remained 20.11% while standing at 17.15% over the month.

Stock’s fiscal year EPS is expected to rise by 51.07% while it is estimated to increase by 32.68% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on May 14, 2024 offering a Hold rating for the stock and assigned a target price range of between $11.50 and $3.75 to it. Coverage by Jefferies stated Inotiv Inc (NOTV) stock as a Buy in their note to investors on February 09, 2024, suggesting a price target of $11.50 for the stock. On July 20, 2023, Wells Fargo Initiated their recommendations, while on January 19, 2023, Jefferies Downgrade their ratings for the stock with a price target of $8. Stock get a Buy rating from Lake Street on January 11, 2023.

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