On Monday, Inotiv Inc (NASDAQ: NOTV) opened higher 6.56% from the last session, before settling in for the closing price of $3.66. Price fluctuations for NOTV have ranged from $1.23 to $11.42 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 150.63% annually for the last half of the decade. Company’s average yearly earnings per share was noted -8.17% at the time writing. With a float of $22.14 million, this company’s outstanding shares have now reached $26.01 million.
In an organization with 1955 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 19.26%, operating margin of -13.14%, and the pretax margin is -22.74%.
Inotiv Inc (NOTV) Insider Updates
A key investor’s attitude towards the stock of the Diagnostics & Research industry is another important factor to consider. The insider ownership of Inotiv Inc is 14.86%, while institutional ownership is 13.53%. The most recent insider transaction that took place on Dec 14 ’23, was worth 14,145. In this transaction Chief Commercial Officer of this company bought 5,000 shares at a rate of $2.83, taking the stock ownership to the 16,467 shares. Before that another transaction happened on Dec 14 ’23, when Company’s Chief Operating Officer bought 47,966 for $3.12, making the entire transaction worth $149,836. This insider now owns 111,761 shares in total.
Inotiv Inc (NOTV) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.26 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0) by -0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.17% per share during the next fiscal year.
Inotiv Inc (NASDAQ: NOTV) Trading Performance Indicators
Check out the current performance indicators for Inotiv Inc (NOTV). In the past quarter, the stock posted a quick ratio of 0.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.84, a number that is poised to hit -0.97 in the next quarter and is forecasted to reach -2.62 in one year’s time.
Technical Analysis of Inotiv Inc (NOTV)
Let’s dig in a bit further. During the last 5-days, its volume was 0.48 million. That was better than the volume of 0.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 80.96%. Additionally, its Average True Range was 0.39.
During the past 100 days, Inotiv Inc’s (NOTV) raw stochastic average was set at 88.42%, which indicates a significant increase from 79.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 122.83% in the past 14 days, which was higher than the 98.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.25, while its 200-day Moving Average is $3.40. However, in the short run, Inotiv Inc’s stock first resistance to watch stands at $4.19. Second resistance stands at $4.49. The third major resistance level sits at $4.72. If the price goes on to break the first support level at $3.66, it is likely to go to the next support level at $3.43. Assuming the price breaks the second support level, the third support level stands at $3.13.
Inotiv Inc (NASDAQ: NOTV) Key Stats
There are currently 26,004K shares outstanding in the company with a market cap of 101.42 million. Presently, the company’s annual sales total 572,430 K according to its annual income of -105,140 K. Last quarter, the company’s sales amounted to 105,790 K and its income totaled -26,090 K.
