The price of Innodata Inc (NASDAQ:INOD) shares last traded on Wall Street rose 13.47% to $61.91.
INOD stock price is now 50.32% away from the 50-day moving average and 147.12% away from the 200-day moving average. The market capitalization of the company currently stands at $1.80B.
With the price target of $48, Wedbush recently initiated with Outperform rating for Innodata Inc (NASDAQ: INOD). On September 17, 2024, Craig Hallum recently initiated its ‘Buy’ rating on the stock quoting a target price of $23, while ‘Maxim Group’ rates the stock as ‘Buy’
In other news, Toor Nauman Sabeeh, Director sold 110,207 shares of the company’s stock on Dec 20 ’24. The stock was sold for $4,849,108 at an average price of $44.00. Upon completion of the transaction, the Director now directly owns 209,194 shares in the company, valued at $12.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’24, Chairman of the Board Toor Nauman Sabeeh bought 200,000 shares of the business’s stock. A total of $9,000,000 was incurred on buying the stock at an average price of $45.00. A total of 5.50% of the company’s stock is owned by insiders.
During the past 12 months, Innodata Inc has had a low of $5.46 and a high of $62.32. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 2.05, and a quick ratio of 1.84.
The net profit margin was 16.81% and return on equity was 64.28% for INOD. The company reported revenue of $52.22 million for the quarter, compared to $22.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 135.57 percent.
