Stock Rating Downgrade
The Value Trend Rating for Inotiv Inc (NASDAQ: NOTV) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 1/5/24, Inotiv Inc (NASDAQ: NOTV) stock enjoyed a very large increase of 6.3%, closing at $4.23. Moreover, trading volume in this advance was above average at 139% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 26.3% during the last week.
Current PriceTarget Research Rating
NOTV’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
Inotiv has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Inotiv has a good Appreciation Score of 76 but a very low Power Rating of 0, leading to the Negative Value Trend Rating.
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