Innodata Inc (NASDAQ: INOD) stock closed at $5.99 on 3/12/24 after a major decline of -16.3%. Moreover, this decline was accompanied by unusually high trading volume at 165% of normal. The stock has declined -17.9% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, INOD is expected to continue to be Value Creation neutral.
Innodata has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Innodata has a poor Power Rating of 26 and a very low Appreciation Score of 2, and the Lowest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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