Inotiv Inc (NASDAQ: NOTV) stock enjoyed a major increase of 10.4% on 3/15/24. The shares closed at $9.13. Moreover, this advance was accompanied by unusually high trading volume at 161% of normal. Relative to the market the stock has been strong over the last nine months and has risen 14.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NOTV is expected to be a modest Value Builder.
Inotiv has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Inotiv has a slightly positive Power Rating of 63 and a very high Appreciation Score of 93, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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