Inotiv Inc (NASDAQ: NOTV) stock closed at $4.77 on 5/6/24 after a major increase of 11.7%. However, below average trading volume at 78% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 17.8% during the last week.
Current PriceTarget Research Rating
NOTV is expected to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
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 highly consistent signals. Inotiv has a very high Power Rating of 98 and a very high Appreciation Score of 98, 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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