Innodata Inc (NASDAQ: INOD) stock enjoyed a major increase of 13.3% on 8/9/24. The shares closed at $18.55. Moreover, this advance was accompanied by exceptionally high trading volume at 294% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.8% during the last week.
Current PriceTarget Research Rating
With future capital returns 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Innodata has a very low Appreciation Score of 6 but a very high Power Rating of 89, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment