Stock Rating Downgrade
The Value Trend Rating for Inotiv Inc (NASDAQ: NOTV) weakened in recent days 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
Inotiv Inc (NASDAQ: NOTV) stock closed at $5.95 on 12/13/24 after a major increase of 26.1%. Moreover, exceptionally high trading volume at 1100% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 48.0% during the last week.
Current PriceTarget Research Rating
Inotiv has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Inotiv has a good Appreciation Score of 75 but a very low Power Rating of 0, producing the Negative Value Trend Rating.
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