Innodata Inc (NASDAQ: INOD) stock enjoyed a major increase of 10.3% on 4/24/24. The shares closed at $6.33. This advance was accompanied by normal trading volume. The stock has been extremely weak relative to the market over the last nine months but has risen 5.7% during the last week.
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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Innodata has a poor Power Rating of 22 and a very low Appreciation Score of 3, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive 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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