Innodata Inc (NASDAQ: INOD) stock closed at $10.47 on 5/8/24 after a major increase of 55.3%. Moreover, trading volume in this advance was exceptionally high at 2753% of normal. The stock has risen 79.3% during the last week but has been extremely weak relative to the market over the last nine months.
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 F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Innodata has a poor Power Rating of 22 and a very low Appreciation Score of 3, resulting in the Lowest Value Trend Rating.
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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