Innodata Inc (NASDAQ: INOD) stock closed at $19.76 on 7/26/24 after a major increase of 14.1%. Moreover, above average trading volume at 147% of normal accompanied the advance. The stock has risen 4.3% during the last week and has been exceptionally strong 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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Innodata has a very low Appreciation Score of 4 but a very high Power Rating of 87, producing the Low 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.
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