Innodata Inc (NASDAQ: INOD) stock closed at $15.46 on 9/23/24 after a major increase of 10.8%. Moreover, trading volume in this advance was above average at 132% of normal. The stock has declined -1.5% during the last week but 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 (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Innodata has a poor Appreciation Score of 18 but a very high Power Rating of 99, producing the High 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