Innodata Inc (NASDAQ: INOD) stock enjoyed a major increase of 75.8% on 11/8/24. The shares closed at $42.78. Moreover, this advance was accompanied by exceptionally high trading volume at 1362% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 112.7% during the last week.
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 (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Innodata has a very low Appreciation Score of 7 but a very high Power Rating of 97, and the Neutral Value Trend Rating results.
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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