On 11/22/23, Innodata Inc (NASDAQ: INOD) stock suffered a major decline of -20.7%, closing at $6.64. The stock has been exceptionally strong relative to the market over the last nine months but has declined -25.2% during the last week.
Current PriceTarget Research Rating
INOD is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Innodata has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Innodata has a very low Appreciation Score of 1 but a good Power Rating of 79, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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