On 2/26/24, Inotiv Inc (NASDAQ: NOTV) stock enjoyed a major increase of 15.1%, closing at $6.42. Moreover, unusually high trading volume at 154% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 15.3% during the last week.
Current PriceTarget Research Rating
NOTV is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Inotiv has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Inotiv has a very high Appreciation Score of 97 but a poor Power Rating of 30, 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.
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