Innodata Inc. (INOD) Stock: Here’s Why It’s Headed For The Top

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Innodata Inc. (INOD) is making a move up in the market today. The company, one that is focused on the service space, is currently trading at $1.20 after a move up of 8.64% so far today. When it comes to service companies, there are quite a few factors that have the potential to lead to price movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines associated with INOD:

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Jul-12-19 08:30AM Innodata Authorized Up To $2.0 Million Common Stock Repurchase Program
Jul-08-19 11:18AM Are Insiders Buying Innodata Inc. (NASDAQ:INOD) Stock?
Jun-11-19 07:00AM Innodata Launches Data Annotation and Labeling Solution for Enterprises Requiring Complex Training Data for Artificial Intelligence
May-23-19 04:11PM Edited Transcript of INOD earnings conference call or presentation 9-May-19 3:00pm GMT
May-09-19 08:30AM Innodata Reports First Quarter 2019 Results

Nonetheless, when making a decision to invest, investors should look at much more than news, especially in the ever complex service industry. Here’s what’s happening with Innodata Inc..

Trends That We’ve Seen From INOD

While a move toward the top in a single session, like what we’re seeing from Innodata Inc. might cause fear in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It is generally smart to look at trends further out than a single trading session. When it comes to INOD, below are the trends that we’ve seen:

  • Past 7 Days – Throughout the last five trading sessions, INOD has seen a price change in the amount of 19.57%.
  • Past Month – The return on investment from Innodata Inc. throughout the past month has been 12.24%.
  • Past 3 Months – Over the past three months, the company has produced a ROI that comes to -12.70%
  • Bi-Annually – In the last six months, investors have seen a performance that works out to -26.17% from the company.
  • Year To Date – Since the open of this year INOD has generated a return on investment of -26.67%.
  • Full Year – Finally, throughout the past full year, we have seen a change that works out to 2.14% from INOD. Throughout this period, the stock has traded at a high price of -41.71% and a low price of 35.80%.

Rations That Investors Should Look Into

Looking at various ratios associated with a company can provide investors an understanding of how risky and/or rewarding a an investment option might be. Below are a few of the key ratios to think about when digging into INOD.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is headed for the top. In general, strong service sector stocks can come with a lower short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, in regard to Innodata Inc., the stock’s short ratio clocks in at 0.52.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure the company’s abilities to pay for its debts when they come due using quick assets or current assets. come with positive quick and current ratios. When it comes to INOD, the quick and current ratios total up to 1.80 and 1.80 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets that are owned by the company. In the case of Innodata Inc., that ratio equates to 1.18.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value ratio comes to 0.47.

Is Big Money Interested in Innodata Inc.?

An interesting fact I’ve learned so far in my short time on Earth has been that good investors tend to follow big money investors. So, investors that are looking to keep their investments relatively safe will watch investments made by institutions and insiders. So, is big money interested as it relates to INOD? Here’s what’s happening:

  • Institutional Investors – As it stands now, institutions hold 27.10% of the company. Nonetheless, it’s worth considering that the ownership held by institutions has seen a move of 0.03% in the past 3 months.
  • Investors On The Inside – as it relates to insiders, those close to the company currently hold 4.30% of the company. Insider ownership of the company has moved 2.00% in the past 3 months.

Analyst Opinions With Regard To Innodata Inc.

Although it’s never a good idea to blindly follow the thoughts of analysts, it is a good idea to consider their analysis in order to validate your own when it comes to making an investment decision in the service industry. Below you’ll find the recent moves that we have seen from analysts when it comes to INOD.

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What We’ve Seen In Financial Results

What have ween seen from INOD in terms of financial results?Here is the data:

  • Analyst Expectations – Currently, Wall Street analysts have expectations that the company will come up with EPS that comes to 0, with 0 to be announced in the next financial report. Although this data is not associated with earnings, because we are talking about Wall St. analysts, INOD is currently rated a 0 on a scale from 1 to 5 where 1 is the poorest Wall St. analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the past 5 years, Innodata Inc. has reported a change in sales volume that works out to be -2.20%. EPS through the past half decade have experienced a change of 14.90%.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly represented in the human world, Innodata Inc. has experienced a change in earnings in the amount of -68.20%. INOD has also seen a change in terms of revenue that comes to a total of -2.80%.

Interested In How Many Shares Are Available?

Investors tend to like to know the total numbers of shares both available and outstanding. With respect to Innodata Inc., there are currently 25.98M and there is a float of 21.67M. These numbers mean that out of the total of 25.98M shares of INOD in existence today, 21.67M are available to trade hands by the public.

I also find it important to pay attention to the short float. After all, when a large percentage of the float available for trading is shorted, the overall feeling in the market is that the equity is headed for a steep decline. As far as it relates to INOD, the percentage of the float that is sold short comes to a total of 0.05%. Most traders believe that a high short percent of the float would be considered to be anything over 40%. Nonetheless, I’ve calculated that anything over 26% is usually a a play that could prove to be very risky.

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