Innodata (INOD) Stock Price, News & Analysis

Company Overview

Innodata Inc. operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services. This segment also provides a range of data engineering support services, including data transformation, data curation, data hygiene, data consolidation, data extraction, data compliance, and master data management. The Synodex segment offers an industry platform that transforms medical records into useable digital data with its proprietary data models or client data models. The Agility segment provides an industry platform that offers marketing communications and public relations professionals to target and distribute content to journalists and social media influencers; and to monitor and analyze global news channels, such as print, web, radio, and TV, as well as social media channels. It serves banking, insurance, financial services, technology, digital retailing, and information/media sectors through its professional staff, senior management, and direct sales personnel. The company was formerly known as Innodata Isogen, Inc. and changed its name to Innodata Inc. in June 2012. Innodata Inc. was incorporated in 1988 and is headquartered in Ridgefield Park, New Jersey.

Key Stats

• Today's Range: $38.11 to $44.28
• 50-Day Range: $16.92 to $46.39
• 52-Week Range: $5.46 to $55.17
• Volume: 2.60 million shs
• Average Volume: 840,381 shs
• Market Capitalization: $1.25 billion
• P/E Ratio: 72.90
• Dividend Yield: N/A
• Price Target: $38.20
• Consensus Rating: Buy

Innodata Stock Analysis - MarketRank™

Innodata scored higher than 44% of companies evaluated by MarketBeat, and ranked 469th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Innodata has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Innodata has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 20.34%

Earnings Growth

Earnings for Innodata are expected to grow by 20.34% in the coming year, from $0.59 to $0.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Innodata is 72.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Innodata is 72.90, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 245.61.

Price to Book Value per Share Ratio

Innodata has a P/B Ratio of 47.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.55% of the outstanding shares of Innodata have been sold short.

Short Interest Ratio / Days to Cover

Innodata has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Innodata has recently increased by 12.15%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Innodata does not currently pay a dividend.

Dividend Growth

Innodata does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.55% of the outstanding shares of Innodata have been sold short.

Short Interest Ratio / Days to Cover

Innodata has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Innodata has recently increased by 12.15%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.45

News Sentiment

Innodata has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Innodata this week, compared to 5 articles on an average week.

Search Interest

55 people have searched for INOD on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

MarketBeat Follows

23 people have added Innodata to their MarketBeat watchlist in the last 30 days. This is an increase of 10% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Innodata insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $42,040,262.00 in company stock.

Percentage Held by Insiders

15.23% of the stock of Innodata is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 30.75% of the stock of Innodata is held by institutions.

INOD Stock Analysis - Frequently Asked Questions

How have INOD shares performed this year?

Innodata's stock was trading at $8.14 at the beginning of 2024. Since then, INOD shares have increased by 428.4% and is now trading at $43.01.
View the best growth stocks for 2024 here.

How were Innodata's earnings last quarter?

Innodata Inc. (NASDAQ:INOD) released its earnings results on Thursday, May, 14th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. The technology company earned $14.53 million during the quarter. Innodata had a net margin of 14.57% and a trailing twelve-month return on equity of 44.38%.

Who are Innodata's major shareholders?

Top institutional shareholders of Innodata include Janus Henderson Group PLC (2.69%), Geode Capital Management LLC (2.12%), State Street Corp (1.85%) and Charles Schwab Investment Management Inc. (0.27%). Insiders that own company stock include Jack Abuhoff, Nauman Sabeeh Toor, Stewart R Massey, Louise C Forlenza, Marissa B Espineli and Ashok Mishra.
View institutional ownership trends.

How do I buy shares of Innodata?

Shares of INOD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Innodata own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Innodata investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Broadcom (AVGO), Netflix (NFLX) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 5/14/2020
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Data Processing & Outsourced Services
• Current Symbol: NASDAQ:INOD
• CUSIP: 45764220
• CIK: 903651
• Web: www.innodata.com
• Phone: (201) 371-8000
• Fax: 302-655-5049
• Employees: 4,325
• Year Founded: 1988

Price Target and Rating

• Average Stock Price Target: $38.20
• High Stock Price Target: $48.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: -11.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.59
• Trailing P/E Ratio: 72.90
• Forward P/E Ratio: 72.90
• P/E Growth: N/A
• Net Income: $-910,000.00
• Net Margins: 14.57%
• Pretax Margin: 10.95%
• Return on Equity: 44.38%
• Return on Assets: 20.81%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 1.84
• Quick Ratio: 1.84

Sales & Book Value

• Annual Sales: $137.39 million
• Price / Sales: 9.08
• Cash Flow: $0.15 per share
• Price / Cash Flow: 284.46
• Book Value: $0.90 per share
• Price / Book: 47.79

Miscellaneous

• Outstanding Shares: 29,000,000
• Free Float: 24,583,000
• Market Cap: $1.25 billion
• Optionable: Optionable
• Beta: 2.56