Taking On Challenges And Growing? – Inotiv Inc (NOTV)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Inotiv Reports First Quarter Financial Results for Fiscal 2024 and Provides Business Update.

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Stocks Info

This NASDAQ-listed company operates within the Diagnostics & Research industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $4.96 and fluctuated between $5.3700 as its day high and $4.7800 as its day low. The current market capitalization of Inotiv Inc is $127.92M. A total of 0.98 million shares were traded on the day, compared to an average of 3.91 shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NOTV has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 0 SELLs from insiders. Insiders purchased 312,827 shares during that period but sold 0.

In the most recent transaction, Beattie John Gregory bought 47,966 shares of NOTV for 3.12 per share on Dec 14. After the transaction, the Chief Operating Officer now owns 111,761 company shares. In a previous transaction on Dec 14, Garrett Michael bought 5,000 shares at 2.83 per share. NOTV shares that Chief Commercial Officer owns now total 16,467.

Among the insiders who bought shares, Sagartz John E acquired of 5,100 shares on Mar 14 at a per-share price of $4.91. This resulted in the Chief Strategy Officer holding 692,047 shares of NOTV after the transaction. In another insider transaction, Beattie John Gregory bought 5,000 shares at $6.99 per share on Feb 22. Company shares held by the Chief Operating Officer now total 63,795.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NOTV in the last 3 months, the mean price target is $15.50 with high estimates of $25.00 and low estimates of $10.00. In terms of 52-week highs and lows, NOTV has a high of $8.28 and a low of $1.61.

As of this writing, NOTV has an earnings estimate of -$0.54 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.34 per share and a lower estimate of -$0.74. The company reported an EPS of -$0.38 in the last quarter, which was -15.20% lower than expectations of -$0.33.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. NOTV’s latest balance sheet shows that the firm has $138.92M in Cash & Short Term Investments as of fiscal 2021. There were $174.13M in debt and $55.11M in liabilities at the time. Its Book Value Per Share was $9.85, while its Total Shareholder’s Equity was $105.13M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NOTV is Buy with a score of 5.00.

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