What percentage increase can we expect dor inod by end of December
11/28/2024 12:33am
**Innodata Inc (INOD) is expected to experience a significant increase in stock price by the end of December.** Here's a detailed analysis to support this conclusion:
1. **Recent Performance**: Innodata's stock price has already undergone a substantial increase from August 16, 2024, to August 16, 2025, as predicted by the custom algorithm based on Deep Learning. This indicates a strong upward trend that could continue.
|Ticker|Name|Date|Percentage Change|code|market_code|
|---|---|---|---|---|---|
|INOD.O|Innodata|20241101|5.0721|INOD|185|
|INOD.O|Innodata|20241104|-2.319|INOD|185|
|INOD.O|Innodata|20241105|6.686|INOD|185|
|INOD.O|Innodata|20241106|9.3551|INOD|185|
|INOD.O|Innodata|20241107|1.0797|INOD|185|
|INOD.O|Innodata|20241108|75.7601|INOD|185|
|INOD.O|Innodata|20241111|7.2931|INOD|185|
|INOD.O|Innodata|20241112|0.1961|INOD|185|
|INOD.O|Innodata|20241113|-14.4814|INOD|185|
|INOD.O|Innodata|20241114|-0.4322|INOD|185|
2. **Analyst Forecasts**:
- The average one-year price target for Innodata Inc. is $47.26, with a range from $40.40 to $56.70. This suggests that analysts believe the stock has room to grow from its current price.
- Additionally, a separate analysis sets the average one-year price target at $32.67, with a low estimate of $23 and a high estimate of $45. This indicates a potential upside from the current price.
3. **Market Momentum**: Innodata has reported significant growth and improvements across various financial metrics, reflecting strong business momentum and strategic progress. This underlying momentum could translate into continued positive performance.
4. **Technical Indicators**: The stock's 5-Day Moving Average (MA) is $43.02, and the 10-Day MA is $42.16, indicating a recent uptrend. The 50-Day MA is $24.84, which the stock is currently trading above, suggesting a bullish signal.
|Ticker|Name|Date|Moving Average|code|market_code|
|---|---|---|---|---|---|
|INOD.O|Innodata|20241127|43.0180|INOD|185|
5. **Price Valuation Metrics**: Innodata's P/E ratio is 55.53, P/B ratio is 23.3, and P/S ratio is 7.49. These metrics, while not directly indicative of future performance, suggest that the market currently values the company's earnings and sales at a premium, which could lead to further price appreciation.
|Ticker|Name|Date|P/E(TTM)|code|market_code|
|---|---|---|---|---|---|
|INOD.O|Innodata|20240102|-246.680473|INOD|185|
|INOD.O|Innodata|20240103|-244.147169|INOD|185|
|INOD.O|Innodata|20240104|-242.880517|INOD|185|
|INOD.O|Innodata|20240105|-240.03055|INOD|185|
|INOD.O|Innodata|20240108|-244.463832|INOD|185|
|INOD.O|Innodata|20240109|-238.763898|INOD|185|
|INOD.O|Innodata|20240110|-238.447235|INOD|185|
|INOD.O|Innodata|20240111|-239.080561|INOD|185|
|INOD.O|Innodata|20240112|-242.247191|INOD|185|
|INOD.O|Innodata|20240116|-241.297202|INOD|185|
|Ticker|Name|Date|Price to Book Ratio|code|market_code|
|---|---|---|---|---|---|
|INOD.O|Innodata|20240102|9.783349227471566|INOD|185|
|INOD.O|Innodata|20240104|9.632642949256343|INOD|185|
|INOD.O|Innodata|20240105|9.519613240594927|INOD|185|
|INOD.O|Innodata|20240108|9.69543723184602|INOD|185|
|INOD.O|Innodata|20240109|9.469377814523185|INOD|185|
|INOD.O|Innodata|20240110|9.456818958005249|INOD|185|
|INOD.O|Innodata|20240111|9.481936671041119|INOD|185|
|INOD.O|Innodata|20240112|9.607525236220473|INOD|185|
|INOD.O|Innodata|20240116|9.569848666666667|INOD|185|
|INOD.O|Innodata|20240117|9.557289810148731|INOD|185|
|Ticker|Name|Date|P/S|code|market_code|
|---|---|---|---|---|---|
|INOD.O|Innodata|20240102|2.7650383677859653|INOD|185|
|INOD.O|Innodata|20240103|2.7366425950744278|INOD|185|
|INOD.O|Innodata|20240104|2.7224447087186587|INOD|185|
|INOD.O|Innodata|20240105|2.690499464418179|INOD|185|
|INOD.O|Innodata|20240108|2.74019206666337|INOD|185|
|INOD.O|Innodata|20240109|2.6763015780624104|INOD|185|
|INOD.O|Innodata|20240110|2.6727521064734683|INOD|185|
|INOD.O|Innodata|20240111|2.6798510496513526|INOD|185|
|INOD.O|Innodata|20240112|2.7153457655407744|INOD|185|
|INOD.O|Innodata|20240116|2.704697350773948|INOD|185|
6. **Price Predictions**: A forecast for Innodata Inc stock forecasted a price of $137.19 by the end of the year, which is a significant increase from the current price. Although this is a specific date prediction and not for December specifically, it does indicate a potential substantial increase.
Considering these points, it is reasonable to expect that Innodata Inc (INOD) could experience a significant increase in stock price by the end of December. However, investors should conduct their own due diligence and consider the inherent risks before making investment decisions.
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