Inotiv Inc Stock Chance of Future Stock Price Finishing Over 27.93
| NOTV Stock | USD 4.75 0.11 2.26% |
Inotiv |
Inotiv Target Price Odds to finish over 27.93
The tendency of Inotiv Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 27.93 or more in 90 days |
| 4.75 | 90 days | 27.93 | close to zero percent |
Based on a normal probability distribution, the odds of Inotiv to move over $ 27.93 or more in 90 days from now is close to zero percent (This Inotiv Inc probability density function shows the probability of Inotiv Stock to fall within a particular range of prices over 90 days) . Probability of Inotiv Inc price to stay between its current price of $ 4.75 and $ 27.93 at the end of the 90-day period is about 6.68 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.79 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Inotiv will likely underperform. In addition to that Inotiv Inc has an alpha of 2.0903, implying that it can generate a 2.09 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Inotiv Price Density |
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Predictive Modules for Inotiv
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Inotiv Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inotiv's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Inotiv Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Inotiv is not an exception. The market had few large corrections towards the Inotiv's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Inotiv Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Inotiv within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.09 | |
β | Beta against Dow Jones | 1.79 | |
σ | Overall volatility | 1.24 | |
Ir | Information ratio | 0.25 |
Inotiv Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Inotiv for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Inotiv Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Inotiv Inc is way too risky over 90 days horizon | |
| Inotiv Inc appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 490.74 M. Net Loss for the year was (108.89 M) with profit before overhead, payroll, taxes, and interest of 157.21 M. | |
| Inotiv Inc currently holds about 21.24 M in cash with (6.8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.83. | |
| Inotiv Inc has a poor financial position based on the latest SEC disclosures | |
| Roughly 13.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Inotiv, Inc. Completes Equity Offering for Net Proceeds of Approximately 24.0 Million |
Inotiv Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Inotiv Stock often depends not only on the future outlook of the current and potential Inotiv's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Inotiv's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 25.9 M | |
| Cash And Short Term Investments | 21.4 M |
Inotiv Technical Analysis
Inotiv's future price can be derived by breaking down and analyzing its technical indicators over time. Inotiv Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Inotiv Inc. In general, you should focus on analyzing Inotiv Stock price patterns and their correlations with different microeconomic environments and drivers.
Inotiv Predictive Forecast Models
Inotiv's time-series forecasting models is one of many Inotiv's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Inotiv's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Inotiv Inc
Checking the ongoing alerts about Inotiv for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Inotiv Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Inotiv Inc is way too risky over 90 days horizon | |
| Inotiv Inc appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 490.74 M. Net Loss for the year was (108.89 M) with profit before overhead, payroll, taxes, and interest of 157.21 M. | |
| Inotiv Inc currently holds about 21.24 M in cash with (6.8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.83. | |
| Inotiv Inc has a poor financial position based on the latest SEC disclosures | |
| Roughly 13.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Inotiv, Inc. Completes Equity Offering for Net Proceeds of Approximately 24.0 Million |
Additional Tools for Inotiv Stock Analysis
When running Inotiv's price analysis, check to measure Inotiv's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Inotiv is operating at the current time. Most of Inotiv's value examination focuses on studying past and present price action to predict the probability of Inotiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inotiv's price. Additionally, you may evaluate how the addition of Inotiv to your portfolios can decrease your overall portfolio volatility.