Innodata (INOD) Stock Price

Financial Performance

Innodata has shown a remarkable financial performance with its revenue of $52.2M in the last quarter, marking a significant increase by 60.4% from the previous quarter and doubling year over year. Gross profit followed a similar trend, rising to $21.3M, up by 105.6% from the previous quarter and increasing by 112.1% year over year. Operating income also saw robust growth at $11.4M, up by an impressive 515.7% YoY and up by 102.9% QoQ.

The company's EBITDA ratio stood at a healthy level of 0.22 last quarter indicating good profitability.

Stock Price

Innodata's stock price is currently trading at $43.1 with an upward trend seen both monthly (17%) and yearly (270%). The RSI value stands at 66 indicating that it is nearing overbought territory but not quite there yet which could mean there is still room for further upward movement before any potential pullback occurs due to overselling.

The stock's current price significantly outperforms its average price over the past 200 days ($22), suggesting strong bullish sentiment among investors.

Alternative Data Signals

Innodata's website traffic has grown substantially month-over-month (49%) and YoY (107%), indicating increased interest in the company which bodes well for future business prospects.

The number of job openings has surged recently, suggesting expansionary activities within Innodata despite a slight decrease on a YoY basis (-20%). Employee outlook remains neutral with approximately half of them having positive views about their employer’s prospects.

Social media following on Twitter and Facebook has also been rising, indicating growing awareness of the company.

Conclusion

In conclusion, Innodata's financial performance, stock price trends, alternative data signals all suggest a bullish outlook for the company. However, investors should keep an eye on the RSI value which is nearing overbought territory. Overall, Innodata's stock performance appears strong with potential for further growth.

Note: This AI Stock Analysis is based on data as of February 08. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Innodata (INOD), currently trading at $44.35, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.