Innodata (INOD) Stock Price

Financial Performance

Innodata's financial performance has been impressive with a significant increase in revenue and gross profit. The company reported revenue of $59.2M, up by 13.3% from the previous quarter and up by an astounding 123.3% year over year. Their gross profit was $26.8M, also showing considerable growth of 25.4% from the previous quarter and a massive jump of 180% year over year.

Their operating income profit was slightly down by -1.5% from the previous quarter which is not too concerning considering their overall positive financial performance. Their EBITDA ratio, in the last quarter, was at a healthy level of 0.22.

Stock Price

The stock price for Innodata is currently trading at $42.95 with a PE ratio of 33.29 indicating that it's valued fairly given its earnings situation.

Despite being down -12.5% in the last month, it seems to be performing well above its 200-day moving average of $41.21 suggesting that it may be on an upward trend in the long term perspective.

The RSI value is currently at 36.52 which indicates that the stock is nearing oversold territory and could potentially represent a buying opportunity for investors looking to get into this stock at a lower price point.

Alternative Data Signals

Innodata's website traffic has significantly increased both month over month (44%) and year over year (15%). This suggests increased interest or engagement with their products or services which can potentially lead to higher sales figures in future quarters.

The number of job openings has dramatically increased both month over month (37.8%) and year over year (606.3%). This could indicate that the company is in a growth phase and potentially expecting to increase their revenue even further.

The positive business outlook reported by 73% of employees could be indicative of a healthy internal culture and good management practices which can contribute to better operational efficiencies and productivity.

Conclusion

In conclusion, despite some short-term fluctuations, Innodata's stock seems to have a bullish long term perspective given its strong financial performance, fair valuation, positive alternative data signals such as increased website traffic, job openings and employee sentiment. However, it would be wise for potential investors to keep an eye on the RSI value before making investment decisions.

Note: This AI Stock Analysis is based on data as of August 12. Our members can refresh and get access to an up-to-date AI stock analysis.

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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 $39.67, 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.