Inotiv Inc’s recent filing unveils that its Chief Operating Officer Beattie John Gregory acquired Company’s shares for reported $0.15 million on Dec 14 ’23. In the deal valued at $3.12 per share,47,966 shares were bought. As a result of this transaction, Beattie John Gregory now holds 111,761 shares worth roughly $0.83 million.
Then, Garrett Michael bought 5,000 shares, generating $14,145 in total proceeds. Upon buying the shares at $2.83, the Chief Commercial Officer now owns 16,467 shares.
Jefferies upgraded its Inotiv Inc [NOTV] rating to a Buy from a a Hold in a research note published on February 09, 2024; the price target was increased to $11.50 from $3. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. Jefferies also remained covering NOTV and has decreased its forecast on January 19, 2023 with a “Hold” recommendation from previously “Buy” rating. Lake Street revised its rating on January 11, 2023. It rated NOTV as “a Buy” which previously was an “a Hold”.
Price Performance Review of NOTV
On Tuesday, Inotiv Inc [NASDAQ:NOTV] saw its stock jump 0.82% to $7.39. Over the last five days, the stock has lost -22.13%. Inotiv Inc shares have risen nearly 101.36% since the year began. Nevertheless, the stocks have risen 80.68% over the past one year. While a 52-week high of $11.42 was reached on 03/26/24, a 52-week low of $1.61 was recorded on 02/02/24. SMA at 50 days reached $7.10, while 200 days put it at $4.50. A total of 0.31 million shares were traded, compared to the trading of 1.31 million shares in the previous session.
Levels Of Support And Resistance For NOTV Stock
The 24-hour chart illustrates a support level at 7.12, which if violated will result in even more drops to 6.86. On the upside, there is a resistance level at 7.71. A further resistance level may holdings at 8.04. The Relative Strength Index (RSI) on the 14-day chart is 42.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.17%. Stochastics %K at 6.49% indicates the stock is a buying.
How much short interest is there in Inotiv Inc?
A steep rise in short interest was recorded in Inotiv Inc stocks on Mar 28, 2024, dropping by 7440.0 shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.94 million shares. There was a decline of -0.79%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.83% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.97.
