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Inotiv Inc (NOTV) receives a Hold rating from Jefferies

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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 $0.18 million.

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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 downgraded its Inotiv Inc [NOTV] rating to a Hold from a a Buy in a research note published on May 14, 2024; the price target was decreased to $3.75 from $11.50. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Wells Fargo began covering NOTV with “an Overweight” recommendation on July 20, 2023. Jefferies revised its rating on January 19, 2023. It rated NOTV as “a Hold” which previously was an “a Buy”.

Price Performance Review of NOTV

On Tuesday, Inotiv Inc [NASDAQ:NOTV] saw its stock jump 1.26% to $1.61. Over the last five days, the stock has lost -6.94%. Inotiv Inc shares have fallen nearly -56.13% since the year began. Nevertheless, the stocks have fallen -66.25% over the past one year. While a 52-week high of $11.42 was reached on 03/26/24, a 52-week low of $1.54 was recorded on 07/02/24. SMA at 50 days reached $2.6336, while 200 days put it at $3.9643. A total of 0.41 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For NOTV Stock

The 24-hour chart illustrates a support level at 1.5400, which if violated will result in even more drops to 1.4700. On the upside, there is a resistance level at 1.6500. A further resistance level may holdings at 1.6900. The Relative Strength Index (RSI) on the 14-day chart is 33.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0879, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.68%. Stochastics%K at 20.43% indicates the stock is a holding.

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