How to Buy Innodata Stock
Innodata Inc
Innodata Inc. operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally.
Innodata stock last closed at $6.33, up 10.28% from the previous day, and has decreased 24.28% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.38 percentage points. Innodata stock is currently +15.93% from its 52-week low of $5.46, and -58.79% from its 52-week high of $15.36.
As of Apr 24, 2024, there are 28.75M INOD shares outstanding. The market value of INOD is $182.01M. In the last 24 hours, 600,517 INOD shares were traded.
How to Buy Innodata Stock
Wondering how to invest in Innodata stock? Here's how.
- Choose where to buy Innodata stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Innodata stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your info.
- Analyze Innodata stock: The Innodata ticker symbol is INOD. Is Innodata stock a good investment? Should you buy shares of INOD? How do INOD's underlying business fundamentals look? Do top analysts think Innodata is a good buy? Why has INOD's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if INOD is a good stock to buy).
- Place your INOD buy order: Decide if you will purchase INOD shares at the current market price or use a limit order to buy INOD shares at a given price.
- Watch your investment in INOD: Create a watchlist to key updates about your investment in Innodata shares.
Step 1: Choose where to buy Innodata stock
You need a brokerage account in order to access the NASDAQ market and buy INOD shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you can buy INOD today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on the best stock market app, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of depositing money into your new brokerage account.
Step 4: Analyze Innodata stock
Once you have identified the best place to buy Innodata stock, it's important to analyze their stock before you buy, so you can comprehend the risk as well as the upside.
Innodata Numbers
Fundamentals of Innodata
WallStreetZen was designed to help everyday investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on INOD's stock page.
Is INOD stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge INOD's true value.
Using relative valuations methods:
- INOD may be overvalued based on its P/B ratio of 6.89x, relative to Information Technology Services industry P/B ratio of 4.61x
You can do additional valuation research on INOD's stock here.
INOD Financial Health
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the INOD balance sheet.
- INOD profit margin has gone up from -15.1% to -1% in the past year.
- There are more short-term assets than short-term liabilities on the INOD balance sheet.
- INOD's operating cash flow of $5.90M allows it to safely service it's debt of $12.26M.
Negative Health Checks:
- Total INOD debt is higher than 5 years ago, relative to shareholder equity.
- INOD has a relatively high debt to equity ratio of 1.3.
- INOD earnings of $299.00k is not enough to cover its interest payments.
INOD Trading Indicators
INOD Performance Metrics
Last year, INOD revenue was $86.78M. In the last five year, INOD's revenue has grown by 8.61% per year. This was faster than the Information Technology Services industry average of 7.63%.
Dig into INOD's earnings and revenue performance here.
Who is buying/selling INOD?
Over the past 12 months, insiders at INOD have sold more shares than they have bought.
Marissa B. Espineli, Interim CFO of INOD, was the latest INOD insider to sell. They sold $174,885.12 worth of INOD stock on Aug 30, 2023.
Learn more about who owns INOD shares here.
Can I get consistent income from INOD stock?
No, Innodata doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your INOD buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Press the Open button and your broker will place the order.
If you want additional help investing in stocks on eToro, click the helpful video below:
Step 6: Watch your investment in INOD
Now that you own some INOD stock, you'll want to keep up with your new investment.
Put INOD on a watchlist to track the latest developments regarding your INOD stock.
INOD Feed
How to Buy Stock in Innodata
To summarize, here are the 6 steps to buy stock in Innodata:
- Choose where to buy Innodata stock
- Create a brokerage account
- Fund your brokerage account
- Analyze Innodata stock
- Place your INOD buy order
- Watch your investment in INOD
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Innodata, create a watchlist today.
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