INOD
Innodata Inc. Technology - Information Technology Services Investor Relations →
Innodata Inc. (INOD) closed at $57.14 as of 2026-09-18, trading 82.2% above its 200-week moving average of $31.37. The stock moved further from the line this week, up from 71.1% last week. With a 14-week RSI of 18, INOD is in oversold territory.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.09 ratio) is neutral — neither side is clearly dominating.
Over the past 1679 weeks of data, INOD has crossed below its 200-week moving average 18 times. On average, these episodes lasted 54 weeks. Historically, investors who bought INOD at the start of these episodes saw an average one-year return of +62.3%.
With a market cap of $1965 million, INOD is a small-cap stock. The company generates a free cash flow yield of 8.6%, which is notably high. Return on equity stands at 37.8%, indicating strong profitability. The stock trades at 12.3x book value.
Share count has increased 18.0% over three years, indicating dilution. INOD passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 32.2 years, a hypothetical investment of $100 in INOD would have grown to $3516, compared to $2920 for the S&P 500. That represents an annualized return of 11.7% vs 11.0% for the index — confirming INOD as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: INOD vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After INOD Crosses Below the Line?
Across 18 historical episodes, buying INOD when it crossed below its 200-week moving average produced an average return of +81.3% after 12 months (median -15.0%), compared to +8.6% for the S&P 500 over the same periods. 28% of those episodes were profitable after one year. After 24 months, the average return was +135.6% vs +28.4% for the index.
Each line shows $100 invested at the moment INOD crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices INOD would reach each dislocation threshold.
Dislocation Price Levels
Prices where INOD's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-11-05.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $49.03 | Unusually cheap — analysis point |
| Value | +1σ | $58.92 | Cheap vs. own history |
| Fair Value | +0σ | $73.82 | Historical mean behavior |
| Expensive | -1σ | $98.80 | Expensive vs. own history |
| Deep Expensive | -2σ | $149.34 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-08-06 | $0.26 | $0.41 | +57.3% |
| 2026-05-07 | $0.19 | $0.42 | +127.0% |
| 2026-02-26 | $0.26 | $0.25 | -3.9% |
| 2025-11-06 | $0.16 | $0.24 | +50.0% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from INOD's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
INOD has crossed below its 200-week MA 18 times with an average 1-year return of +62.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 1994 | Jul 1998 | 209 | 86.0% | -40.4% | +3416.3% |
| Aug 1998 | Mar 1999 | 30 | 51.1% | +112.0% | +10870.9% |
| Sep 2001 | Oct 2001 | 2 | 20.6% | -40.1% | +3321.6% |
| Feb 2002 | Mar 2002 | 5 | 15.5% | -59.5% | +2473.9% |
| Apr 2002 | Sep 2003 | 77 | 67.5% | -54.1% | +2395.2% |
| Apr 2005 | May 2005 | 4 | 9.2% | -3.3% | +2016.3% |
| May 2005 | Jun 2005 | 1 | 0.8% | -14.9% | +1926.2% |
| Jun 2005 | Jun 2005 | 1 | 2.0% | -22.2% | +1948.0% |
| Aug 2005 | Nov 2005 | 13 | 18.3% | -36.5% | +2048.1% |
| Mar 2006 | Apr 2007 | 59 | 47.5% | +4.6% | +2089.3% |
| May 2008 | Mar 2009 | 44 | 54.1% | +43.8% | +1537.2% |
| Apr 2010 | Nov 2011 | 83 | 39.5% | -25.1% | +1551.4% |
| Jul 2012 | Aug 2012 | 4 | 8.7% | -20.5% | +1505.1% |
| Sep 2012 | Sep 2012 | 1 | 4.5% | -30.0% | +1415.6% |
| Oct 2012 | Aug 2020 | 406 | 59.6% | -36.4% | +1440.2% |
| Aug 2022 | Jan 2023 | 22 | 26.8% | +293.9% | +1556.2% |
| Mar 2024 | Mar 2024 | 1 | 0.5% | +564.9% | +808.4% |
| Apr 2024 | Apr 2024 | 3 | 9.7% | +485.9% | +802.7% |
| Average | 54 | — | +62.3% | — |
Frequently Asked Questions
Is INOD below its 200-week moving average?
No. Innodata Inc. (INOD) is currently 82.2% above its 200-week moving average of $31.37. It would need to fall to $31.37 to cross below the line.
What is INOD's 200-week moving average price?
Innodata Inc.'s 200-week moving average is $31.37 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when INOD drops below its 200-week moving average?
INOD has crossed below its 200-week moving average 18 times in our data. On average, buying at that moment produced a one-year return of +62.3%. These dips have historically been decent entry points. These episodes lasted 54 weeks on average.
Is INOD a good value right now?
Here's what our data says about INOD as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 18 (oversold). Free cash flow yield is 8.6%. Return on equity is 37.8%. Price-to-book is 12.3x. This is not a buy or sell recommendation — always do your own research.
How does INOD compare to the S&P 500?
Over the past 32.2 years, $100 invested in INOD would have grown to $3516, compared to $2920 for the S&P 500. That's 11.7% annualized vs 11.0% for the index. INOD has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18