Why Innodata Stock Lost 23% in November
Shares of Innodata (NASDAQ: INOD), an AI stock focused on data-labeling, were pulling back last month as the stock reacted to concerns about the AI bubble bursting and an underwhelming earnings report.
As a result, the stock finished the month down 23%, according to data from S&P Global Market Intelligence. As you can see from the chart below, most of the stock's losses came in the first half of the month, which included its earnings report.
Source Fool.com
Innodata Inc. Stock
€55.85
3.750%
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Innodata Inc..
As a result the target price of 74 € shows a positive potential of 32.5% compared to the current price of 55.85 € for Innodata Inc..
