Innio (NASDAQ:INIO) Stock Price Up 10.7% – What’s Next?

Shares of Innio N.V. (NASDAQ:INIO) shot up 10.7% on Tuesday. The company traded as high as $17.95 and last traded at $18.1650. 1,915,875 shares were traded during trading, a decline of 63% from the average session volume of 5,148,723 shares. The stock had previously closed at $16.41.

Wall Street Analyst Weigh In

INIO has been the topic of a number of recent analyst reports. BNP Paribas Exane decreased their target price on shares of Innio from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $31.00 price target on shares of Innio in a research report on Tuesday, October 27th. Wall Street Zen upgraded shares of Innio from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup lowered their target price on shares of Innio from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 28th. Finally, Royal Bank Of Canada raised shares of Innio from a “sector perform” rating to an “outperform” rating and dropped their target price for the stock from $39.00 to $35.00 in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Innio currently has an average rating of “Moderate Buy” and an average price target of $36.80.

Innio Stock Performance

The company has a debt-to-equity ratio of 7.50, a current ratio of 1.27 and a quick ratio of 0.79. The firm has a market capitalization of $13.59 billion and a P/E ratio of 226.81. The business has a fifty day moving average of $18.97.

Innio (NASDAQ:INIO) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $1.17 billion during the quarter. Innio had a net margin of 2.71% and a return on equity of 63.87%. As a group, equities analysts predict that Innio N.V. will post 0.40 EPS for the current year.

Institutional Trading of Innio

Hedge funds have recently bought and sold shares of the stock. Dragoneer Investment Group LLC purchased a new position in shares of Innio during the second quarter valued at about $112,718,000. Value Aligned Research Advisors LLC bought a new position in Innio during the second quarter valued at approximately $53,605,000. Junto Capital Management LP purchased a new position in Innio during the 2nd quarter valued at approximately $26,193,000. Squarepoint Ops LLC bought a new position in shares of Innio during the 2nd quarter valued at approximately $13,842,000. Finally, HBK Investments L P bought a new position in shares of Innio during the 2nd quarter valued at approximately $6,031,000.

About Innio

INNIO is an energy technology company that provides power-generation and gas-compression solutions for industrial, commercial and utility customers. Its portfolio includes Jenbacher gas engines and Waukesha engines, along with associated equipment, digital tools and long-term service offerings.

The company’s solutions are designed for applications including combined heat and power, distributed power generation, microgrids and gas compression. INNIO supports a range of fuel sources, including natural gas, biogas and hydrogen blends, helping customers produce electricity and useful heat while supporting grid reliability and energy-system flexibility.

INNIO was established in 2018 following the acquisition of GE’s Distributed Power business by Advent International.