Inotiv, Inc. (NOTV) has disclosed a new risk, in the Natural and Human Disruptions category.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Inotiv, Inc. faces substantial doubts about its ability to continue as a going concern, primarily due to negative operating cash flows and losses for the fiscal year ending September 30, 2024. The company’s financial condition is further strained by its potential non-compliance with financial covenants under its Credit Agreement, which, if unremedied, could lead to the acceleration of its debt obligations. Such acceleration would severely impact Inotiv’s liquidity, as existing cash reserves and operational cash flows would be insufficient to meet obligations and planned expenditures. These uncertainties also pose risks to the company’s stock value, capital-raising ability, and overall business operations.
Overall, Wall Street has a Moderate Buy consensus rating on NOTV stock based on 2 Buys.
To learn more about Inotiv, Inc.’s risk factors, click here.