FY2024 EPS Estimates for Intellinetics Decreased by Analyst

Intellinetics, Inc. (OTCMKTS:INLX) – Equities researchers at Taglich Brothers decreased their FY2024 earnings estimates for Intellinetics in a research report issued to clients and investors on Monday, November 18th. Taglich Brothers analyst H. Halpern now forecasts that the company will post earnings of ($0.19) per share for the year, down from their prior forecast of ($0.07). The consensus estimate for Intellinetics’ current full-year earnings is $0.13 per share. Taglich Brothers also issued estimates for Intellinetics’ Q4 2024 earnings at ($0.08) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.12) EPS.

Intellinetics Trading Up 4.8 %

Shares of Intellinetics stock opened at $14.75 on Thursday. The company’s fifty day simple moving average is $12.79 and its 200-day simple moving average is $9.49. Intellinetics has a 1-year low of $3.76 and a 1-year high of $15.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.89. The stock has a market capitalization of $62.41 million, a PE ratio of -163.89 and a beta of 0.34.

Institutional Trading of Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Geode Capital Management LLC grew its stake in Intellinetics, Inc. (OTCMKTS:INLX) by 34.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,422 shares of the company’s stock after purchasing an additional 6,563 shares during the period. Geode Capital Management LLC owned approximately 0.60% of Intellinetics worth $285,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.75% of the company’s stock.

About Intellinetics

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audio, videos, and emails.