FY2024 EPS Estimates for Intellinetics Lowered by Analyst

Intellinetics, Inc. (OTCMKTS:INLX) – Investment analysts at Taglich Brothers lowered their FY2024 EPS estimates for Intellinetics in a research note issued on Monday, November 18th. Taglich Brothers analyst H. Halpern now forecasts that the company will earn ($0.19) per share for the year, down from their previous 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 Stock Performance

OTCMKTS INLX opened at $14.65 on Thursday. The firm has a market cap of $61.98 million, a price-to-earnings ratio of -162.78 and a beta of 0.34. The company has a 50 day moving average of $12.90 and a 200-day moving average of $9.53. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. Intellinetics has a 1-year low of $3.76 and a 1-year high of $16.50.

Institutional Trading of Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Geode Capital Management LLC raised its position in shares of Intellinetics, Inc. (OTCMKTS:INLX) by 34.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,422 shares of the company’s stock after buying an additional 6,563 shares during the period. Geode Capital Management LLC owned about 0.60% of Intellinetics worth $285,000 as of its most recent filing with the Securities and Exchange Commission. 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.