FY2024 EPS Estimates for Intellinetics Lowered by Analyst

Intellinetics, Inc. (OTCMKTS:INLX) – Taglich Brothers dropped their FY2024 EPS estimates for Intellinetics in a report released on Monday, November 18th. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings per share of ($0.19) 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 Price Performance

Shares of INLX stock opened at $14.65 on Thursday. Intellinetics has a 52-week low of $3.76 and a 52-week high of $16.50. The stock has a market cap of $61.98 million, a PE ratio of -162.78 and a beta of 0.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.91. The firm’s 50 day moving average price is $12.90 and its two-hundred day moving average price is $9.53.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Bard Associates Inc. lifted its position in shares of Intellinetics, Inc. (OTCMKTS:INLX) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,567 shares of the company’s stock after purchasing an additional 2,922 shares during the quarter. Bard Associates Inc. owned 2.61% of Intellinetics worth $1,237,000 at the end of the most recent reporting period. 0.75% of the stock is owned by institutional investors.

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.