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After finishing at $52.11 in the prior trading day, Inari Medical Inc (NASDAQ: NARI) closed at $46.56, down -10.65%. In other words, the price has decreased by -$10.65 from its previous closing price. On the day, 2.94 million shares were traded. NARI stock price reached its highest trading level at $49.48 during the session, while it also had its lowest trading level at $44.12.
Ratios:
Our goal is to gain a better understanding of NARI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 136.17. For the most recent quarter (mrq), Quick Ratio is recorded 1.45 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
Piper Sandler Downgraded its Overweight to Neutral on February 29, 2024, whereas the target price for the stock was revised from $85 to $55.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 22 ’24 when Hykes Andrew sold 3,000 shares for $55.23 per share. The transaction valued at 165,690 led to the insider holds 455,252 shares of the business.
Hoffman William sold 60,000 shares of NARI for $3,404,646 on Jul 16 ’24. The Director now owns 743,296 shares after completing the transaction at $56.74 per share. On Jul 16 ’24, another insider, Tu Thomas, who serves as the Chief Medical Officer of the company, sold 3,480 shares for $55.16 each. As a result, the insider received 191,957 and left with 309,777 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NARI now has a Market Capitalization of 2761361920 and an Enterprise Value of 2954523392. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.94 while its Price-to-Book (P/B) ratio in mrq is 6.39. Its current Enterprise Value per Revenue stands at 5.397 whereas that against EBITDA is -197.034.
Stock Price History:
Over the past 52 weeks, NARI has reached a high of $71.85, while it has fallen to a 52-week low of $36.73. The 50-Day Moving Average of the stock is -6.98%, while the 200-Day Moving Average is calculated to be -10.83%.
Shares Statistics:
The stock has traded on average 893.26K shares per day over the past 3-months and 1208920 shares per day over the last 10 days, according to various share statistics. A total of 57.76M shares are outstanding, with a floating share count of 49.69M. Insiders hold about 14.53% of the company’s shares, while institutions hold 91.12% stake in the company. Shares short for NARI as of 1721001600 were 5197793 with a Short Ratio of 5.82, compared to 1718323200 on 4739323. Therefore, it implies a Short% of Shares Outstanding of 5197793 and a Short% of Float of 11.3299996.
