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After finishing at $17.37 in the prior trading day, Inmode Ltd (NASDAQ: INMD) closed at $17.36, down -0.06%. In other words, the price has decreased by -$0.06 from its previous closing price. On the day, 0.78 million shares were traded. INMD stock price reached its highest trading level at $17.43 during the session, while it also had its lowest trading level at $17.16.
Ratios:
Our goal is to gain a better understanding of INMD 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 1.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.64. For the most recent quarter (mrq), Quick Ratio is recorded 12.29 and its Current Ratio is at 13.18. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on November 03, 2023, Downgraded its rating to Neutral and sets its target price to $24 from $52 previously.
On October 13, 2023, Canaccord Genuity Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $55 to $22.
On March 29, 2023, UBS started tracking the stock assigning a Buy rating and target price of $40.UBS initiated its Buy rating on March 29, 2023, with a $40 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INMD now has a Market Capitalization of 1469834880 and an Enterprise Value of 725347520. As of this moment, Inmode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.52, and their Forward P/E ratio for the next fiscal year is 6.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.99 while its Price-to-Book (P/B) ratio in mrq is 1.85. Its current Enterprise Value per Revenue stands at 1.474 whereas that against EBITDA is 3.695.
Stock Price History:
Over the past 52 weeks, INMD has reached a high of $48.25, while it has fallen to a 52-week low of $16.96. The 50-Day Moving Average of the stock is -16.50%, while the 200-Day Moving Average is calculated to be -35.93%.
Shares Statistics:
The stock has traded on average 1.57M shares per day over the past 3-months and 1393720 shares per day over the last 10 days, according to various share statistics. A total of 83.98M shares are outstanding, with a floating share count of 76.38M. Insiders hold about 9.73% of the company’s shares, while institutions hold 62.46% stake in the company. Shares short for INMD as of 1711584000 were 5909444 with a Short Ratio of 3.76, compared to 1709164800 on 5752750. Therefore, it implies a Short% of Shares Outstanding of 5909444 and a Short% of Float of 7.4399999999999995.
Earnings Estimates
The dynamic stock of Inmode Ltd (INMD) is currently being evaluated by a team of 6.0 analysts, each contributing to its current rating.On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.51 and a low estimate of $0.28, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.62, with high estimates of $0.66 and low estimates of $0.58.
Analysts are recommending an EPS of between $2.56 and $2.25 for the fiscal current year, implying an average EPS of $2.44. EPS for the following year is $2.64, with 6.0 analysts recommending between $2.76 and $2.52.
Revenue Estimates
6 analysts predict $89.48M in revenue for the current quarter. It ranges from a high estimate of $104.58M to a low estimate of $80M. As of the current estimate, Inmode Ltd’s year-ago sales were $101.29MFor the next quarter, 6 analysts are estimating revenue of $125.94M. There is a high estimate of $134.86M for the next quarter, whereas the lowest estimate is $118.6M.
A total of 6 analysts have provided revenue estimates for INMD’s current fiscal year. The highest revenue estimate was $500.05M, while the lowest revenue estimate was $482.6M, resulting in an average revenue estimate of $491.58M. In the same quarter a year ago, actual revenue was $492.05MBased on 6 analysts’ estimates, the company’s revenue will be $532.64M in the next fiscal year. The high estimate is $549.19M and the low estimate is $513.9M.
