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In the latest session, Inmode Ltd (NASDAQ: INMD) closed at $15.50 down -8.55% from its previous closing price of $16.95. In other words, the price has decreased by -$8.55 from its previous closing price. On the day, 3.64 million shares were traded. INMD stock price reached its highest trading level at $16.395 during the session, while it also had its lowest trading level at $15.18.
Ratios:
For a deeper understanding of Inmode Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.06. For the most recent quarter (mrq), Quick Ratio is recorded 8.09 and its Current Ratio is at 8.63. 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, Jefferies on July 23, 2024, Downgraded its rating to Hold and sets its target price to $19 from $21 previously.
On November 03, 2023, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $52 to $24.
Canaccord Genuity Downgraded its Buy to Hold on October 13, 2023, whereas the target price for the stock was revised from $55 to $22.
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 1181861120 and an Enterprise Value of 576572032. As of this moment, Inmode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.92, and their Forward P/E ratio for the next fiscal year is 7.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.15 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 1.384 whereas that against EBITDA is 4.282.
Stock Price History:
Over the past 52 weeks, INMD has reached a high of $30.76, while it has fallen to a 52-week low of $15.39. The 50-Day Moving Average of the stock is -6.87%, while the 200-Day Moving Average is calculated to be -19.95%.
Shares Statistics:
For the past three months, INMD has traded an average of 1.16M shares per day and 1302710 over the past ten days. A total of 83.98M shares are outstanding, with a floating share count of 75.25M. Insiders hold about 11.07% of the company’s shares, while institutions hold 61.39% stake in the company. Shares short for INMD as of 1726185600 were 7244083 with a Short Ratio of 6.23, compared to 1723680000 on 6225541. Therefore, it implies a Short% of Shares Outstanding of 7244083 and a Short% of Float of 10.2.
