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In the latest session, Inari Medical Inc (NASDAQ: NARI) closed at $46.42 down -4.62% from its previous closing price of $48.67. In other words, the price has decreased by -$4.62 from its previous closing price. On the day, 0.89 million shares were traded. NARI stock price reached its highest trading level at $47.96 during the session, while it also had its lowest trading level at $46.0.
Ratios:
For a deeper understanding of Inari Medical Inc’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 26.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 130.63. For the most recent quarter (mrq), Quick Ratio is recorded 2.19 and its Current Ratio is at 2.71. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.07.
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, Piper Sandler on February 29, 2024, Downgraded its rating to Neutral and sets its target price to $55 from $85 previously.
On January 23, 2024, Needham started tracking the stock assigning a Buy rating and target price of $72.
On July 19, 2023, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $79.Robert W. Baird initiated its Outperform rating on July 19, 2023, with a $79 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 28 ’24 when Hoffman William sold 60,000 shares for $50.13 per share. The transaction valued at 3,007,800 led to the insider holds 865,359 shares of the business.
Hykes Andrew sold 3,000 shares of NARI for $150,000 on May 28 ’24. The President and CEO now owns 465,474 shares after completing the transaction at $50.00 per share. On May 20 ’24, another insider, Chambers Rebecca, who serves as the Director of the company, sold 964 shares for $45.39 each. As a result, the insider received 43,756 and left with 9,944 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 2698775040 and an Enterprise Value of 2628963328. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.18 while its Price-to-Book (P/B) ratio in mrq is 6.02. Its current Enterprise Value per Revenue stands at 5.049 whereas that against EBITDA is -3357.552.
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 5.78%, while the 200-Day Moving Average is calculated to be -15.47%.
Shares Statistics:
For the past three months, NARI has traded an average of 1.26M shares per day and 843190 over the past ten days. A total of 57.76M shares are outstanding, with a floating share count of 49.51M. Insiders hold about 14.84% of the company’s shares, while institutions hold 91.12% stake in the company. Shares short for NARI as of 1715731200 were 4837077 with a Short Ratio of 3.83, compared to 1713139200 on 3960092. Therefore, it implies a Short% of Shares Outstanding of 4837077 and a Short% of Float of 10.5399996.
