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As of close of business last night, Inari Medical Inc’s stock clocked out at $46.52, up 1.24% from its previous closing price of $45.95. In other words, the price has increased by $1.24 from its previous closing price. On the day, 0.67 million shares were traded. NARI stock price reached its highest trading level at $46.85 during the session, while it also had its lowest trading level at $45.555.
Ratios:
To gain a deeper understanding of NARI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 136.35. 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.
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 this company, Leerink Partners on September 03, 2024, initiated with a Market Perform rating and assigned the stock a target price of $47.
On August 09, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $68.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 12 ’24 when Hill, Mitch C. sold 3,000 shares for $45.13 per share. The transaction valued at 135,385 led to the insider holds 179,600 shares of the business.
MITCH HILL bought 12,000 shares of NARI for $540,840 on Sep 12 ’24. On Aug 20 ’24, another insider, Hykes Andrew, who serves as the President and CEO of the company, sold 3,000 shares for $50.00 each. As a result, the insider received 150,000 and left with 452,532 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 2710566912 and an Enterprise Value of 2634045952. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.95 while its Price-to-Book (P/B) ratio in mrq is 6.38. Its current Enterprise Value per Revenue stands at 4.811 whereas that against EBITDA is -177.055.
Stock Price History:
Over the past 52 weeks, NARI has reached a high of $69.40, while it has fallen to a 52-week low of $36.73. The 50-Day Moving Average of the stock is -5.22%, while the 200-Day Moving Average is calculated to be -8.07%.
Shares Statistics:
It appears that NARI traded 857.43K shares on average per day over the past three months and 948100 shares per day over the past ten days. A total of 57.76M shares are outstanding, with a floating share count of 49.74M. Insiders hold about 14.64% of the company’s shares, while institutions hold 86.85% stake in the company. Shares short for NARI as of 1724976000 were 4010661 with a Short Ratio of 4.68, compared to 1722384000 on 4577190. Therefore, it implies a Short% of Shares Outstanding of 4010661 and a Short% of Float of 8.709999999999999.
