Inari Medical Inc (NASDAQ: NARI) closed the day trading at $44.01 down -3.06% from the previous closing price of $45.40. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 1662473 shares were traded. NARI stock price reached its highest trading level at $45.92 during the session, while it also had its lowest trading level at $43.98.
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Ratios:
For a better understanding of NARI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 81.70. For the most recent quarter (mrq), Quick Ratio is recorded 2.52 and its Current Ratio is at 3.09. 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:
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 Dec 15 when Hoffman William sold 25,000 shares for $65.08 per share. The transaction valued at 1,627,073 led to the insider holds 1,045,493 shares of the business.
Hill, Mitch C. sold 6,500 shares of NARI for $407,855 on Dec 12. The Chief Financial Officer now owns 170,230 shares after completing the transaction at $62.75 per share. On Nov 16, another insider, Hykes Andrew, who serves as the President and CEO of the company, sold 37,448 shares for $59.82 each. As a result, the insider received 2,240,277 and left with 434,817 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 2.62B and an Enterprise Value of 2.54B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.17 while its Price-to-Book (P/B) ratio in mrq is 5.47. Its current Enterprise Value per Revenue stands at 5.14 whereas that against EBITDA is 167.29.
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 $44.40. The 50-Day Moving Average of the stock is 59.05, while the 200-Day Moving Average is calculated to be 60.63.
Shares Statistics:
Over the past 3-months, NARI traded about 769.77K shares per day on average, while over the past 10 days, NARI traded about 1.45M shares per day. A total of 57.76M shares are outstanding, with a floating share count of 49.48M. Insiders hold about 14.64% of the company’s shares, while institutions hold 85.37% stake in the company. Shares short for NARI as of Feb 15, 2024 were 4.97M with a Short Ratio of 6.46, compared to 4.41M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.61% and a Short% of Float of 10.82%.
Earnings Estimates
Current recommendations for the stock of the company come from 9 analysts. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.25, while EPS last year was -$0.04. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.04 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.07 and -$0.71 for the fiscal current year, implying an average EPS of -$0.41. EPS for the following year is $0.23, with 10 analysts recommending between $0.85 and -$0.11.
Revenue Estimates
9 analysts predict $138.46M in revenue for the current quarter. It ranges from a high estimate of $143.3M to a low estimate of $137.06M. As of the current estimate, Inari Medical Inc’s year-ago sales were $116.17M, an estimated increase of 19.20% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $141.27M, an increase of 21.10% over than the figure of $19.20% in the same quarter last year. There is a high estimate of $146.6M for the next quarter, whereas the lowest estimate is $138.43M.
A total of 11 analysts have provided revenue estimates for NARI’s current fiscal year. The highest revenue estimate was $592.3M, while the lowest revenue estimate was $585.44M, resulting in an average revenue estimate of $588.59M. In the same quarter a year ago, actual revenue was $493.63M, up 19.20% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $694.34M in the next fiscal year. The high estimate is $709M and the low estimate is $684.6M. The average revenue growth estimate for next year is up 18.00% from the average revenue estimate for this year.
