As of close of business last night, Inmode Ltd’s stock clocked out at $21.54, down -1.96% from its previous closing price of $21.97. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 1015747 shares were traded.
Ratios:
To gain a deeper understanding of INMD’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 2.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.68. 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 1.85B and an Enterprise Value of 1.12B. As of this moment, Inmode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.33, and their Forward P/E ratio for the next fiscal year is 7.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.69 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 2.27 whereas that against EBITDA is 5.69.
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 $18.57. The 50-Day Moving Average of the stock is 22.70, while the 200-Day Moving Average is calculated to be 29.43.
Shares Statistics:
It appears that INMD traded 1.60M shares on average per day over the past three months and 1.12M shares per day over the past ten days. A total of 83.98M shares are outstanding, with a floating share count of 76.06M. Insiders hold about 9.73% of the company’s shares, while institutions hold 65.85% stake in the company. Shares short for INMD as of Feb 15, 2024 were 6.78M with a Short Ratio of 4.25, compared to 9.28M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.04% and a Short% of Float of 8.58%.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.53 and a low estimate of $0.46, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.66, with high estimates of $0.7 and low estimates of $0.63.
Analysts are recommending an EPS of between $2.56 and $2.54 for the fiscal current year, implying an average EPS of $2.55. EPS for the following year is $2.7, with 6 analysts recommending between $2.76 and $2.62.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $102.21M. It ranges from a high estimate of $110M to a low estimate of $95.2M. As of the current estimate, Inmode Ltd’s year-ago sales were $101.29M, an estimated increase of 0.90% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for INMD’s current fiscal year. The highest revenue estimate was $500.8M, while the lowest revenue estimate was $494.8M, resulting in an average revenue estimate of $498.75M. In the same quarter a year ago, actual revenue was $492.05M, up 1.40% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $538.22M in the next fiscal year. The high estimate is $549.19M and the low estimate is $530M. The average revenue growth estimate for next year is up 7.90% from the average revenue estimate for this year.
