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The price of Inmode Ltd (NASDAQ: INMD) closed at $18.36 in the last session, up 0.33% from day before closing price of $18.30. In other words, the price has increased by $0.33 from its previous closing price. On the day, 1.15 million shares were traded. INMD stock price reached its highest trading level at $18.52 during the session, while it also had its lowest trading level at $18.32.
Ratios:
We take a closer look at INMD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.97. For the most recent quarter (mrq), Quick Ratio is recorded 12.66 and its Current Ratio is at 13.45. 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 1553606784 and an Enterprise Value of 782442880. As of this moment, Inmode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.70, and their Forward P/E ratio for the next fiscal year is 7.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.33 while its Price-to-Book (P/B) ratio in mrq is 1.90. Its current Enterprise Value per Revenue stands at 1.678 whereas that against EBITDA is 4.514.
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 $16.72. The 50-Day Moving Average of the stock is -6.92%, while the 200-Day Moving Average is calculated to be -28.35%.
Shares Statistics:
According to the various share statistics, INMD traded on average about 1.59M shares per day over the past 3-months and 1377540 shares per day over the past 10 days. A total of 83.98M shares are outstanding, with a floating share count of 76.38M. Insiders hold about 9.73% of the company’s shares, while institutions hold 60.87% stake in the company. Shares short for INMD as of 1713139200 were 5530667 with a Short Ratio of 3.47, compared to 1710460800 on 6085093. Therefore, it implies a Short% of Shares Outstanding of 5530667 and a Short% of Float of 6.9699995.
