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As of close of business last night, Inmode Ltd’s stock clocked out at $18.12, up 1.29% from its previous closing price of $17.89. In other words, the price has increased by $1.29 from its previous closing price. On the day, 1.27 million shares were traded. INMD stock price reached its highest trading level at $18.6 during the session, while it also had its lowest trading level at $17.77.
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 1.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.85. 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, Jefferies on July 23, 2024, Downgraded its rating to Hold and sets its target price to $19 from $21 previously.
On November 03, 2023, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $52 to $24.
Canaccord Genuity Downgraded its Buy to Hold on October 13, 2023, whereas the target price for the stock was revised from $55 to $22.
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 1544014208 and an Enterprise Value of 747788480. As of this moment, Inmode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.59, and their Forward P/E ratio for the next fiscal year is 8.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.29 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 1.604 whereas that against EBITDA is 4.314.
Stock Price History:
Over the past 52 weeks, INMD has reached a high of $44.41, while it has fallen to a 52-week low of $16.44. The 50-Day Moving Average of the stock is -0.28%, while the 200-Day Moving Average is calculated to be -11.17%.
Shares Statistics:
It appears that INMD traded 1.26M shares on average per day over the past three months and 919550 shares per day over the past ten days. A total of 83.98M shares are outstanding, with a floating share count of 75.25M. Insiders hold about 11.07% of the company’s shares, while institutions hold 62.29% stake in the company. Shares short for INMD as of 1721001600 were 7900453 with a Short Ratio of 6.25, compared to 1718323200 on 6587981. Therefore, it implies a Short% of Shares Outstanding of 7900453 and a Short% of Float of 9.950000000000001.
