Metric Deep Dive: Understanding Inari Medical Inc (NARI) Through its Ratios

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

After finishing at $42.81 in the prior trading day, Inari Medical Inc (NASDAQ: NARI) closed at $41.82, down -2.31%. In other words, the price has decreased by -$2.31 from its previous closing price. On the day, 0.7 million shares were traded. NARI stock price reached its highest trading level at $42.7 during the session, while it also had its lowest trading level at $41.48.


Our goal is to gain a better understanding of NARI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 117.69. For the most recent quarter (mrq), Quick Ratio is recorded 2.19 and its Current Ratio is at 2.71. 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 May 01 ’24 when Hoffman William sold 38,549 shares for $42.00 per share. The transaction valued at 1,619,047 led to the insider holds 965,359 shares of the business.

Hoffman William sold 1,451 shares of NARI for $58,040 on Apr 16 ’24. The Director now owns 999,782 shares after completing the transaction at $40.00 per share. On Apr 12 ’24, another insider, Hill, Mitch C., who serves as the Chief Financial Officer of the company, sold 6,000 shares for $40.96 each. As a result, the insider received 245,760 and left with 181,294 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 2431339520 and an Enterprise Value of 2419084544. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.67 while its Price-to-Book (P/B) ratio in mrq is 5.42. Its current Enterprise Value per Revenue stands at 4.646 whereas that against EBITDA is -3089.508.

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 $36.73. The 50-Day Moving Average of the stock is -2.11%, while the 200-Day Moving Average is calculated to be -26.16%.

Shares Statistics:

The stock has traded on average 1.37M shares per day over the past 3-months and 1491340 shares per day over the last 10 days, according to various share statistics. A total of 57.76M shares are outstanding, with a floating share count of 49.70M. Insiders hold about 14.51% of the company’s shares, while institutions hold 85.67% stake in the company. Shares short for NARI as of 1713139200 were 3960092 with a Short Ratio of 2.89, compared to 1710460800 on 3582654. Therefore, it implies a Short% of Shares Outstanding of 3960092 and a Short% of Float of 8.649999999999999.

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