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After finishing at $17.46 in the prior trading day, Inmode Ltd (NASDAQ: INMD) closed at $17.74, up 1.60%. In other words, the price has increased by $1.60 from its previous closing price. On the day, 1.01 million shares were traded. INMD stock price reached its highest trading level at $18.23 during the session, while it also had its lowest trading level at $17.56.
Ratios:
Our goal is to gain a better understanding of INMD 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 2.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.22. For the most recent quarter (mrq), Quick Ratio is recorded 8.09 and its Current Ratio is at 8.63. 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 1352659072 and an Enterprise Value of 764458752. As of this moment, Inmode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.21, and their Forward P/E ratio for the next fiscal year is 8.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.60 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 1.835 whereas that against EBITDA is 5.677.
Stock Price History:
Over the past 52 weeks, INMD has reached a high of $34.15, while it has fallen to a 52-week low of $15.39. The 50-Day Moving Average of the stock is 5.67%, while the 200-Day Moving Average is calculated to be -9.38%.
Shares Statistics:
The stock has traded on average 1.23M shares per day over the past 3-months and 1101770 shares per day over the last 10 days, according to various share statistics. 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 61.36% stake in the company. Shares short for INMD as of 1724976000 were 6049931 with a Short Ratio of 4.92, compared to 1722384000 on 6968125. Therefore, it implies a Short% of Shares Outstanding of 6049931 and a Short% of Float of 8.520000399999999.
Earnings Estimates
The dynamic stock of Inmode Ltd (INMD) is currently attracting attention from 5.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is $0.69, with high estimates of $0.71 and low estimates of $0.65.
Analysts are recommending an EPS of between $1.94 and $1.83 for the fiscal current year, implying an average EPS of $1.91. EPS for the following year is $2.17, with 4.0 analysts recommending between $2.31 and $2.09.
Revenue Estimates
5 analysts predict $118.08M in revenue for the current quarter. It ranges from a high estimate of $134.7M to a low estimate of $102.9M. As of the current estimate, Inmode Ltd’s year-ago sales were $132.26MFor the next quarter, 5 analysts are estimating revenue of $138.16M. There is a high estimate of $140.9M for the next quarter, whereas the lowest estimate is $133.74M.
A total of 4 analysts have provided revenue estimates for INMD’s current fiscal year. The highest revenue estimate was $435.18M, while the lowest revenue estimate was $408.8M, resulting in an average revenue estimate of $426.1M. In the same quarter a year ago, actual revenue was $492.05MBased on 4 analysts’ estimates, the company’s revenue will be $454.34M in the next fiscal year. The high estimate is $478M and the low estimate is $430.1M.
