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As of close of business last night, Inmode Ltd’s stock clocked out at $18.03, down -0.77% from its previous closing price of $18.17. In other words, the price has decreased by -$0.77 from its previous closing price. On the day, 1.3 million shares were traded. INMD stock price reached its highest trading level at $18.37 during the session, while it also had its lowest trading level at $17.915.
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 1.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.81. 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 1525682560 and an Enterprise Value of 759621696. As of this moment, Inmode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.54, and their Forward P/E ratio for the next fiscal year is 7.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.27 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 1.629 whereas that against EBITDA is 4.382.
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 -0.83%, while the 200-Day Moving Average is calculated to be -19.20%.
Shares Statistics:
It appears that INMD traded 1.26M shares on average per day over the past three months and 1186410 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 64.06% stake in the company. Shares short for INMD as of 1715731200 were 6810820 with a Short Ratio of 5.54, compared to 1713139200 on 5530667. Therefore, it implies a Short% of Shares Outstanding of 6810820 and a Short% of Float of 8.58.
