Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
After finishing at $58.21 in the prior trading day, Inari Medical Inc (NASDAQ: NARI) closed at $56.35, down -3.20%. In other words, the price has decreased by -$3.20 from its previous closing price. On the day, 2.01 million shares were traded. NARI stock price reached its highest trading level at $58.39 during the session, while it also had its lowest trading level at $51.02.
Ratios:
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 29.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 614.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.77. In the meantime, Its Debt-to-Equity ratio is 0.08 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 this company, Stifel on September 18, 2024, initiated with a Hold rating and assigned the stock a target price of $50.
On September 03, 2024, Leerink Partners started tracking the stock assigning a Market Perform rating and target price of $47.
On August 09, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $68.Deutsche Bank initiated its Buy rating on August 09, 2024, with a $68 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 Dec 12 ’24 when MITCH HILL bought 3,000 shares for $58.21 per share.
Tu Thomas sold 4,000 shares of NARI for $220,000 on Dec 10 ’24. The Chief Medical Officer now owns 304,036 shares after completing the transaction at $55.00 per share. On Dec 10 ’24, another insider, THOMAS TU, who serves as the Officer of the company, bought 4,000 shares for $53.39 each.
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 3407856384 and an Enterprise Value of 3220149248. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.74 while its Price-to-Book (P/B) ratio in mrq is 7.57. Its current Enterprise Value per Revenue stands at 5.605 whereas that against EBITDA is -123.226.
Stock Price History:
Over the past 52 weeks, NARI has reached a high of $67.13, while it has fallen to a 52-week low of $36.73. The 50-Day Moving Average of the stock is 16.81%, while the 200-Day Moving Average is calculated to be 21.47%.
Shares Statistics:
The stock has traded on average 902.17K shares per day over the past 3-months and 997990 shares per day over the last 10 days, according to various share statistics. A total of 58.44M shares are outstanding, with a floating share count of 50.22M. Insiders hold about 14.22% of the company’s shares, while institutions hold 89.44% stake in the company. Shares short for NARI as of 1732838400 were 2916586 with a Short Ratio of 3.23, compared to 1730332800 on 3691725. Therefore, it implies a Short% of Shares Outstanding of 2916586 and a Short% of Float of 6.3.
