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Inmode Ltd (NASDAQ: INMD) closed the day trading at $17.84 up 0.51% from the previous closing price of $17.75. In other words, the price has increased by $0.51 from its previous closing price. On the day, 1.22 million shares were traded. INMD stock price reached its highest trading level at $17.87 during the session, while it also had its lowest trading level at $16.84.
Ratios:
For a better understanding of INMD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.72. 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 Jul-24-24, 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 1509604864 and an Enterprise Value of 743562304. As of this moment, Inmode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.45, and their Forward P/E ratio for the next fiscal year is 8.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.24 while its Price-to-Book (P/B) ratio in mrq is 1.84. Its current Enterprise Value per Revenue stands at 1.595 whereas that against EBITDA is 4.289.
Stock Price History:
The Beta on a monthly basis for INMD is 2.18, which has changed by -0.60381967 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, INMD has reached a high of $48.25, while it has fallen to a 52-week low of $16.44. The 50-Day Moving Average of the stock is -2.26%, while the 200-Day Moving Average is calculated to be -13.88%.
Shares Statistics:
Over the past 3-months, INMD traded about 1.27M shares per day on average, while over the past 10 days, INMD traded about 1552340 shares per day. 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 64.05% stake in the company. Shares short for INMD as of 1719532800 were 7827683 with a Short Ratio of 6.15, compared to 1717113600 on 6987285. Therefore, it implies a Short% of Shares Outstanding of 7827683 and a Short% of Float of 9.86.
