Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
After finishing at $19.40 in the prior trading day, Inmode Ltd (NASDAQ: INMD) closed at $18.11, down -6.65%. In other words, the price has decreased by -$6.65 from its previous closing price. On the day, 0.94 million shares were traded. INMD stock price reached its highest trading level at $19.365 during the session, while it also had its lowest trading level at $18.06.
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 2.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.73. For the most recent quarter (mrq), Quick Ratio is recorded 9.91 and its Current Ratio is at 10.68. 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 this company, BTIG Research on October 17, 2024, initiated with a Buy rating and assigned the stock a target price of $25.
On July 23, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $21 to $19.
UBS Downgraded its Buy to Neutral on November 03, 2023, whereas the target price for the stock was revised from $52 to $24.
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 1479232128 and an Enterprise Value of 715297408. As of this moment, Inmode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.79, and their Forward P/E ratio for the next fiscal year is 8.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.62 while its Price-to-Book (P/B) ratio in mrq is 2.08. Its current Enterprise Value per Revenue stands at 1.688 whereas that against EBITDA is 5.24.
Stock Price History:
Over the past 52 weeks, INMD has reached a high of $26.80, while it has fallen to a 52-week low of $14.87. The 50-Day Moving Average of the stock is 2.05%, while the 200-Day Moving Average is calculated to be -0.34%.
Shares Statistics:
The stock has traded on average 1.17M shares per day over the past 3-months and 999330 shares per day over the last 10 days, according to various share statistics. A total of 84.62M shares are outstanding, with a floating share count of 74.84M. Insiders hold about 11.56% of the company’s shares, while institutions hold 54.10% stake in the company. Shares short for INMD as of 1731628800 were 6436521 with a Short Ratio of 5.49, compared to 1728950400 on 6930292. Therefore, it implies a Short% of Shares Outstanding of 6436521 and a Short% of Float of 9.060001.
