Inari Medical Inc (NASDAQ: NARI) has experienced a rise in its stock price by 1.22 compared to its previous closing price of 47.40. However, the company has seen a gain of 6.10% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-29 that Inari Medical (NARI) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in Inari Medical Inc (NASDAQ: NARI) Right Now?
The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for NARI is 49.52M, and at present, short sellers hold a 7.23% of that float. On April 01, 2024, the average trading volume of NARI was 994.22K shares.
NARI’s Market Performance
NARI’s stock has seen a 6.10% increase for the week, with a -17.65% drop in the past month and a -27.08% fall in the past quarter. The volatility ratio for the week is 5.90%, and the volatility levels for the past 30 days are at 5.51% for Inari Medical Inc. The simple moving average for the past 20 days is 10.36% for NARI’s stock, with a -18.54% simple moving average for the past 200 days.
Analysts’ Opinion of NARI
Many brokerage firms have already submitted their reports for NARI stocks, with Piper Sandler repeating the rating for NARI by listing it as a “Neutral.” The predicted price for NARI in the upcoming period, according to Piper Sandler is $55 based on the research report published on February 29, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see NARI reach a price target of $72. The rating they have provided for NARI stocks is “Buy” according to the report published on January 23rd, 2024.
Robert W. Baird gave a rating of “Outperform” to NARI, setting the target price at $79 in the report published on July 19th of the previous year.
NARI Trading at -7.51% from the 50-Day Moving Average
After a stumble in the market that brought NARI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.22% of loss for the given period.
Volatility was left at 5.51%, however, over the last 30 days, the volatility rate increased by 5.90%, as shares surge +4.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.55% lower at present.
During the last 5 trading sessions, NARI rose by +6.10%, which changed the moving average for the period of 200-days by -18.90% in comparison to the 20-day moving average, which settled at $43.57. In addition, Inari Medical Inc saw -26.09% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NARI starting from Hoffman William, who sale 40,000 shares at the price of $41.13 back on Mar 18 ’24. After this action, Hoffman William now owns 1,003,296 shares of Inari Medical Inc, valued at $1,645,079 using the latest closing price.
Hill, Mitch C., the Chief Financial Officer of Inari Medical Inc, sale 6,000 shares at $41.91 during a trade that took place back on Mar 12 ’24, which means that Hill, Mitch C. is holding 183,361 shares at $251,461 based on the most recent closing price.
Stock Fundamentals for NARI
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.88 for the gross margin
The net margin for Inari Medical Inc stands at -0.0. The total capital return value is set at -0.0. Equity return is now at value -0.37, with -0.28 for asset returns.
Based on Inari Medical Inc (NARI), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.12. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -10.97.
Currently, EBITDA for the company is 7.11 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 5.62. The receivables turnover for the company is 7.04for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.09.
Conclusion
To sum up, Inari Medical Inc (NARI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
