In the past week, INMD stock has gone down by -5.24%, with a monthly decline of -12.42% and a quarterly plunge of -4.33%. The volatility ratio for the week is 2.65%, and the volatility levels for the last 30 days are 3.12% for Inmode Ltd The simple moving average for the past 20 days is -5.46% for INMD’s stock, with a -29.26% simple moving average for the past 200 days.
Is It Worth Investing in Inmode Ltd (NASDAQ: INMD) Right Now?
Inmode Ltd (NASDAQ: INMD) has a higher price-to-earnings ratio of 8.70x compared to its average ratio, The 36-month beta value for INMD is at 2.17. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for INMD is 76.06M, and currently, shorts hold a 8.00% of that float. The average trading volume for INMD on April 04, 2024 was 1.53M shares.
INMD) stock’s latest price update
The stock price of Inmode Ltd (NASDAQ: INMD) has plunged by -2.57 when compared to previous closing price of 20.62, but the company has seen a -5.24% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that In the most recent trading session, InMode (INMD) closed at $20.62, indicating a +0.05% shift from the previous trading day.
Analysts’ Opinion of INMD
Many brokerage firms have already submitted their reports for INMD stocks, with UBS repeating the rating for INMD by listing it as a “Neutral.” The predicted price for INMD in the upcoming period, according to UBS is $24 based on the research report published on November 03, 2023 of the previous year 2023.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see INMD reach a price target of $22, previously predicting the price at $55. The rating they have provided for INMD stocks is “Hold” according to the report published on October 13th, 2023.
UBS gave a rating of “Buy” to INMD, setting the target price at $40 in the report published on March 29th of the previous year.
INMD Trading at -10.45% from the 50-Day Moving Average
After a stumble in the market that brought INMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.36% of loss for the given period.
Volatility was left at 3.12%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares sank -10.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.70% lower at present.
During the last 5 trading sessions, INMD fell by -4.25%, which changed the moving average for the period of 200-days by -45.12% in comparison to the 20-day moving average, which settled at $21.13. In addition, Inmode Ltd saw -9.67% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for INMD
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.84 for the gross margin
The net margin for Inmode Ltd stands at 0.4. The total capital return value is set at 0.24. Equity return is now at value 29.50, with 26.25 for asset returns.
Based on Inmode Ltd (INMD), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 19.61. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -59.49.
Currently, EBITDA for the company is 196.28 million with net debt to EBITDA at -0.69. When we switch over and look at the enterprise to sales, we see a ratio of 3.17. The receivables turnover for the company is 11.28for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.18.
Conclusion
In conclusion, Inmode Ltd (INMD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
