Inmode Ltd (NASDAQ: INMD)’s stock price has gone decline by -2.78 in comparison to its previous close of 18.35, however, the company has experienced a 5.69% increase in its stock price over the last five trading days. zacks.com reported 2024-10-23 that InMode (INMD) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Inmode Ltd (NASDAQ: INMD) Right Now?
Inmode Ltd (NASDAQ: INMD) has a price-to-earnings ratio of 10.27x that is above its average ratio. Additionally, the 36-month beta value for INMD is 2.16. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for INMD is 75.25M and currently, short sellers hold a 9.33% ratio of that float. The average trading volume of INMD on October 24, 2024 was 1.16M shares.
INMD’s Market Performance
INMD stock saw an increase of 5.69% in the past week, with a monthly gain of 7.15% and a quarterly increase of 1.36%. The volatility ratio for the week is 3.11%, and the volatility levels for the last 30 days are 3.57% for Inmode Ltd (INMD).. The simple moving average for the past 20 days is 7.97% for INMD’s stock, with a -5.46% simple moving average for the past 200 days.
Analysts’ Opinion of INMD
Many brokerage firms have already submitted their reports for INMD stocks, with BTIG Research repeating the rating for INMD by listing it as a “Buy.” The predicted price for INMD in the upcoming period, according to BTIG Research is $25 based on the research report published on October 17, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see INMD reach a price target of $19, previously predicting the price at $21. The rating they have provided for INMD stocks is “Hold” according to the report published on July 23rd, 2024.
UBS gave a rating of “Neutral” to INMD, setting the target price at $24 in the report published on November 03rd of the previous year.
INMD Trading at 8.79% 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 -33.43% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares surge +8.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.15% upper at present.
During the last 5 trading sessions, INMD rose by +5.69%, which changed the moving average for the period of 200-days by -16.52% in comparison to the 20-day moving average, which settled at $16.52. In addition, Inmode Ltd saw -19.78% 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:
- 0.32 for the present operating margin
- 0.82 for the gross margin
The net margin for Inmode Ltd stands at 0.36. The total capital return value is set at 0.18. Equity return is now at value 21.05, with 18.72 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 29.69.
Currently, EBITDA for the company is 196.28 million with net debt to EBITDA at -0.64. When we switch over and look at the enterprise to sales, we see a ratio of 3.42. The receivables turnover for the company is 6.81for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.63.
Conclusion
In conclusion, Inmode Ltd (INMD) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
