Positives for Inmode Ltd (INMD) as stock gains in recent trading

Inmode Ltd (NASDAQ: INMD) is 19.11% higher on its value in year-to-date trading and has touched a low of $18.57 and a high of $48.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INMD stock was last observed hovering at around $25.96 in the last trading session, with the day’s gains setting it 0.53%.

Currently trading at $26.49, the stock is 12.76% and 16.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.25 million and changing 2.04% at the moment leaves the stock -13.51% off its SMA200. INMD registered -25.08% loss for a year compared to 6-month loss of -34.79%. The firm has a 50-day simple moving average (SMA 50) of $3.08 and a 200-day simple moving average (SMA200) of $7.49.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

The stock witnessed a 25.01% gain in the last 1 month and extending the period to 3 months gives it a 34.54%, and is 12.53% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.07% over the week and 3.86% over the month.

Current P/E ratio is 12.60 and Fwd P/E is 10.75. Profit margin for the company is 36.18%. Distance from 52-week low is 42.65% and -45.10% from its 52-week high. The company has generated returns on investments over the last 12 months (24.82%).

Inmode Ltd quarterly earnings per share for the current quarter are estimated at $0.67 with sales reaching $125.04M over the same period.The EPS is expected to grow by 3.98% this year, but quarterly earnings will post 7.90% year-over-year. Quarterly sales are estimated to shrink -6.40% in year-over-year returns.

Inmode Ltd (INMD) Top Institutional Holders

464 institutions hold shares in Inmode Ltd (INMD), with institutional investors hold 89.47% of the company’s shares. The shares outstanding are 82.54M, and float is at 76.67M with Short Float at 12.01%. Institutions hold 77.28% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 5.44 million shares valued at $203.32 million. The investor’s holdings represent 6.56% of the INMD Shares outstanding. As of Jun 29, 2023, the second largest holder is Acadian Asset Management. LLC with 2.95 million shares valued at $110.08 million to account for 3.55% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 2.39 million shares representing 2.89% and valued at over $89.45 million, while State Street Corporation holds 2.09% of the shares totaling 1.74 million with a market value of $64.87 million.