Inmode Ltd (NASDAQ: INMD) is -20.23% lower on its value in year-to-date trading and has touched a low of $15.39 and a high of $34.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INMD stock was last observed hovering at around $17.46 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $17.74, the stock is 9.07% and 5.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 1.60% at the moment leaves the stock -9.38% off its SMA200. INMD registered -47.41% loss for a year compared to 6-month loss of -16.48%.
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The stock witnessed a 13.14% gain in the last 1 month and extending the period to 3 months gives it a -0.39%, and is 5.91% 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 2.95% over the week and 3.54% over the month.
Inmode Ltd (INMD) has around 581 employees, a market worth around $1.50B and $416.63M in sales. Current P/E ratio is 10.21 and Fwd P/E is 8.26. Profit margin for the company is 35.81%. Distance from 52-week low is 15.27% and -48.05% from its 52-week high. The company has generated returns on investments over the last 12 months (19.71%).
The EPS is expected to shrink by -26.78% this year
The shares outstanding are 83.98M, and float is at 75.25M with Short Float at 8.04%.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.44 million shares valued at $117.52 million. The investor’s holdings represent 7.6224 of the INMD Shares outstanding. As of 2024-06-30, the second largest holder is FIL LTD with 2.84 million shares valued at $51.89 million to account for 3.3658 of the shares outstanding. The other top investors are RENAISSANCE TECHNOLOGIES LLC which holds 2.07 million shares representing 2.4471 and valued at over $37.73 million, while DOMA PERPETUAL CAPITAL MANAGEMENT LLC holds 2.3795 of the shares totaling 2.01 million with a market value of $36.69 million.
