Inmode Ltd (INMD) Looks Ready for Growth Despite -20.05% Change This Year

Inmode Ltd (NASDAQ: INMD) is -20.05% lower on its value in year-to-date trading and has touched a low of $14.87 and a high of $26.80 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 $17.21 in the last trading session, with the day’s gains setting it 0.57%.

Currently trading at $17.78, the stock is 9.13% and 9.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 3.31% at the moment leaves the stock -6.01% off its SMA200. INMD registered -14.27% loss for a year compared to 6-month gain of 2.13%. The firm has a 50-day simple moving average (SMA 50) of $16.2729 and a 200-day simple moving average (SMA200) of $18.916824.

The stock witnessed a 0.23% loss in the last 1 month and extending the period to 3 months gives it a 0.17%, and is 7.76% 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 2.85% over the week and 3.65% 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 10.24 and Fwd P/E is 8.42. Profit margin for the company is 35.81%. Distance from 52-week low is 19.57% and -33.66% 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 -27.08% this year.

Inmode Ltd (INMD) Top Institutional Holders

The shares outstanding are 83.98M, and float is at 75.25M with Short Float at 9.33%.

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.