Inmode Ltd (NASDAQ: INMD) is -13.35% 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 $17.90 in the last trading session, with the day’s gains setting it 1.37%.
Currently trading at $19.27, the stock is 10.16% and 14.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.01 million and changing 7.65% at the moment leaves the stock 3.30% off its SMA200. INMD registered -5.86% loss for a year compared to 6-month loss of 5.30%. The firm has a 50-day simple moving average (SMA 50) of $16.7042 and a 200-day simple moving average (SMA200) of $18.673876.
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The stock witnessed a 29.50% gain in the last 1 month and extending the period to 3 months gives it a 14.84%, and is 7.83% 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 3.98% over the week and 3.59% over the month.
Inmode Ltd (INMD) has around 581 employees, a market worth around $1.63B and $423.75M in sales. Current P/E ratio is 10.42 and Fwd P/E is 9.12. Profit margin for the company is 36.26%. Distance from 52-week low is 29.59% and -28.10% from its 52-week high. The company has generated returns on investments over the last 12 months (20.70%).
Inmode Ltd quarterly earnings per share for the current quarter are estimated at 0.59 with sales reaching $114.78M over the same period.The EPS is expected to shrink by -24.88% this year, but quarterly earnings will post -16.30% year-over-year. Quarterly sales are estimated to shrink -9.50% in year-over-year returns.
The shares outstanding are 83.98M, and float is at 75.25M with Short Float at 9.21%.
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.
