Inari Medical Inc (NASDAQ: NARI) is -17.76% lower on its value in year-to-date trading and has touched a low of $36.73 and a high of $67.13 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 NARI stock was last observed hovering at around $51.08 in the last trading session, with the day’s gains setting it 2.31%.
Currently trading at $53.39, the stock is 4.58% and 12.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 4.52% at the moment leaves the stock 15.04% off its SMA200. NARI registered -15.67% loss for a year compared to 6-month gain of 15.02%. The firm has a 50-day simple moving average (SMA 50) of $47.099 and a 200-day simple moving average (SMA200) of $46.4269.
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The stock witnessed a 2.99% loss in the last 1 month and extending the period to 3 months gives it a 19.17%, and is 2.44% 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 5.23% over the week and 4.21% over the month.
Inari Medical Inc (NARI) has around 1300 employees, a market worth around $3.10B and $574.50M in sales. Fwd P/E is 477.42. Profit margin for the company is -13.68%. Distance from 52-week low is 45.36% and -20.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.87%).
The EPS is expected to shrink by -2136.67% this year.
Inari Medical Inc (NARI) Top Institutional Holders
348.0 institutions hold shares in Inari Medical Inc (NARI), with institutional investors hold 105.88% of the company’s shares. The shares outstanding are 58.44M, and float is at 50.22M with Short Float at 6.80%. Institutions hold 96.70% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.36 million shares valued at $402.71 million. The investor’s holdings represent 14.4355% of the NARI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.63 million shares valued at $271.03 million to account for 9.7152 of the shares outstanding. The other top investors are HCC MANAGER LLC which holds 2.91 million shares representing 5.0299% and valued at over $140.32 million, while ALLIANCEBERNSTEIN L.P. holds 4.1633 of the shares totaling 2.41 million with a market value of $116.14 million.
Inari Medical Inc (NARI) Insider Activity
The most recent transaction is an insider sale by Hykes Andrew, the company’s President and CEO. SEC filings show that Hykes Andrew sold 3,000 shares of the company’s common stock on Nov 20 ’24 at a price of $50.83 per share for a total of $0.15 million. Following the sale, the insider now owns 0.44 million shares.
Inari Medical Inc disclosed in a document filed with the SEC on Nov 18 ’24 that Hoffman William (Director) sold a total of 60,000 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $51.16 per share for $3.07 million. Following the transaction, the insider now directly holds 0.5 million shares of the NARI stock.
Still, SEC filings show that on Nov 18 ’24, WILLIAM HOFFMAN (Director) Proposed Sale 120,000 shares at an average price of $50.56 for $6.07 million. The insider now directly holds shares of Inari Medical Inc (NARI).
