Inmode Ltd (NASDAQ: INMD) is -4.13% 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 $17.40 in the last trading session, with the day’s loss setting it -1.39%.
Currently trading at $16.01, the stock is -7.81% and -11.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.17 million and changing -7.99% at the moment leaves the stock -9.59% off its SMA200. INMD registered -25.08% loss for a year compared to 6-month gain of -8.77%. The firm has a 50-day simple moving average (SMA 50) of $18.1486 and a 200-day simple moving average (SMA200) of $17.730825.
The stock witnessed a -11.69% loss in the last 1 month and extending the period to 3 months gives it a 7.59%, and is -4.13% down 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 3.05% over the week and 3.20% over the month.
Inmode Ltd (INMD) has around 581 employees, a market worth around $1.35B and $423.75M in sales. Current P/E ratio is 8.65 and Fwd P/E is 7.89. Profit margin for the company is 36.26%. Distance from 52-week low is 7.67% and -40.26% from its 52-week high. The company has generated returns on investments over the last 12 months (20.70%).
The EPS is expected to shrink by -26.68% this year
The shares outstanding are 84.62M, and float is at 74.84M with Short Float at 8.02%.
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.
