Inari Medical Inc (NASDAQ: NARI) is 55.34% higher on its value in year-to-date trading and has touched a low of $36.73 and a high of $79.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NARI stock was last observed hovering at around $79.34 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $79.30, the stock is 30.70% and 43.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.37 million and changing -0.05% at the moment leaves the stock 64.82% off its SMA200. NARI registered 35.02% gain for a year compared to 6-month gain of 44.71%. The firm has a 50-day simple moving average (SMA 50) of $54.4924 and a 200-day simple moving average (SMA200) of $47.95235.
The stock witnessed a 36.23% loss in the last 1 month and extending the period to 3 months gives it a 89.71%, and is 22.00% 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 0.42% over the week and 5.43% over the month.
Inari Medical Inc (NARI) has around 1300 employees, a market worth around $4.64B and $574.50M in sales. Fwd P/E is 498.24. Profit margin for the company is -13.68%. Distance from 52-week low is 115.90% and -0.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.87%).
with sales reaching $160.61M over the same period.The EPS is expected to shrink by -2283.33% this year, but quarterly earnings will post 22.16% year-over-year. Quarterly sales are estimated to grow 21.59% in year-over-year returns.
Inari Medical Inc (NARI) Top Institutional Holders
342.0 institutions hold shares in Inari Medical Inc (NARI), with institutional investors hold 105.50% of the company’s shares. The shares outstanding are 58.44M, and float is at 50.51M with Short Float at 7.60%. Institutions hold 96.51% 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 Hoffman William, the company’s Director. SEC filings show that Hoffman William sold 200,000 shares of the company’s common stock on Jan 06 ’25 at a price of $60.47 per share for a total of $12.09 million. Following the sale, the insider now owns 0.24 million shares.
Still, SEC filings show that on Dec 20 ’24, Hykes Andrew (President and CEO) disposed off 3,000 shares at an average price of $55.29 for $0.17 million. The insider now directly holds 439,310 shares of Inari Medical Inc (NARI).
