Inmode Ltd (NASDAQ: INMD) is 7.54% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INMD stock was last observed hovering at around $17.50 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $17.96, the stock is 6.23% and 2.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 2.63% at the moment leaves the stock 2.71% off its SMA200. INMD registered -25.17% loss for a year compared to 6-month gain of 8.91%. The firm has a 50-day simple moving average (SMA 50) of $17.613 and a 200-day simple moving average (SMA200) of $17.483376.
The stock witnessed a 5.58% loss in the last 1 month and extending the period to 3 months gives it a 4.06%, and is 3.16% 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 3.38% over the week and 2.98% over the month.
Inmode Ltd (INMD) has around 599 employees, a market worth around $1.52B and $394.82M in sales. Current P/E ratio is 7.68 and Fwd P/E is 8.37. Profit margin for the company is 45.91%. Distance from 52-week low is 20.78% and -32.99% from its 52-week high. The company has generated returns on investments over the last 12 months (25.56%).
with sales reaching $83.1M over the same period.The EPS is expected to grow by 11.85% this year, but quarterly earnings will post 0.87% year-over-year. Quarterly sales are estimated to grow 3.51% in year-over-year returns.
The shares outstanding are 84.62M, and float is at 73.34M with Short Float at 7.79%.
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.
