Inmode Ltd (NASDAQ: INMD) is -12.81% lower on its value in year-to-date trading and has touched a low of $13.14 and a high of $19.85 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 $15.23 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $15.18, the stock is 6.40% and 5.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing -0.33% at the moment leaves the stock -9.37% off its SMA200. INMD registered -9.10% loss for a year compared to 6-month loss of -11.33%. The firm has a 50-day simple moving average (SMA 50) of $14.4021 and a 200-day simple moving average (SMA200) of $16.749325.
The stock witnessed a 4.26% gain in the last 1 month and extending the period to 3 months gives it a 4.83%, and is -0.20% 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 3.56% over the week and 3.33% over the month.
Inmode Ltd (INMD) has around 599 employees, a market worth around $1.06B and $392.41M in sales. Current P/E ratio is 6.53 and Fwd P/E is 8.28. Profit margin for the company is 44.80%. Distance from 52-week low is 15.53% and -23.53% from its 52-week high. The company has generated returns on investments over the last 12 months (28.12%).
The EPS is expected to shrink by -5.49% this year
342.0 institutions hold shares in Inmode Ltd (INMD), with institutional investors hold 85.57% of the company’s shares. The shares outstanding are 69.56M, and float is at 58.28M with Short Float at 9.30%. Institutions hold 72.44% of the Float.
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 7.681 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 3.3916 of the shares outstanding. The other top investors are RENAISSANCE TECHNOLOGIES LLC which holds 2.07 million shares representing 2.466 and valued at over $37.73 million, while DOMA PERPETUAL CAPITAL MANAGEMENT LLC holds 2.3978 of the shares totaling 2.01 million with a market value of $36.69 million.
