A share price of Inmode Ltd [INMD] is currently trading at $16.16, up 7.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INMD shares have gain 6.46% over the last week, with a monthly amount drifted -4.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Inmode Ltd [NASDAQ: INMD] stock has seen the most recent analyst activity on July 23, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $19 from $21. Previously, UBS downgraded its rating to Neutral on November 03, 2023, and dropped its price target to $24. On October 13, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $22 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $40 on March 29, 2023. Needham downgraded its rating to a Hold. Barclays started tracking with a Overweight rating for this stock on December 21, 2022, and assigned it a price target of $44. In a note dated October 12, 2022, Jefferies initiated an Buy rating and provided a target price of $40 on this stock.
Inmode Ltd experienced fluctuations in its stock price throughout the past year between $14.87 and $29.28. Currently, Wall Street analysts expect the stock to reach $31.4 within the next 12 months. Inmode Ltd [NASDAQ: INMD] shares were valued at $16.16 at the most recent close of the market. An investor can expect a potential return of 94.31% based on the average INMD price forecast.
Analyzing the INMD fundamentals
Trailing Twelve Months sales for Inmode Ltd [NASDAQ:INMD] were 416.63M which represents -36.47% decline. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.19 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.31 points at the first support level, and at 14.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.70, and for the 2nd resistance point, it is at 17.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Inmode Ltd [NASDAQ:INMD] is 8.63. As well, the Quick Ratio is 8.09, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 3.28, the price to book ratio is 1.82 and price to earnings (TTM) ratio is 9.30.
