At the time of writing, Inmode Ltd [INMD] stock is trading at $16.65, up 0.91%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The INMD shares have gain 10.19% over the last week, with a monthly amount drifted -2.29%, 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.
For the past year, the stock price of Inmode Ltd fluctuated between $14.87 and $26.80. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. Inmode Ltd [NASDAQ: INMD] shares were valued at $16.65 at the most recent close of the market. An investor can expect a potential return of 68.17% based on the average INMD price forecast.
Analyzing the INMD fundamentals
According to Inmode Ltd [NASDAQ:INMD], the company’s sales were 416.63M for trailing twelve months, which represents an -36.47% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 16.32 points at the first support level, and at 16.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.86, and for the 2nd resistance point, it is at 17.08.
Ratios To Look Out For
It is important to note that Inmode Ltd [NASDAQ:INMD] has a current ratio of 8.63. Also, the Quick Ratio is 8.09, while the Cash Ratio stands at 0.94. Considering the valuation of this stock, the price to sales ratio is 3.38, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 9.59.
