At the time of writing, Inmode Ltd [INMD] stock is trading at $16.57, up 0.18%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The INMD shares have gain 3.50% over the last week, with a monthly amount drifted -9.26%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Inmode Ltd [NASDAQ: INMD] stock has seen the most recent analyst activity on October 17, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $25. Previously, Jefferies downgraded its rating to Hold on July 23, 2024, and dropped its price target to $19. On November 03, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $24 on the stock. Canaccord Genuity downgraded its rating to a Hold and decreased its price target to $22 on October 13, 2023. UBS initiated its recommendation with a Buy and recommended $40 as its price target on March 29, 2023. Needham downgraded its rating to Hold for this stock on February 17, 2023. In a note dated December 21, 2022, Barclays initiated an Overweight rating and provided a target price of $44 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 $23.67 within the next 12 months. Inmode Ltd [NASDAQ: INMD] shares were valued at $16.57 at the most recent close of the market. An investor can expect a potential return of 42.85% based on the average INMD price forecast.
Analyzing the INMD fundamentals
According to Inmode Ltd [NASDAQ:INMD], the company’s sales were 423.75M for trailing twelve months, which represents an 2.72% jump. 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 0.19, Equity is 0.2 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 16.35 points at the first support level, and at 16.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.76, and for the 2nd resistance point, it is at 16.96.
Ratios To Look Out For
It is important to note that Inmode Ltd [NASDAQ:INMD] has a current ratio of 10.68. Further, the Quick Ratio stands at 9.91, while the Cash Ratio is 2.18. Considering the valuation of this stock, the price to sales ratio is 3.31, the price to book ratio is 1.90 and price to earnings (TTM) ratio is 8.96.
