Insider Activity Monitoring: InMode Ltd. (INMD)

InMode Ltd. (NASDAQ:INMD) saw an upside of 8.01% to $75.01 after adding $5.56 on Tuesday. The 5-day average trading volume is 2,047,846 shares of the company’s common stock. It has gained $78.80 in the past week. An average of 2,838,547 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,980,107.

INMD’s 1-month performance is 2.03% or $5.64 on its low of $57.74 reached on 09/13/21. The company’s shares have touched a 52-week low of $18.02 and high of $90.00, with the stock’s rally to the 52-week high happening on 09/27/21. YTD, INMD has achieved 192.54% or $49.97. However, the current price is down -16.66%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 58.83 and a low of 8.789. INMD stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 19.48 while the price-to-book (PB) in the most recent quarter is 17.15, with the price to cash flow ratio at 39.29.

InMode Ltd.’s quick ratio for the period ended June 29 was 8.50, with the current ratio over the same period at 8.90 meaning that INMD stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 85.10%. The trailing 12-month EBITDA margin is 35.54% while for the period ending June 29; InMode Ltd.’s operating margin was 44.10%. The firm’s gross profit as reported stood at $175.26 million against revenue of $206.11 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected INMD to announce $0.43 per share in earnings in its latest quarter, but it posted $0.51, representing a 18.60% surprise. EBITDA for the quarter stood at more than $41.66 million. INMD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 51.85 million, with total debt at $3.76 million

Technical Picture

Let’s look briefly at InMode Ltd. (INMD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 50.74% to suggest the stock is trending Neutral, with historical volatility in this time period at 116.48%.

The stock’s 5-day moving average is $72.21, reflecting a +4.64% or $3.27 change from its current price. INMD is currently trading +15.65% above its 20-day SMA, +86.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +28.40% and +210.42% respectively.

Stochastic %K and %D was 18.13% and 22.09% and the average true range (ATR) pointed at 6.41. The RSI (14) points at 52.31%, while the 14-day stochastic is at 28.91% with the period’s ATR at 5.99. The stock’s 9-day MACD Oscillator is pointing at -1.95 and -5.35 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for InMode Ltd. (NASDAQ: INMD), Barclays launched coverage with an Overweight rating. Analysts offering their rating for INMD stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate INMD as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.

What is INMD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $60.00 and a high of $103.00, with their median price target at $62.50. Looking at these predictions, the average price target given by analysts is for InMode Ltd. (INMD) stock is $69.70.

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