InMode Ltd. (NASDAQ:INMD) finished Wednesday with an addition of $10.39 to close at $85.83, an upside of 13.77 percent. An average of 2,768,980 shares of common stock have been traded in the last five days. There was a gain of $13.08 in the past week. The last 20 days have seen an average of 3,064,455 shares traded, while the 50-day average volume stands at 2,078,210.
INMD stock has increased by 34.67% in the last month. The company shares reached their 1-month lowest point of $61.75 on 09/14/21. With the stock rallying to its 52-week high on 09/27/21, shares of the company touched a low of $18.02 and a high of $90.00 in 52 weeks. In spite of this, the price is down -4.63% from the 52-week high.
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InMode Ltd. (INMD) has a trailing price-to-earnings (P/E) ratio of 57.33, which compares with the 26.30 for the broader industry and 32.30 for the sector. In the last five years, InMode Ltd.’s PE ratio has ranged between 58.83 and 8.789. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 24.08, the price-to-book (PB) ratio at 21.19, and the price-to-cash flow ratio at 48.56.
The quick ratio of InMode Ltd. for the three months ended June 29 was 8.50, and the current ratio was 8.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. InMode Ltd.’s EBITDA margin for the year ending June 29 is 35.54%, while its operating margin for the same period stands at 44.10%. Its gross profit as reported stood at $175.26 million compared to revenue of $206.11 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, InMode Ltd.’s return on assets was 39.60%. For the broader industry, ROE averaged 3.96 over the past year.
The analyst consensus anticipated InMode Ltd.’s latest quarter earnings to come in at $0.43 per share, but it turned out to be $0.51, a 18.60% surprise. For the quarter, EBITDA amounted to $41.66 million.
From a technical analysis perspective, let’s take a brief look at InMode Ltd. (INMD) price momentum. RSI 9-day as of the close on 13 October was 66.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 141.90%.
As of today, INMD’s price is $75.17 +17.98% or $13.08 from its 5-day moving average. INMD is currently trading +28.58% higher than its 20-day SMA and +114.44% higher than its 100-day SMA. However, the stock’s current price level is +49.02% above the SMA50 and +262.46% above the SMA200.
The stochastic %K and %D were 42.86% and 28.12%, respectively, and the average true range (ATR) was 6.91. With the 14-day stochastic at 81.80% and the average true range at 6.34, the RSI (14) stands at 63.29%. The stock has reached 2.85 on the 9-day MACD Oscillator while the 14-day reading was at 0.18.
Barclays launched coverage on InMode Ltd. (NASDAQ: INMD) in its analyst report released on May 25, 2021. The firm assigned the stock a an Overweight rating.The consensus rating for InMode Ltd. (INMD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell INMD, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is INMD’s price target for the next 12 months?
Analysts predict a range of price targets between $80.00 and $103.00, with a median target of $85.00. Taking a look at these predictions, the average price target given by analysts for InMode Ltd. (INMD) stock is $87.20.