Technicals Say InMode Ltd. (INMD) Is A Hold

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InMode Ltd. (NASDAQ:INMD) traded with a subtraction of -$1.84 to $28.84 on Thursday, a downside of -6.00 percent. An average of 1,115,009 shares of common stock have been traded in the last five days. There was a fall of -$3.64 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,216,972 shares traded, while the 50-day average volume stands at 1,561,689.

INMD stock has decreased by -2.94% in the last month. The company shares reached their 1-month lowest point of $29.12 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $20.60 and a high of $99.27 in 52 weeks. It has reached a new high 1 time so far this year and lost -56.53% or -$41.43 in price. In spite of this, the price is down -70.95% from the 52-week high.


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Valuation Metrics

InMode Ltd. (INMD) has a trailing price-to-earnings (P/E) ratio of 15.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.63, the price-to-book (PB) ratio at 5.57, and the price-to-cash flow ratio at 14.81.

Financial Health

The quick ratio of InMode Ltd. for the three months ended June 29 was 8.30, and the current ratio was 8.80, 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. Its gross profit as reported stood at $303.97 million compared to revenue of $357.56 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 36.00%.

Earnings Surprise

For the three-month period that ended June 29, InMode Ltd. had $347.78 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $164.97 million in the quarter, while revenues were grew 54.52%. The analyst consensus anticipated InMode Ltd.’s latest quarter earnings to come in at $0.51 per share, but it turned out to be $0.59, a 15.70% surprise. For the quarter, EBITDA amounted to $49.36 million.

Technical Picture

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 21 September was 29.41%, suggesting the stock is oversold, with historical volatility in this time frame at 50.84%.

As of today, INMD’s price is $30.83 -11.09% or -$3.64 from its 5-day moving average. INMD is currently trading -9.74% lower than its 20-day SMA and +16.11% higher than its 100-day SMA. However, the stock’s current price level is +3.72% above the SMA50 and -57.59% below the SMA200.

The stochastic %K and %D were 18.17% and 29.20%, respectively, and the average true range (ATR) was 1.64. With the 14-day stochastic at 0.67% and the average true range at 1.66, the RSI (14) stands at 37.00%. The stock has reached -1.44 on the 9-day MACD Oscillator while the 14-day reading was at -1.46.

Analyst Ratings

Barclays launched coverage on InMode Ltd. (NASDAQ: INMD) in its analyst report released on May 25, 2021. The firm assigned the stock an Overweight rating.

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