The stock of InMode Ltd. (NASDAQ:INMD) decreased by -$2.0 on Tuesday to finish at $39.06, down -4.87 percent. The last five days have seen an average of 1,309,300 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $3.36. The average number of shares traded over the last 20 days was 1,362,755, while the average volume over the last 50 days totaled 1,634,768.
INMD stock dropped -13.12% since last month. On 08/15/23, the company’s shares reached a one-month low of $38.96. The stock touched a high of $48.25 on 07/27/23, after rallying from a low of $26.10 in 52 weeks. The price of INMD stock has risen by 9.41% or $3.36 this year, reaching a new high 11 times. Still, the stock price is down -19.05% from the 52-week high.
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Valuation Metrics
InMode Ltd. (INMD) has a trailing price-to-earnings (P/E) ratio of 18.28. Beta for the stock is 2.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.54, the price-to-book (PB) ratio of 4.89, and the price-to-cash flow ratio of 18.51.
Financial Health
For the three months ended June 29, InMode Ltd.’s quick ratio was 11.20, while its current ratio was 11.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 83.90% percent. InMode Ltd.’s EBITDA margin for the year ended June 29 was 43.70%, whereas its operating margin stood at 42.60% for the same period. Based on annual data, it had gross profit of $380.79 million and revenue of $454.27 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. INMD’s return on assets (ROA) during the last 12 months has been 27.80%. There was a 28.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 31.30%.
Earnings Surprise
According to InMode Ltd.’s quarterly financial report for the quarter that ended June 29, it had $449.84 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $454.27 million, while revenues rose by 21.29% to $0.0. It was predicted that InMode Ltd.’s quarterly earnings would be $0.72, but it ended up being $0.64, beating the consensus by 12.50%. EBITDA was $57.19 million for the quarter. At the end of InMode Ltd.’s most recent quarter ended June 29, its liabilities totaled 67.93 million, while its total debt was $3.62 million.
Technical Picture
Here’s a quick look at InMode Ltd.’s (INMD) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 26.23%, suggesting the stock is oversold, with a 33.46% historical volatility rate.
The stochastic %K and %D were 7.51% and 7.14% respectively, while the average true range (ATR) was 1.53. Based on the 14-day stochastic reading of 1.08%, the RSI (14) reading is 35.89%. On the 9-day MACD Oscillator, the stock is at -1.47, and the 14-day reading is at -2.08.
Analyst Ratings
In its analyst report released on March 29, 2023, UBS began covering InMode Ltd. (NASDAQ: INMD). The stock was rated as a Buy by the brokerage firm. Analysts have assigned InMode Ltd. (INMD) an Overweight rating. INMD is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 3 others recommend it as a buy.
What is INMD’s price target for the next 12 months?
The current consensus forecast for the stock is between $52.00 and $61.00, with a median target price of $55.00. In analyzing these forecasts, the average price target given by analysts for InMode Ltd. (INMD) is $55.40.
