As of Wednesday close, InMode Ltd.’s (NASDAQ:INMD) stock was up $1.26, moving up 3.25 percent to $40.07. The average number of shares traded per day over the past five days has been 835,200 shares. 2 times new highs have been achieved over the past 5 days, with a $1.01 gain in that time frame. In the last twenty days, the average volume was 1,041,465, while in the previous 50 days, it was 1,586,700.
Since last month, INMD stock retreated -8.60%. Shares of the company fell to $36.63 on 08/18/23, the lowest level in the past month. A 52-week high of $48.25 was reached on 07/27/23 after having rallying from a 52-week low of $26.10. Since the beginning of this year, INMD’s stock price has risen by 12.24% or $4.37, and marked a new high 11 times. However, the stock has declined by -16.95% since its 52-week high.
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Valuation Metrics
Right now, InMode Ltd. (INMD) has a P/E ratio of about 18.75. The stock’s beta is 2.12. Besides these, the trailing price-to-sales (P/S) ratio of 6.66, the price-to-book (PB) ratio of 5.02, and the price-to-cash flow ratio of 18.84 may also be considered.
Financial Health
In the three months ended June 29, InMode Ltd.’s quick ratio stood at 11.20, while its current ratio was 11.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 83.90% percent. In the year ended June 29, EBITDA margin amounted to 43.70%, whereas operating margins totaled 42.60%. Based on annual data, INMD earned $380.79 million in gross profit and brought in $454.27 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 28.50%. Return on equity (ROE) for the past 12 months was 31.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. INMD’s revenue rose 21.29% during the quarter, while net income inched up to $454.27 million. While analysts expected InMode Ltd. to report $0.64 quarterly earnings, the actual figure was $0.72 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $57.19 million in EBITDA. The liabilities of InMode Ltd. were 67.93 million at the end of its most recent quarter ended June 29, and its total debt was $3.62 million.
Technical Picture
This quick technical analysis looks at InMode Ltd.’s (INMD) price momentum. With a historical volatility rate of 46.04%, the RSI 9-day stood at 56.09% on 30 August.
With respect to its five-day moving average, the current InMode Ltd. price is up by +2.59% percent or $1.01. At present, INMD shares trade -7.65% below its 20-day simple moving average and +21.28% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.82% above its SMA50 and +16.14% above its SMA200.
Stochastic coefficient K was 43.51% and Stochastic coefficient D was 29.25%, while ATR was 1.31. Given the Stochastic reading of 76.19% for the 14-day period, the RSI (14) reading has been calculated as 51.39%. As of today, the MACD Oscillator reading stands at 0.65, while the 14-day reading stands at 0.32.
Analyst Ratings
UBS launched its rating on InMode Ltd. (NASDAQ: INMD) to a Buy in a note to investors on March 29, 2023. InMode Ltd. (INMD) has been rated Overweight by analysts. According to 0 brokerage firms, INMD is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate InMode Ltd. stock as buy, with 3 recommending it as overweight.
With a median target price of $55.00, the current consensus forecast for the stock is $52.00 – $61.00. Based on these forecasts, analysts predict InMode Ltd. (INMD) will achieve an average price target of $55.40.
