Inmode Ltd [NASDAQ: INMD] gained 7.38% on the last trading session, reaching $16.16 price per share at the time.
If compared to the average trading volume of 1.22M shares, INMD reached a trading volume of 2273884 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Inmode Ltd [INMD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INMD shares is $20.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INMD stock is a recommendation set at 2.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Inmode Ltd shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 23, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $52 to $24. The new note on the price target was released on November 03, 2023, representing the official price target for Inmode Ltd stock. Previously, the target price had yet another drop from $55 to $22, while Canaccord Genuity kept a Hold rating on INMD stock.
The Average True Range (ATR) for Inmode Ltd is set at 0.69, with the Price to Sales ratio for INMD stock in the period of the last 12 months amounting to 3.28. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 8.62. Price to Free Cash Flow for INMD in the course of the last twelve months was 8.40 with Quick ratio for the last quarter at 8.09.
Trading performance analysis for INMD stock
Inmode Ltd [INMD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.46. With this latest performance, INMD shares dropped by -4.38% in over the last four-week period, additionally sinking by -12.51% over the last 6 months – not to mention a drop of -44.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INMD stock in for the last two-week period is set at 50.09, with the RSI for the last a single of trading hit 52.44, and the three-weeks RSI is set at 49.10 for Inmode Ltd [INMD]. The present Moving Average for the last 50 days of trading for this stock 16.25, while it was recorded at 15.40 for the last single week of trading, and 19.08 for the last 200 days.
Inmode Ltd [INMD]: A deeper dive into fundamental analysis
Inmode Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.09 and a Current Ratio set at 8.63.
Inmode Ltd [INMD]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INMD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Inmode Ltd go to -0.90%.
An analysis of Institutional ownership at Inmode Ltd [INMD]
The top three institutional holders of INMD stocks are: BLACKROCK INC. with ownership of 6.44 million shares, which is approximately 7.6224%. FIL LTD, holding 2.84 million shares of the stock with an approximate value of $$51.89 million in INMD stocks shares; and FIL LTD, currently with $$37.73 million in INMD stock with ownership which is approximately 2.4471%.
