Let’s look at the key reasons that are pushing Inmode Ltd (INMD) to new highs

A new trading day began on Tuesday, with Inmode Ltd (NASDAQ: INMD) stock price down -2.57% from the previous day of trading, before settling in for the closing price of $17.87. INMD’s price has ranged from $16.72 to $48.25 over the past 52 weeks.

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Healthcare Sector giant saw their annual sales surged by 39.35% over the last five years. Meanwhile, its annual earnings per share averaged -19.32%. With a float of $75.25 million, this company’s outstanding shares have now reached $83.98 million.

The firm has a total of 581 workers. Let’s measure their productivity.

Inmode Ltd (INMD) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Inmode Ltd is 11.07%, while institutional ownership is 64.06%.

Inmode Ltd (INMD) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -19.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.80% during the next five years compared to 47.29% growth over the previous five years of trading.

Inmode Ltd (NASDAQ: INMD) Trading Performance Indicators

Here are Inmode Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 12.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.16. Likewise, its price to free cash flow for the trailing twelve months is 8.51.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.11, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 2.33 in one year’s time.

Technical Analysis of Inmode Ltd (INMD)

Analysing the last 5-days average volume posted by the [Inmode Ltd, INMD], we can find that recorded value of 1.9 million was better than the volume posted last year of 1.45 million. As of the previous 9 days, the stock’s Stochastic %D was 47.88%. Additionally, its Average True Range was 0.62.

During the past 100 days, Inmode Ltd’s (INMD) raw stochastic average was set at 6.85%, which indicates a significant decrease from 11.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.39% in the past 14 days, which was lower than the 41.89% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $18.20, while its 200-day Moving Average is $21.64. Now, the first resistance to watch is $17.88. This is followed by the second major resistance level at $18.34. The third major resistance level sits at $18.71. If the price goes on to break the first support level at $17.05, it is likely to go to the next support level at $16.68. Now, if the price goes above the second support level, the third support stands at $16.22.

Inmode Ltd (NASDAQ: INMD) Key Stats

With a market capitalization of 1.47 billion, the company has a total of 83,982K Shares Outstanding. Currently, annual sales are 492,050 K while annual income is 197,920 K. The company’s previous quarter sales were 80,280 K while its latest quarter income was 23,700 K.