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

Inmode Ltd (NASDAQ: INMD) kicked off on Tuesday, up 2.99% from the previous trading day, before settling in for the closing price of $17.38. Over the past 52 weeks, INMD has traded in a range of $14.87-$26.80.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 39.35%. While this was happening, its average annual earnings per share was recorded -24.88%. With a float of $75.25 million, this company’s outstanding shares have now reached $83.98 million.

Let’s determine the extent of company efficiency that accounts for 581 employees. In terms of profitability, gross margin is 81.64%, operating margin of 32.07%, and the pretax margin is 40.45%.

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

Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Inmode Ltd is 11.07%, while institutional ownership is 59.74%.

Inmode Ltd (INMD) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.71 earnings per share (EPS), higher than consensus estimate (set at 0.67) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.46 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -24.88% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.40% during the next five years compared to 47.29% growth over the previous five years of trading.

Inmode Ltd (NASDAQ: INMD) Trading Performance Indicators

Take a look at Inmode Ltd’s (INMD) current performance indicators. Last quarter, stock had a quick ratio of 9.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.57. Likewise, its price to free cash flow for the trailing twelve months is 9.61.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.85, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.11 in one year’s time.

Technical Analysis of Inmode Ltd (INMD)

Looking closely at Inmode Ltd (NASDAQ: INMD), its last 5-days average volume was 1.05 million, which is a drop from its year-to-date volume of 1.34 million. As of the previous 9 days, the stock’s Stochastic %D was 40.76%. Additionally, its Average True Range was 0.62.

During the past 100 days, Inmode Ltd’s (INMD) raw stochastic average was set at 64.06%, which indicates a significant decrease from 71.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.85% in the past 14 days, which was lower than the 47.43% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.70, while its 200-day Moving Average is $18.67. However, in the short run, Inmode Ltd’s stock first resistance to watch stands at $18.29. Second resistance stands at $18.67. The third major resistance level sits at $19.36. If the price goes on to break the first support level at $17.22, it is likely to go to the next support level at $16.53. Now, if the price goes above the second support level, the third support stands at $16.15.

Inmode Ltd (NASDAQ: INMD) Key Stats

The company with the Market Capitalisation of 1.51 billion has total of 83,982K Shares Outstanding. Its annual sales at the moment are 492,050 K in contrast with the sum of 197,920 K annual income. Company’s last quarter sales were recorded 130,230 K and last quarter income was 50,990 K.