InMode Ltd. (NASDAQ:INMD) has a beta value of 0 and has seen 820,404 shares traded in the last trading session. The company, currently valued at $1.3 Billion, closed the last trade at $39.7 per share which meant it lost -$0.61 on the day or -1.51% during that session. The INMD stock price is -48.01% off its 52-week high price of $58.76 and 66.9% above the 52-week low of $13.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.23 Million shares traded. The 3-month trading volume is 686.53 Million shares.
The consensus among analysts is that InMode Ltd. (INMD) is a Buy stock at the moment, with a recommendation rating of 1.3. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. None out of 3 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.4.
InMode Ltd. (NASDAQ:INMD) trade information
Despite being -1.51% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Oct 13 when the INMD stock price touched $44.85- or saw a rise of 11.48%. Year-to-date, InMode Ltd. shares have moved 1.28%, while the 5-day performance has seen it change 0.05%. Over the past 30 days, the shares of InMode Ltd. (NASDAQ:INMD) have changed 9.34%. Short interest in the company has seen 1.66 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $48, which means that the shares’ value could jump 20.91% from current levels. The projected low price target is $42 while the price target rests at a high of $55. In that case, then, we find that the current price level is +38.54% off the targeted high while a plunge would see the stock lose 5.79% from current levels.
InMode Ltd. (INMD) estimates and forecasts
Figures show that InMode Ltd. shares have underperformed across the wider relevant industry. The company’s shares have gained +61.97% over the past 6 months, with this year growth rate of -20.86%, compared to 8.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -4.8% and 13% for the next quarter. Revenue growth from the last financial year stood is estimated to be +9.3%.
Earnings growth for 2020 is a modest +129.4% while over the next 5 years, the company’s earnings are expected to increase by 13.8%.
InMode Ltd. (NASDAQ:INMD)’s Major holders
Insiders own 43.97% of the company shares, while shares held by institutions stand at 26.14% with a share float percentage of 46.65%. Investors are also buoyed by the number of investors in a company, with InMode Ltd. having a total of 85 institutions that hold shares in the company. The top two institutional holders are Miura Global Management, LLC with over 1.18 Million shares worth more than $33.28 Million. As of June 29, 2020, Miura Global Management, LLC held 3.58% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 657.95 Thousand shares as of June 29, 2020. The firm’s total holdings are worth over $18.63 Million and represent 2.01% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Blue Chip Growth Fund and Putnam Funds Tr-Putnam Small Cap Growth Fund. As of July 30, 2020, the former fund manager holds about 1.4% shares in the company for having 459442 shares of worth $14.87 Million while later fund manager owns 136.53 Thousand shares of worth $3.87 Million as of June 29, 2020, which makes it owner of about 0.42% of company’s outstanding stock.