Inmode Ltd (NASDAQ:INMD) has a beta value of 2.17 and has seen 1.98 million shares traded in the recent trading session. The company, currently valued at $1.56B, closed the recent trade at $18.47 per share which meant it lost -$1.32 on the day or -6.67% during that session. The INMD stock price is -161.23% off its 52-week high price of $48.25 and -0.54% below the 52-week low of $18.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.06 million shares traded. The 3-month trading volume is 1.55 million shares.
Inmode Ltd (NASDAQ:INMD) trade information
Sporting -6.67% in the red today, the stock has traded in the red over the last five days, when the INMD stock price touched $18.47 or saw a rise of 11.96%. Year-to-date, Inmode Ltd shares have moved -16.95%, while the 5-day performance has seen it change -10.38%. Over the past 30 days, the shares of Inmode Ltd (NASDAQ:INMD) have changed -15.93%. Short interest in the company has seen 6.09 million shares shorted with days to cover at 3.76.
Inmode Ltd (INMD) estimates and forecasts
Figures show that Inmode Ltd shares have underperformed across the wider relevant industry. The company’s shares have lost -35.67% over the past 6 months, with this year growth rate of -0.39%, compared to 17.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -3.80% and -8.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 1.40%.
6 analysts offering their estimates for the company have set an average revenue estimate of $102.21 million for the current quarter. 6 have an estimated revenue figure of $129.95 million for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 47.29% over the past 5 years. Earnings growth for 2024 is a modest -0.77% while over the next 5 years, the company’s earnings are expected to increase by 3.10%.
INMD Dividends
Inmode Ltd is expected to release its next earnings report between April 30 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Inmode Ltd (NASDAQ:INMD)’s Major holders
Insiders own 9.77% of the company shares, while shares held by institutions stand at 68.57% with a share float percentage of 75.99%. Investors are also buoyed by the number of investors in a company, with Inmode Ltd having a total of 422 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 5.44 million shares worth more than $203.32 million. As of Jun 29, 2023, Blackrock Inc. held 6.56% of shares outstanding.
The other major institutional holder is Acadian Asset Management. LLC, with the holding of over 2.95 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $110.08 million and represent 3.55% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Delaware Ivy Small Cap Growth Fund. As of Aug 30, 2023, the former fund manager holds about 2.12% shares in the company for having 1.76 million shares of worth $68.76 million while later fund manager owns 0.78 million shares of worth $29.08 million as of Jun 29, 2023, which makes it owner of about 0.94% of company’s outstanding stock.
