InMode Ltd. (INMD): Healthcare sector is losing shares

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InMode Ltd. (NASDAQ:INMD) changes shares on Wednesday trading session, with a change of -4.04% or -$1.26 shares. The trading starts at $30.39 and closed at $31.15 throughout the day. The trading session low price was $28.54 and day high was $31.61 on Wednesday, June 24. After the session, the Healthcare sector daily volume shifted to 0.78 million while its average volume is 888.69K. In other hand, the INMD market cap reached to $1.08B. While, its current target price is $29.89 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -4.04% and up 12.03% for month. Its quarterly performance was 31.56% above, while its half year performance is down -26.32%. INMD performance fall -23.75% for year-to-date. Current recommendation for InMode Ltd. is 1.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. INMD EPS (TTM) for 12-month is 1.51. EPS for this year is 0.00%, while for the next year its value is 1.71. Sales growth for the current quarter is 1.43. It has an EPS of 0.00% down for past five years and for the next five years will be up 13.80%.

Let’s take a look on the analyst recommendations on INMD for the current month and previous month. For the current month, 3 of 4 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $36.00-$42.00. Average target price for INMD was reached at $39.00.

D1 Capital Partners, LP, Miura Global Management, LLC and Wasatch Advisors Inc are the top three holders in InMode Ltd. (INMD) stock. On Mar 30, 2020, D1 Capital Partners, LP has 0.97 million shares which valued 20.88 million. On Mar 30, 2020, Miura Global Management, LLC owned 0.91 million shares which valued at 19.57 million. On Mar 30, 2020, Wasatch Advisors Inc has a total of 0.42 million shares which valued at 9.03 million. In the end, Wasatch Advisors Inc have 1.28% shares outstanding of InMode Ltd. (INMD) on Mar 30, 2020. The institutional holding shifted to 28.10%.

The company posted an EPS (TTM) of 1.51. According to the most recent quarter report on (Jun 2020), 4 analysts estimated an average EPS of -0.09. Analyst Estimated EPS for INMD published in the report was -0.29-0.09 during the same period.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for INMD fall -8.88% for period of 200 days. SMA for 50 days was 9.44% which is showing green signal, while SMA-20 was -3.95%. The moving average value for InMode Ltd. (INMD) is 32.27 and 28.78 for 200 and 50 days respectively.