Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Inmode Ltd before investing.

In this article, we go over a few key elements for understanding Inmode Ltd’s stock price such as:

• Inmode Ltd’s current stock price and volume
• Why Inmode Ltd’s stock price changed recently
• Upgrades and downgrades for INMD from analysts
• INMD’s stock price momentum as measured by its relative strength

About Inmode Ltd (INMD)

Before we jump into Inmode Ltd’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Inmode Ltd is an Israel-based global provider of energy-based, minimally-invasive surgical medical treatment solutions. Company's products and solutions are primarily designed to address three energy-based treatment categories comprised of: face and body contouring; medical aesthetics; and women’s health. The Company have developed and commercialized products utilizing medically-accepted RF energy technology, which can penetrate deep into the subdermal fat, allowing adipose tissue remodeling. It's RF energy-based proprietary technologies - Radio Frequency Assisted Lipolysis (RFAL), Deep Subdermal Fractional RF, Simultaneous Fat Destruction and Skin Tightening and Deep Heating Collagen Remodeling for skin and human natural openings- represent a paradigm shift in the minimally-invasive aesthetic solutions market. These technologies are used by physicians to remodel subdermal adipose, or fatty tissue in a variety of procedures.

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Inmode Ltd’s Stock Price as of Market Close

As of September 10, 2024, 4:00 PM, CST, Inmode Ltd’s stock price was $16.89.

Inmode Ltd is up 8.83% from its previous closing price of $15.52.

During the last market session, Inmode Ltd’s stock traded between $15.48 and $15.95. Currently, there are 83.88 million shares of Inmode Ltd stock available for purchase.

Inmode Ltd’s price-earnings (P/E) ratio is currently at 9.0, which is low compared to the Advanced Medical Equipment & Technology industry median of 33.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Inmode Ltd Stock Price History

Inmode Ltd’s (INMD) price is currently up 1.08% so far this month.

During the month of September, Inmode Ltd’s stock price has reached a high of $17.41 and a low of $15.39.

Over the last year, Inmode Ltd has hit prices as high as $38.33 and as low as $15.39. Year to date, Inmode Ltd’s stock is down 52.69%.

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What Caused Inmode Ltd Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 09, 2024, there were 3 analysts who downgraded Inmode Ltd’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Inmode Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Inmode Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Inmode Ltd’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Inmode Ltd (INMD) by visiting AAII Stock Evaluator.

Relative Price Strength of Inmode Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 09, 2024, Inmode Ltd has a weighted four-quarter relative price strength of -21.59%, which translates to a Momentum Score of 16 and is considered to be Very Weak.

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Inmode Ltd Stock Price: Bottom Line

As of September 10, 2024, Inmode Ltd’s stock price is $16.89, which is up 8.83% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Inmode Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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