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How to Buy Inari Medical Stock

Inari Medical Inc

Inari Medical, Inc. , a medical device company, develops, manufactures, markets, and sells devices for the interventional treatment of venous diseases in the United States.

Inari Medical stock last closed at $58.67, down 7.12% from the previous day, and has decreased 9.63% in one year. It has overperformed other stocks in the Medical Devices industry by 0.03 percentage points. Inari Medical stock is currently +16.18% from its 52-week low of $50.50, and -41.33% from its 52-week high of $100.00.

As of Jan 27, 2023, there are 53.65M NARI shares outstanding. The market cap of NARI is $3.15B. In the last 24 hours, 1.69M NARI shares were traded.

How to Buy Inari Medical Stock

Not sure how to invest in Inari Medical stock? Here's how.
  1. Choose where to buy Inari Medical stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Inari Medical stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your brokerage account: Pick your method of payment and add your information.
  4. Evaluate Inari Medical stock: The Inari Medical ticker symbol is NARI. Is Inari Medical stock a good investment? Should you buy shares of NARI? How do NARI's underlying business fundamentals look? Do top analysts think Inari Medical is a good buy? Why has NARI's stock price moved recently? (Hint: Our stock market research tools can help you decide if NARI is a good stock to buy).
  5. Make your NARI purchase: Decide if you will purchase NARI shares at the current market price or use a limit order to purchase NARI stock at a given price.
  6. Monitor your NARI investment: Create a watchlist to watch your new investment in Inari Medical shares.

Step 1: Choose where to buy Inari Medical stock

You need a brokerage account in order to access the NASDAQ market and buy NARI shares.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've selected your brokerage, you'll need to fill out some personal info so you are able to buy NARI stock today.

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Step 3: Fund your brokerage account

Now that you have filled out your info on one of the most highly reviewed stock market apps, you can securely and quickly fund your account:

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Step 4: Evaluate Inari Medical stock

After you have figured out the best place to buy Inari Medical stock, it's important to analyze their stock prior to investing, so you can comprehend the risk as well as the upside.

Inari Medical shares quick numbers

NARI Price
$58.67
1w %
-5.96%
1y %
-9.63%
5y %
N/A
P/E
-139.69x
P/B
7.58x
P/S
8.74x
PEG
N/A
Revenue
$358.92M
Earnings
-$22.36M
Fore. Rev. Growth
19.46%
Fore. Earn. Growth
N/A
Market Cap
$3.15B
Next Earnings
Feb 21, 2023
Next Dividend
N/A

Fundamentals of NARI

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on NARI's stock page.

Is NARI stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge NARI's intrinsic value.

Using relative valuations ratios:

  • NARI may be overvalued based on its P/B ratio of 7.58x, relative to Medical Devices industry P/B ratio of 3.56x

You can access more valuation analysis on NARI's stock here.

NARI Financial Health Overview

Passed Financial Due Diligence Checks:

  • NARI has a low debt to equity ratio of 0.18.
  • NARI has cash burn of 21111000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the NARI balance sheet.
  • There are more short-term assets than long-term liabilities on the NARI balance sheet.
  • NARI has $319.23M in cash and short term investments. This is enough to cover its annual cash burn of $21.11M.

Failed Financial Due Diligence Checks:

  • NARI profit margin has gone down from 6.5% to -6.2% in the past year.

Is Inari Medical stock a Buy, Hold, or Sell, according to analysts?

Out of 8 Wall Street analysts who track NARI, the consensus analyst rating on Inari Medical is a Strong Buy

Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.

Latest NARI Analyst Forecasts

Cecilia Furlong, a top 38% analyst from Morgan Stanley maintains NARI with a strong buy rating and lowers their NARI price target from $95.00 to $83.00, on Jan 6, 2023.

Richard Newitter, a top 6% analyst from Truist Securities maintains NARI with a hold rating and lowers their NARI price target from $84.00 to $75.00, on Dec 20, 2022.

Marie Thibault, a top 5% analyst from BTIG maintains NARI with a strong buy rating and lowers their NARI price target from $100.00 to $97.00, on Oct 17, 2022.

Matthew Taylor, a top 19% analyst from Jefferies initiates coverage on NARI with a strong buy rating and announces their NARI price target of $88.00, on Oct 12, 2022.

Dev Weerasuriya, a bottom 16% analyst from Berenberg initiates coverage on NARI with a strong buy rating and announces their NARI price target of $85.00, on Sep 29, 2022.

You can dive deeper into what analysts are forecasting on the Inari Medical stock forecast page.

NARI Momentum

SMA10
63.46
SMA20
64
SMA50
68.57
SMA100
70.93
SMA200
71.57
MACD
-1.69
MACD Signal
-1.46
MACD Histogram
-0.23
RSI
36.26
Stochastic %K
20.34
Stochastic %D
22.3
StochRSI %K
27.31
StochRSI %D
32.17

NARI Revenue

Last year, NARI revenue was $358.92M. Over the past 2 year, NARI's revenue has increased by 79.86% per year. This was faster than the Medical Devices industry average of 16.53%.

Find out more about NARI's earnings and revenue performance here.

Who is buying/selling NARI?

Over the last 12 months, executives and large shareholders at NARI have sold more shares than they have bought.

Andrew Hykes, President and CEO of NARI, was the latest NARI insider to sell. They sold $122,580.00 worth of NARI shares on Jan 20, 2023.

Research more about who owns NARI shares here.

Can I rely on NARI as an income stream?

No, Inari Medical doesn't provide an income stream by paying out dividends.

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Step 5: Make your NARI purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price, place a limit order.

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Step 6: Monitor your NARI investment

Now that you own some shares in NARI, you'll want to keep up with your shares.

Create a watchlist to track the most important metrics related to your NARI stock.

NARI Feed

How to Buy Stock in Inari Medical

To reiterate, here are the 6 steps for buying Inari Medical stock:

  1. Choose where to buy Inari Medical stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Evaluate Inari Medical stock
  5. Make your NARI purchase
  6. Monitor your NARI investment

If you require a brokerage account, eToro is our favorite option.

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If you would like to get updates on your investment in Inari Medical, add NARI to your watchlist below.

NASDAQ: NARI
$58.67-4.50 (-7.12%)
Updated Jan 27, 2023
Open eToro Account
NASDAQ: NARI
$58.67-4.50 (-7.12%)
Updated Jan 27, 2023
Open eToro Account

FAQ

How much does it cost to buy one Inari Medical share?

As of Jan 27, 2023, it costs $58.67 to buy one share of Inari Medical stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.17 shares of NARI.

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Is now a good time to buy Inari Medical stock?

According to 8 Wall Street analysts who monitor Inari Medical, their consensus recommendation is to buy Inari Medical stock.

What is the best way to buy Inari Medical stock?

One way to place an order for Inari Medical stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.