How to Buy Inmode Stock
Inmode Ltd
InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally.
Inmode stock last closed at $17.34, down 0.63% from the previous day, and has decreased 52.22% in one year. It has underperformed other stocks in the Medical Devices industry by 0.36 percentage points. Inmode stock is currently +0.29% from its 52-week low of $17.29, and -64.06% from its 52-week high of $48.25.
As of Apr 18, 2024, there are 83.98M INMD shares outstanding. The market cap of INMD is $1.46B. In the last 24 hours, 1.36M INMD shares were traded.
How to Buy Inmode Stock
Not sure how to invest in Inmode stock? Here's how.
- Decide where to buy Inmode stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Inmode stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your information.
- Evaluate Inmode stock: The Inmode ticker symbol is INMD. Is Inmode stock a good investment? Should you buy shares of INMD? How do INMD's underlying business fundamentals look? Do top analysts think Inmode is a good buy? Why has INMD's stock price moved recently? (Hint: Our stock market research website can help you decide if INMD is a good stock to buy).
- Make your INMD buy order: Decide if you will purchase INMD shares at the current market price or use a limit order to purchase INMD shares at a particular price.
- Get notifications regarding your investment in INMD: Create a watchlist to important updates regarding your new investment in Inmode shares.
Step 1: Decide where to buy Inmode stock
You need a brokerage account to access the NASDAQ market and buy INMD stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal information so you are able to invest in INMD today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on one of the most highly reviewed stock market apps, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing money into your new brokerage account.
Step 4: Evaluate Inmode stock
After you have chosen the best place to buy Inmode stock, it's important to evaluate their stock before you invest, so you truly comprehend the risk as well as the opportunity.
Inmode stock data
INMD Fundamentals
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on INMD's stock page.
What is the fair value of INMD stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge INMD's true value.
Using relative valuations metrics:
- INMD may be undervalued based on its P/E ratio of 7.32x, relative to Medical Devices industry P/E ratio of 28.61x
- INMD could be undervalued based on its P/B ratio of 1.85x, relative to Medical Devices industry P/B ratio of 3.63x
- INMD could be undervalued based on its PEG ratio of 0.24x
You can do additional valuation analysis on INMD's stock here.
INMD Financial Health Overview
Positive Health Checks:
- INMD earnings of $217.27M is not enough to cover its interest payments.
- INMD has a low debt to equity ratio of 0.1.
- INMD's operating cash flow of $176.83M allows it to safely service it's debt of $6.61M.
- There are more short-term assets than long-term liabilities on the INMD balance sheet.
- Total INMD debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the INMD balance sheet.
- INMD profit margin has gone up from 35.6% to 40.2% in the past year.
Is Inmode stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 sell side analysts who track INMD, the consensus analyst rating on INMD is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Inmode stock forecast page.
Metrics for Advanced INMD Traders
How is INMD performing as a company?
Last year, INMD earnings were $197.92M. Over the past five year, INMD's earnings have grown by 42.03% per year. This was faster than the Medical Devices industry average of 9.19%.
Last year, INMD revenue was $492.05M. During the last 5 year, INMD's revenue has grown by 37.49% per year. This was faster than the Medical Devices industry average of 13.47%.
You can research INMD's earnings and revenue performance here.
What are INMD insiders up to?
Over the last year, executives and large shareholders at INMD have not bought or sold any shares.
Research more about who owns INMD shares here.
Does INMD stock generate passive income?
No, Inmode doesn't provide an income stream by paying out dividends.
What others are saying about INMD
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your INMD buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you need more assistance investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your investment in INMD
Now that you own some INMD stock, you'll want to stay up-to-date on your shares.
Make a watchlist to get notified of important updates regarding your INMD stock.
INMD Feed
How to Buy Stock in Inmode
To reiterate, here are the 6 steps you need to take to buy Inmode stock right now:
- Decide where to buy Inmode stock
- Sign up for a brokerage account
- Fund your brokerage account
- Evaluate Inmode stock
- Make your INMD buy order
- Get notifications regarding your investment in INMD
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Inmode, get started below.
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