InMode Ltd. (NASDAQ:INMD)’s share price was up 6.5% during trading on Wednesday . The company traded as high as $27.94 and last traded at $26.84, approximately 1,054,526 shares traded hands during mid-day trading. A decline of 7% from the average daily volume of 1,137,756 shares. The stock had previously closed at $25.20.
Several equities analysts have weighed in on INMD shares. Robert W. Baird assumed coverage on shares of InMode in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $27.00 price objective on the stock. UBS Group began coverage on InMode in a report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 target price for the company. Barclays began coverage on InMode in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $27.00 target price for the company. Finally, Canaccord Genuity began coverage on InMode in a report on Tuesday, September 3rd. They set a “buy” rating and a $30.00 price target on the stock.
InMode (NASDAQ:INMD) last issued its earnings results on Tuesday, August 13th. The healthcare company reported $0.45 earnings per share for the quarter. The business had revenue of $38.80 million during the quarter. On average, research analysts expect that InMode Ltd. will post 1.38 earnings per share for the current fiscal year.
InMode Ltd. designs, develops, manufactures, and markets minimally-invasive aesthetic medical products based on its proprietary radio frequency assisted lipolysis and deep subdermal fractional radio frequency technologies. The company offers minimally-invasive aesthetic medical products for procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments.
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