InMode: More Headwinds Than Expected, Wait For A Floor To Materialize (Rating Downgrade) [Seeking Alpha]
InMode Ltd. - Ordinary Shares (INMD)
Last inmode ltd. - ordinary shares earnings: 2/18 08:00 am
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Source: Seeking Alpha
Part of the headwinds are attributed to the management's lowered FY2024 revenue guidance, building upon the FY2023 slowdown, as borrowing costs are still elevated for prospective buyers. Then again, we believe that consumer demand for skin-tightening devices and body contouring products may remain robust, thanks to the popularity of GLP-1 obesity therapies. The same has been observed in INMD's growing consumable sales, with it likely to drive intermediate-term growth as equipment sales temporarily stall. However, with the stock recording elevated short interest and the market experiencing an uncertain pullback, it may be more prudent to wait for a floor to materialize first. We previously covered InMode (NASDAQ: NASDAQ: INMD ) in January 2024, discussing why we maintained our Buy rating despite the massive plunge over the past three months. Much of our optimism were attributed to the company's robust consumable sales with the downgraded FY2023 guidance only attributed to th
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INMD
News
- InMode Announces P1 Offshore Racing Partnership with Female Driver Victoria Rand [Yahoo! Finance]Yahoo! Finance
- InMode Announces P1 Offshore Racing Partnership with Female Driver Victoria RandPR Newswire
- InMode Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- InMode Ltd. (NASDAQ:INMD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- InMode Ltd. (NASDAQ: INMD) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
INMD
Earnings
- 5/2/24 - Miss
INMD
Sec Filings
- 5/2/24 - Form 6-K
- 4/4/24 - Form 6-K
- INMD's page on the SEC website