InMode $INMD stock closed down -4.6% on October 14, 2022, after the company raised its sales forecasts above consensus estimates.
InMode Expects Record Third Quarter 2022 Revenue of $120.5M-$120.9M, Raising Full-Year 2022 Revenue Guidance to $445M-450M
On October 13, 2022, InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced that it expects to release its financial results for the third quarter of 2022 before the Nasdaq market opens on Thursday, October 27, 2022.
InMode sees Q3 non-GAAP EPS of 64c-65c versus the consensus estimate of 53c. The company sees Q3 revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... of $120.5M-$120.9M versus the consensus estimate of $105.94M.
Dark Pool Trade In InMode $INMD Stock
A dark pool trade occurred in InMode $INMD stock on October 6, 2022. The dark pool trading data shows a $4.3 million block order. We think that this was a buy order ahead of the company, raising revenue guidance.
Make sure to review this lesson on dark pool trading so that you understand the chart above.
InMode started with a Buy at Jefferies
On October 12, 2022, Jefferies analyst Matthew Taylor started coverage of InMode with a Buy rating and $40 price target. He said that InMode is a leader in the aesthetics market with well protected, best-in-class technologies in minimal and non-invasive body shaping, fat reduction, and skin tightening. Taylor expects continued market growth, share gains, and pipeline contributions to drive upside to consensus estimates.
InMode Corporate Overview
InMode $INMD Stock Technical Analysis
InMode $INMD stock is in a technical weak uptrend. The stock is testing a triangle breakout. The MACDThe MACD indicator is essentially a momentum indicator that shows the relationship between two different moving averages of price. The MACD is the difference between the 12-period ... is positive and so too is the money flow. InMode stock has excellent relative strength in this overall down trending market.