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Are Investors Undervaluing InMode (INMD) Right Now?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is InMode (INMD - Free Report) . INMD is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 7.73, while its industry has an average P/E of 21.64. Over the last 12 months, INMD's Forward P/E has been as high as 13.19 and as low as 6.86, with a median of 8.37.
Another valuation metric that we should highlight is INMD's P/B ratio of 1.75. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. INMD's current P/B looks attractive when compared to its industry's average P/B of 5.22. Over the past year, INMD's P/B has been as high as 4.91 and as low as 1.73, with a median of 2.37.
These are just a handful of the figures considered in InMode's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that INMD is an impressive value stock right now.
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Are Investors Undervaluing InMode (INMD) Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is InMode (INMD - Free Report) . INMD is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 7.73, while its industry has an average P/E of 21.64. Over the last 12 months, INMD's Forward P/E has been as high as 13.19 and as low as 6.86, with a median of 8.37.
Another valuation metric that we should highlight is INMD's P/B ratio of 1.75. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. INMD's current P/B looks attractive when compared to its industry's average P/B of 5.22. Over the past year, INMD's P/B has been as high as 4.91 and as low as 1.73, with a median of 2.37.
These are just a handful of the figures considered in InMode's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that INMD is an impressive value stock right now.