Buy Rating: InMode Stock - Improving the Beauty of People and Portfolios
INMD, one of our favorite stocks, reported earnings last week. The numbers beat expectations (as we anticipated), and the company reaffirmed its solid outlook. Despite this, the stock has been trending down due to the overall fear in the market.
We believe this has created an excellent opportunity in INMD stock.
In our full article, we explain how InMode is so mispriced that, by our calculations, the market is expecting its free cash flow per share to decline over a 10-year period. We believe this to be overly pessimistic for a company that actually grows at double-digit rates.
What InMode Does:
To briefly explain, INMD sells devices for things such as permanent hair reduction, wrinkle reduction, facial skin rejuvenation, skin appearance and texture, cellulite treatment, and more.
People spend a lot of money on these things, and INMD makes quite a bit of money as well.
Here’s how its chart looks, it is about 75% off its highs:
It’s in a downtrend, so it can trend lower. However, most of the downtrend has played out at this point. We believe there is more upside potential than downside potential. Find out why by reading the full article, linked below!
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