Inari Medicalinc Stock Today
| NARI Stock | USD 38.42 0.35 0.92% |
Performance0 of 100
| Odds Of DistressLess than 20
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Inari MedicalInc is trading at 38.42 as of the 29th of April 2024. This is a 0.92% increase since the beginning of the trading day. The stock's open price was 38.07. Inari MedicalInc has about a 20 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Inari MedicalInc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of March 2024 and ending today, the 29th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 22nd of May 2020 | Category Healthcare | Classification Health Care |
Inari Medical, Inc., a medical device company, develops, manufactures, markets, and sells devices for the interventional treatment of venous diseases in the United States. Inari Medical, Inc. was incorporated in 2011 and is headquartered in Irvine, California. The company has 57.96 M outstanding shares of which 3.96 M shares are now shorted by private and institutional investors with about 2.34 trading days to cover. More on Inari MedicalInc
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Inari Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Inari MedicalInc's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Inari MedicalInc or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Inari MedicalInc report their recommendations after researching Inari MedicalInc's financial statements, talking to executives and customers, or listening in on Inari MedicalInc's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Inari MedicalInc. The Inari consensus assessment is calculated by taking the average forecast from all of the analysts covering Inari MedicalInc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Inari MedicalInc's historical financial statements, Inari MedicalInc is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Inari MedicalInc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Inari MedicalInc's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Inari MedicalInc's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Inari MedicalInc's financial leverage. It provides some insight into what part of Inari MedicalInc's total assets is financed by creditors.
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Inari MedicalInc (NARI) is traded on NASDAQ Exchange in USA. It is located in 6001 Oak Canyon, Irvine, CA, United States, 92618 and employs 1,300 people. Inari MedicalInc is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.23 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Inari MedicalInc's market, we take the total number of its shares issued and multiply it by Inari MedicalInc's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Inari MedicalInc conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 57.96 M outstanding shares of which 3.96 M shares are now shorted by private and institutional investors with about 2.34 trading days to cover.
Inari MedicalInc currently holds about 330.5 M in cash with 35.93 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.19.
Check Inari MedicalInc Probability Of Bankruptcy
Ownership AllocationInari MedicalInc has a total of 57.96 Million outstanding shares. The majority of Inari MedicalInc outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Inari MedicalInc to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Inari MedicalInc. Please pay attention to any change in the institutional holdings of Inari MedicalInc as this could imply that something significant has changed or is about to change at the company. Also note that almost one million seven hundred thirty-eight thousand eight hundred eighteen invesors are currently shorting Inari MedicalInc expressing very little confidence in its future performance.
Check Inari Ownership Details
Inari Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Inari MedicalInc jumping above the current price in 90 days from now is about 89.19%. The Inari MedicalInc probability density function shows the probability of Inari MedicalInc stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.1335. This indicates Inari MedicalInc market returns are responsive to returns on the market. As the market goes up or down, Inari MedicalInc is expected to follow. Additionally, inari MedicalInc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Inari MedicalInc to move above the current price in 90 days from now is about 89.19 (This Inari MedicalInc probability density function shows the probability of Inari Stock to fall within a particular range of prices over 90 days) .
Inari Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Inari MedicalInc that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Inari MedicalInc's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Inari MedicalInc's value.| Instituion | Recorded On | Shares | |
| Ing Investment Management Llc | 2023-12-31 | 773.3 K | |
| Northern Trust Corp | 2023-12-31 | 644.8 K | |
| Bamco Inc | 2023-12-31 | 610.2 K | |
| Allspring Global Investments Holdings, Llc | 2023-12-31 | 609.2 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 604.2 K | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 596 K | |
| Principal Financial Group Inc | 2023-12-31 | 567.3 K | |
| Fiera Capital Corporation | 2023-12-31 | 555.2 K | |
| Millennium Management Llc | 2023-12-31 | 551.8 K | |
| Blackrock Inc | 2023-12-31 | 6.7 M | |
| Vanguard Group Inc | 2023-12-31 | 5 M |
Inari MedicalInc Historical Income Statement
Inari MedicalInc Income Statement is one of the three primary financial statements used for reporting Inari's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Inari MedicalInc revenue and expense. Inari MedicalInc Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Inari MedicalInc's Selling And Marketing Expenses is increasing as compared to previous years. The Inari MedicalInc's current EBITDA is estimated to increase to about 7.5 M, while Interest Expense is projected to decrease to under 186.2 K. View More FundamentalsInari Stock Against Markets
Picking the right benchmark for Inari MedicalInc stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Inari MedicalInc stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Inari MedicalInc is critical whether you are bullish or bearish towards Inari MedicalInc at a given time. Please also check how Inari MedicalInc's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Inari MedicalInc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Inari MedicalInc Corporate Management
Elected by the shareholders, the Inari MedicalInc's board of directors comprises two types of representatives: Inari MedicalInc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Inari. The board's role is to monitor Inari MedicalInc's management team and ensure that shareholders' interests are well served. Inari MedicalInc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Inari MedicalInc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tara Dunn | Senior Development | Profile | |
| John Borrell | Senior Sales | Profile | |
| Kevin Strange | Accounting, Finance | Profile | |
| Janet Byk | VP Accounting | Profile | |
| John CFA | Vice Relations | Profile | |
| Eric Khairy | Senior Marketing | Profile | |
| Angela Ahmad | General Secretary | Profile |
How to buy Inari Stock?
Before investing in Inari MedicalInc, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Inari MedicalInc. To buy Inari MedicalInc stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Inari MedicalInc. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Inari MedicalInc stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Inari MedicalInc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Inari MedicalInc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Inari MedicalInc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Inari Stock please use our How to Invest in Inari MedicalInc guide.
Already Invested in Inari MedicalInc?
The danger of trading Inari MedicalInc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Inari MedicalInc is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Inari MedicalInc. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Inari MedicalInc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Inari MedicalInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Inari MedicalInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Inari Medicalinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Inari Medicalinc Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Inari MedicalInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Inari Stock please use our How to Invest in Inari MedicalInc guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Inari Stock analysis
When running Inari MedicalInc's price analysis, check to measure Inari MedicalInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Inari MedicalInc is operating at the current time. Most of Inari MedicalInc's value examination focuses on studying past and present price action to predict the probability of Inari MedicalInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inari MedicalInc's price. Additionally, you may evaluate how the addition of Inari MedicalInc to your portfolios can decrease your overall portfolio volatility.
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Is Inari MedicalInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Inari MedicalInc. If investors know Inari will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Inari MedicalInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.84) | Earnings Share (0.03) | Revenue Per Share 8.695 | Quarterly Revenue Growth 0.226 | Return On Assets (0) |
The market value of Inari MedicalInc is measured differently than its book value, which is the value of Inari that is recorded on the company's balance sheet. Investors also form their own opinion of Inari MedicalInc's value that differs from its market value or its book value, called intrinsic value, which is Inari MedicalInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Inari MedicalInc's market value can be influenced by many factors that don't directly affect Inari MedicalInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Inari MedicalInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inari MedicalInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inari MedicalInc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.