The price of Inari Medical Inc (NASDAQ:NARI) shares last traded on Wall Street fell -0.01% to $79.29.
NARI stock price is now 47.14% away from the 50-day moving average and 65.93% away from the 200-day moving average. The market capitalization of the company currently stands at $4.64B.
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With the price target of $75, Oppenheimer recently initiated with Outperform rating for Inari Medical Inc (NASDAQ: NARI). On September 18, 2024, Stifel recently initiated its ‘Hold’ rating on the stock quoting a target price of $50, while ‘Leerink Partners’ rates the stock as ‘Market Perform’
In other news, Hoffman William, Director sold 200,000 shares of the company’s stock on Jan 06 ’25. The stock was sold for $12,093,174 at an average price of $60.47. Upon completion of the transaction, the Director now directly owns 238,987 shares in the company, valued at $18.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Director WILLIAM HOFFMAN bought 200,000 shares of the business’s stock. A total of $9,954,000 was incurred on buying the stock at an average price of $49.77. A total of 14.09% of the company’s stock is owned by insiders.
During the past 12 months, Inari Medical Inc has had a low of $36.73 and a high of $79.69. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.77, and a quick ratio of 1.40. The fifty day moving average price for NARI is $53.8892 and a two-hundred day moving average price translates $47.7862 for the stock.
The latest earnings results from Inari Medical Inc (NASDAQ: NARI) was released for 2024-09-30. The net profit margin was -13.68% and return on equity was -17.72% for NARI. The company reported revenue of $153.39 million for the quarter, compared to $126.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.39 percent.
