A Multi-Bagger Stock In The Making: InMode Has All The Right Traits

A Multi-Bagger Stock In The Making: InMode Has All The Right Traits

“InMode is the best stock in the quickly growing medical aesthetic devices industry,” proclaims Stock Bros Research, adding, “this is why it has vastly outperformed its peers.” InMode (Nasdaq: INMD) is an asset-light business with high returns on capital and a flawless balance sheet with no debt. Industry demand for its technology devices remains high, seeing record revenues in Q3 2020 with a 49% YoY increase.

InMode has many qualities of a multi-bagger stock, surpassing the competition in operational efficiency and brand recognition. In addition, the company insiders have shown that they believe in the company as no shares traded hands throughout the pandemic. As a result, InMode will continue to see strong growth.

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