INMD - Got $5000? Here's 3 Reasons to Buy InMode Stock Right Now
2023-08-11 08:35:00 ET
InMode (NASDAQ: INMD) is a great stock to consider if you're looking to make an investment of around $5,000. Thanks to its innovative, less-invasive devices for performing medical-aesthetics treatments, it has the opportunity to steal market share from traditional beauty interventions like plastic surgery and laser treatments while also creating a market to call its own.
So without further ado, let's take a look at three big reasons why this company is worth owning a few shares of, starting with its upcoming push into massive international markets.
InMode does a roaring business thanks to its global sales force and distribution operations, with its second-quarter sales climbing by 20% to reach over $136 million. It has fully-owned subsidiaries across the world, with most of its efforts being dedicated to pushing sales in the U.S. and E.U., where the market for medical-cosmetic procedures is well established. But in the next few years, it'll likely be increasing the tempo of its market penetration efforts in Asia by launching a direct sales force in China, which may well be its largest market in the long term. That'll likely juice its pace of growth even higher.
For further details see:
Got $5,000? Here's 3 Reasons to Buy InMode Stock Right Now