How to Buy InMode Stock [2024] | Step-by-Step

Summary: InMode (NASDAQ: INMD) is a public company that operates in the medical industry. The most convenient way to buy InMode stock is through a reputable brokerage platform, such as eToro.

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About InMode

InMode is a leading global provider of innovative medical technologies, specializing in aesthetics and medical procedures. The company is known for its cutting-edge technologies, such as radiofrequency-based devices, used in various cosmetic and medical applications. InMode’s solutions are designed to provide effective and minimally invasive treatments, making them popular among both practitioners and patients.

InMode IPO

InMode went public in 2019 at an initial offering price of $14 per share. Since then, its stock has been traded on the NASDAQ stock exchange under the ticker INMD, providing investors with the opportunity to buy and sell shares.

How to buy InMode stock: Step-by-step

If you’re looking to buy InMode stock, you can follow our step-by-step guide and become a shareholder in no time.

Step 1: Choose the right broker

The first step in buying InMode stock is selecting a reliable and reputable brokerage platform. A brokerage platform acts as an intermediary between you and the stock market, facilitating the buying and selling of stocks. That said, our go-to broker is eToro, a popular choice for all kinds of investors, due to its numerous features, such as:

• Commission-free stock trading;
• Access to over 2,000 stocks from 17 different exchanges;
• The option to purchase fractional shares;
• Charting tools;
• A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Step 2: Fund your account

Once you’ve chosen a broker, you’ll need to open an account. This typically involves providing some personal information and funding your account. Most brokers offer various funding options, including bank transfers and credit/debit card deposits.

After funding your account, you’ll be ready to start investing. Nevertheless, keep in mind that the amount you deposit will determine how much InMode stock you can purchase.

Step 3: Place your order

With your account funded, the next step is to place your order to buy InMode stock. On your chosen broker’s platform, locate the Trade or Buy/Sell section. Then, enter the ticker symbol INMD and specify the number of shares you want to purchase.

You’ll also need to choose the type of order—market order or limit order. A market order will execute at the current market price, while a limit order allows you to set a specific price at which you want to buy InMode stock. Finally, confirm your order before submitting it.

InMode stock price today

Pros and cons of investing in InMode

Before making any investment, it’s crucial to consider the potential benefits and risks. Here are some pros and cons of investing in InMode stock:

Pros

• Innovative technologies: InMode is known for its advanced and innovative medical technologies;
• Growing market: The demand for aesthetic and medical procedures is on the rise globally;
• Strong financial performance: Evaluate InMode’s financial statements to assess its overall financial health, looking into its revenue growth, profitability, healthy balance sheets, and market position.

Cons

• Market volatility: Like all stocks, InMode’s stock price can be subject to market volatility;
• Competitive industry: The medical technology sector is competitive, and InMode faces competition from other companies;
• Regulatory risks: Changes in regulations related to the medical and aesthetic industries can impact InMode’s business.

In case you’re looking for the best medical device stocks to invest in, feel free to check out our other guides on leading companies in this sector:

• How to Buy Intuitive Surgical Stock;
• How to Buy Stryker Corporation Stock;
• How to Buy Medtronic Stock;
• How to Buy Boston Scientific Stock;
• How to Buy DexCom Stock;
• How to Buy Edwards Lifesciences Stock;
• How to Buy Outset Medical Stock.

What to avoid when buying stocks

While investing can be rewarding, it’s essential to be aware of common investing mistakes. Hence, here are some things to avoid when buying InMode stock:

• Emotional decision-making: Avoid making investment decisions based solely on emotions. Stay objective and rational;

• Neglecting research: Thoroughly research InMode, its industry, and market trends before making any investment decisions;

• Fear of missing out (FOMO): The fear of missing out on potential gains can lead to impulsive actions and chasing performance. Instead, focus on your investment strategy, conduct proper research, and make decisions based on a thorough analysis rather than short-term market movements.

• Overleveraging: Don’t invest more than you can afford to lose. Avoid excessive risk-taking that could lead to financial difficulties.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy InMode stock

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD