INMD InMode Ltd. Ordinary Shares : Bullish and Bearish Analyst Opinions

Kyle reflects on a past trade in InMode. The stock was a "sevenbagger," but the PE expanded from 22x to 50x. The market priced it like a recurring revenue SaaS, but it sells aesthetic hardware (one-off sales). This is a lesson in "Expectations vs. Reality." When the market assigns a valuation multiple (50x PE) that contradicts the fundamental business model (hardware sales), the asset becomes a speculation on mass psychology rather than an investment in intrinsic value. AVOID (Sell when valuation disconnects from business model). Momentum can drive prices higher irrationally before the crash.