Added to YB: 2024-03-28
Pitch date: 2024-03-27
NARI [bullish]
Inari Medical, Inc.
+68.29%
current return
Author Info
No bio for this author
Company Info
Inari Medical, Inc. manufactures minimally invasive, novel, and catheter-based mechanical thrombectomy devices and accessories for the specific disease states.
Market Cap
$4.7B
Pitch Price
$47.52
Price Target
N/A
Dividend
N/A
EV/EBITDA
-231.96
P/E
-59.05
EV/Sales
8.04
Sector
Health Care Equipment and Supplies
Category
growth
Inari Medical: Buy On Growing TAM
NARI: Leader in VTE; despite DOJ probe on doctor payments, low burn rate & strong Q4 '23 gross margins at 87.1% show potential. Q4 rev +22.6% YOY to $132.1M. New products (RevCore, InThrill, Artix) expand TAM; 2024 guidance conservative at 19%. Trades at 4.9x sales, undervalued vs. PEN & history. Profitability expected H1 2025, with a growth profile and market tailwinds. Buy below $50 for long-term appreciation.
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