Inspire Medical Systems Inc (INSP) concluded trading on Wednesday at a closing price of $163.41, with 4.64 million shares of worth about $758.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.56% during that period and on May 08, 2024 the price saw a loss of about -33.47%. Currently the company’s common shares owned by public are about 30.30M shares, out of which, 29.66M shares are available for trading.
Stock saw a price change of -33.03% in past 5 days and over the past one month there was a price change of -31.42%. Year-to-date (YTD), INSP shares are showing a performance of -19.67% which decreased to -42.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $123.27 but also hit the highest price of $330.00 during that period. The average intraday trading volume for Inspire Medical Systems Inc shares is 481.58K. The stock is currently trading -31.22% below its 20-day simple moving average (SMA20), while that difference is down -24.12% for SMA50 and it goes to -18.08% lower than SMA200.
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Inspire Medical Systems Inc (NYSE: INSP) currently have 30.30M outstanding shares and institutions hold larger chunk of about 103.93% of that.
The stock has a current market capitalization of $4.95B and its 3Y-monthly beta is at 1.42. It has posted earnings per share of -$0.55 in the same period. It has Quick Ratio of 7.25 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INSP, volatility over the week remained 6.62% while standing at 5.34% over the month.
Analysts are in expectations that Inspire Medical Systems Inc (INSP) stock would likely to be making an EPS of -$0.23 in the current quarter, while forecast for next quarter EPS is -$0.07 and it is $0.62 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.5 which is -$0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 108.55% while it is estimated to increase by 1173.37% in next year. EPS is likely to grow at an annualized rate of 54.10% for next 5-years, compared to annual growth of 13.57% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on May-09-24 offering a Neutral rating for the stock and assigned a target price range of between $265 and $225 to it. Coverage by RBC Capital Mkts stated Inspire Medical Systems Inc (INSP) stock as an Outperform in their note to investors on April 19, 2024, suggesting a price target of $285 for the stock. On March 19, 2024, Morgan Stanley Initiated their recommendations, while on February 06, 2024, KeyBanc Capital Markets Resumed their ratings for the stock with a price target of $278. Stock get a Buy rating from Jefferies on January 19, 2024.
