Gains May Be On The Menu For Inspire Medical Systems Inc (NYSE: INSP)

Currently, there are 29.56M common shares owned by the public and among those 29.08M shares have been available to trade.

The company’s stock has a 5-day price change of -1.83% and -20.58% over the past three months. INSP shares are trading -20.18% year to date (YTD), with the 12-month market performance down to -47.85% lower. It has a 12-month low price of $123.27 and touched a high of $330.00 over the same period. INSP has an average intraday trading volume of 600.19K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.50%, -16.16%, and -13.05% respectively.

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Institutional ownership of Inspire Medical Systems Inc (NYSE: INSP) shares accounts for 107.19% of the company’s 29.56M shares outstanding.

It has a market capitalization of $4.82B and a beta (3y monthly) value of 1.34. The earnings-per-share (ttm) stands at -$0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.93% over the week and 4.30% over the month.

Earnings per share for the fiscal year are expected to increase by 118.97%, and 490.26% over the next financial year. EPS should grow at an annualized rate of 64.60% over the next five years, compared to 13.57% over the past 5-year period.

Looking at the support for the INSP, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on May 08, 2024, with the firm’s price target at $265-$225. RBC Capital Mkts coverage for the Inspire Medical Systems Inc (INSP) stock in a research note released on April 19, 2024 offered a Outperform rating with a price target of $285. Morgan Stanley was of a view on March 19, 2024 that the stock is Overweight, while KeyBanc Capital Markets gave the stock Overweight rating on February 06, 2024, issuing a price target of $278. Jefferies on their part issued Buy rating on January 19, 2024.

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