Insmed Inc (INSM) concluded trading on Thursday at a closing price of $79.01, with 3.4 million shares of worth about $268.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 191.01% during that period and on August 22, 2024 the price saw a gain of about 2.60%. Currently the company’s common shares owned by public are about 171.85M shares, out of which, 167.48M shares are available for trading.
Stock saw a price change of 6.57% in past 5 days and over the past one month there was a price change of 6.15%. Year-to-date (YTD), INSM shares are showing a performance of 154.95% which increased to 264.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.21 but also hit the highest price of $78.87 during that period. The average intraday trading volume for Insmed Inc shares is 3.62 million. The stock is currently trading 6.52% above its 20-day simple moving average (SMA20), while that difference is up 10.49% for SMA50 and it goes to 99.79% higher than SMA200.
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Insmed Inc (NASDAQ: INSM) currently have 171.85M outstanding shares and institutions hold larger chunk of about 101.83% of that.
The stock has a current market capitalization of $13.58B and its 3Y-monthly beta is at 1.11. It has posted earnings per share of -$5.40 in the same period. It has Quick Ratio of 2.53 while making debt-to-equity ratio of 35.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INSM, volatility over the week remained 4.23% while standing at 4.37% over the month.
Stock’s fiscal year EPS is expected to rise by 3.16% while it is estimated to increase by 17.28% in next year.
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 Truist on April 23, 2024 offering a Buy rating for the stock and assigned a target price of $48 to it. Coverage by Wolfe Research stated Insmed Inc (INSM) stock as an Outperform in their note to investors on February 15, 2024, suggesting a price target of $42 for the stock. On December 08, 2023, Wells Fargo Initiated their recommendations, while on November 20, 2023, JP Morgan Resumed their ratings for the stock with a price target of $36. Stock get a Buy rating from Guggenheim on July 26, 2023.
