Set Your Sights On Inspire Medical Systems Inc (NYSE: INSP)’S Upside Potential

Inspire Medical Systems Inc (INSP) concluded trading on Wednesday at a closing price of $194.00, with 0.49 million shares of worth about $95.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.67% during that period and on November 27, 2024 the price saw a gain of about 2.57%. Currently the company’s common shares owned by public are about 29.56M shares, out of which, 29.39M shares are available for trading.

Stock saw a price change of 5.00% in past 5 days and over the past one month there was a price change of -2.56%. Year-to-date (YTD), INSP shares are showing a performance of -4.64% which increased to 35.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $123.00 but also hit the highest price of $257.40 during that period. The average intraday trading volume for Inspire Medical Systems Inc shares is 598.01K. The stock is currently trading 2.10% above its 20-day simple moving average (SMA20), while that difference is down -2.38% for SMA50 and it goes to 4.05% higher than SMA200.

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Inspire Medical Systems Inc (NYSE: INSP) currently have 29.56M outstanding shares and institutions hold larger chunk of about 111.40% of that.

The stock has a current market capitalization of $5.81B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 180.25, while it has posted earnings per share of $1.08 in the same period. It has Quick Ratio of 6.94 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 4.30% while standing at 5.11% over the month.

Stock’s fiscal year EPS is expected to rise by 283.89% while it is estimated to increase by 50.28% 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 BofA Securities on November 20, 2024 offering a Buy rating for the stock and assigned a target price range of between $220 and $255 to it. Coverage by BofA Securities stated Inspire Medical Systems Inc (INSP) stock as a Neutral in their note to investors on May 08, 2024, suggesting a price target of $225 for the stock. On April 19, 2024, RBC Capital Mkts Initiated their recommendations, while on March 19, 2024, Morgan Stanley Initiated their ratings for the stock with a price target of $250. Stock get an Overweight rating from KeyBanc Capital Markets on February 06, 2024.

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