A new trading day began on Tuesday, with Inspire Medical Systems Inc (NYSE: INSP) stock price down -4.43% from the previous day of trading, before settling in for the closing price of $194.03. INSP’s price has ranged from $123.00 to $257.40 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 66.60% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 203.56%. With a float of $29.21 million, this company’s outstanding shares have now reached $29.56 million.
In an organization with 1011 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 84.83%, operating margin of -2.03%, and the pretax margin is 1.21%.
Inspire Medical Systems Inc (INSP) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Inspire Medical Systems Inc is 2.05%, while institutional ownership is 107.81%. The most recent insider transaction that took place on Aug 15 ’24, was worth 3,116,397. In this transaction Chief Commercial Officer of this company sold 16,139 shares at a rate of $193.10, taking the stock ownership to the 3,056 shares. Before that another transaction happened on Aug 16 ’24, when Company’s Chief Commercial Officer sold 4,861 for $188.55, making the entire transaction worth $916,549. This insider now owns 3,056 shares in total.
Inspire Medical Systems Inc (INSP) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.29 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 203.56% per share during the next fiscal year.
Inspire Medical Systems Inc (NYSE: INSP) Trading Performance Indicators
Here are Inspire Medical Systems Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 8.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.18, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 1.39 in one year’s time.
Technical Analysis of Inspire Medical Systems Inc (INSP)
Let’s dig in a bit further. During the last 5-days, its volume was 0.42 million. That was inferior than the volume of 0.6 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 63.77%. Additionally, its Average True Range was 9.44.
During the past 100 days, Inspire Medical Systems Inc’s (INSP) raw stochastic average was set at 46.46%, which indicates a significant decrease from 76.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.71% in the past 14 days, which was higher than the 93.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $153.74, while its 200-day Moving Average is $179.40. However, in the short run, Inspire Medical Systems Inc’s stock first resistance to watch stands at $192.09. Second resistance stands at $198.75. The third major resistance level sits at $203.31. If the price goes on to break the first support level at $180.88, it is likely to go to the next support level at $176.32. Assuming the price breaks the second support level, the third support level stands at $169.66.
Inspire Medical Systems Inc (NYSE: INSP) Key Stats
With a market capitalization of 5.53 billion, the company has a total of 29,711K Shares Outstanding. Currently, annual sales are 624,800 K while annual income is -21,150 K. The company’s previous quarter sales were 195,890 K while its latest quarter income was 9,790 K.
