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Saturday, June 3, 2023

Are Things Looking Up For Inspire Medical Systems Inc. (NYSE: INSP)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Inspire Medical Systems Inc. (INSP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.78, or 0.28%, to $276.00. The Inspire Medical Systems Inc. has recorded 39,877 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted UPDATE – Inspire Medical Systems, Inc. to Present at the BofA Securities Health Care Conference 2023.

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Stocks Info

The company is listed on the NYSE and operates within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $275.22 and fluctuated between $278.00 as its day high and $262.01 as its day low. The current market capitalization of Inspire Medical Systems Inc. is $8.05B. A total of 0.76 million shares were traded on the day, compared to an average of 360.99K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, INSP has seen 12 BUY and 21 SELL insider trades, representing the acquisition of 26,033 and the disposition of 68,384 shares. Over the last 12 months, there were 49 BUYs and 48 SELLs from insiders. Insiders purchased 213,150 shares during that period but sold 211,728.

In the most recent transaction, Jandrich Steven sold 8,000 shares of INSP for 271.02 per share on Apr 25. After the transaction, the VP, Human Resources now owns 4,371 company shares. In a previous transaction on Feb 16, Ebeling Philip sold 7,000 shares at 275.00 per share. INSP shares that Chief Operating Officer owns now total 243.

Among the insiders who sold shares, Herbert Timothy P. disposed of 11,715 shares on Feb 15 at a per-share price of $275.17. This resulted in the CEO and President holding 17,889 shares of INSP after the transaction. In another insider transaction, Herbert Timothy P. sold 20,138 shares at $275.52 per share on Feb 14. Company shares held by the CEO and President now total 29,604.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for INSP in the last 3 months, the mean price target is $309.09 with high estimates of $335.00 and low estimates of $290.00. In terms of 52-week highs and lows, INSP has a high of $282.31 and a low of $142.74.

As of this writing, INSP has an earnings estimate of $-0.49 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $-0.19 per share and a lower estimate of $-0.73. The company reported an EPS of $0.1 in the last quarter, which was 117.50% higher than expectations of $-0.57.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. INSP’s latest balance sheet shows that the firm has $214.47M in Cash & Short Term Investments as of fiscal 2021. There were $33.78M in debt and $41.31M in liabilities at the time. Its Book Value Per Share was $17.14, while its Total Shareholder’s Equity was $229.05M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INSP is Hold with a score of 4.75. A total of 11 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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