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Wednesday, December 6, 2023

Inspire Medical Systems Inc (NYSE: INSP): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Inspire Medical Systems Inc (INSP) shows that investor sentiment remained same, with the stock’s consolidated last price to $143.34. The Inspire Medical Systems Inc has recorded 12,831 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Inspire Medical Systems, Inc. to Present at the Piper Sandler 35th Annual Healthcare Conference.

Stocks Info

INSP belongs to the Healthcare sector of the NYSE while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $143.34 and fluctuated between $145.00 as its day high and $138.62 as its day low. The current market capitalization of Inspire Medical Systems Inc is $4.23B. A total of 0.88 million shares were traded on the day, compared to an average of 754.81K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, INSP has seen 6 BUY and 3 SELL insider trades, representing the acquisition of 9,453 and the disposition of 99,208 shares. Over the last 12 months, there were 69 BUYs and 75 SELLs from insiders. Insiders purchased 104,404 shares during that period but sold 217,503.

In the most recent transaction, Griffin Jerry C sold 529 shares of INSP for 290.47 per share on Jul 31. After the transaction, the Director now owns 8,852 company shares. In a previous transaction on Jul 24, Griffin Jerry C sold 529 shares at 304.99 per share. INSP shares that Director owns now total 8,381.

Among the insiders who sold shares, Griffin Jerry C disposed of 529 shares on Jul 17 at a per-share price of $326.84. This resulted in the Director holding 7,910 shares of INSP after the transaction. In another insider transaction, Griffin Jerry C sold 529 shares at $310.42 per share on Jul 10. Company shares held by the Director now total 7,439.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for INSP in the last 3 months, the mean price target is $212.67 with high estimates of $250.00 and low estimates of $150.00. In terms of 52-week highs and lows, INSP has a high of $330.00 and a low of $123.27.

As of this writing, INSP has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.45. The company reported an EPS of -$0.41 in the last quarter, which was 28.10% higher than expectations of -$0.57.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $18.51, while its Total Shareholder’s Equity was $229.05M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.64.

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