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The closing price of Inspire Medical Systems Inc (NYSE: INSP) was $207.93 for the day, up 1.93% from the previous closing price of $203.99. In other words, the price has increased by $1.93 from its previous closing price. On the day, 0.67 million shares were traded. INSP stock price reached its highest trading level at $211.99 during the session, while it also had its lowest trading level at $201.75.
Ratios:
Our analysis of INSP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 8.35 and its Current Ratio is at 9.25. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on May 08, 2024, Downgraded its rating to Neutral and sets its target price to $225 from $265 previously.
On April 19, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $285.
On March 19, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $250.Morgan Stanley initiated its Overweight rating on March 19, 2024, with a $250 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 11 ’24 when Ebeling Philip bought 5,453 shares for $247.28 per share.
McCormick Shawn sold 800 shares of INSP for $176,000 on Sep 09 ’24. The Director now owns 23,140 shares after completing the transaction at $220.00 per share. On Sep 09 ’24, another insider, Rondoni John, who serves as the Chief Technology Officer of the company, sold 31 shares for $215.00 each. As a result, the insider received 6,665 and left with 11,348 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INSP now has a Market Capitalization of 6200825856 and an Enterprise Value of 5785675776. As of this moment, Inspire’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1144.36, and their Forward P/E ratio for the next fiscal year is 149.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.79 while its Price-to-Book (P/B) ratio in mrq is 9.71. Its current Enterprise Value per Revenue stands at 8.198 whereas that against EBITDA is -552.226.
Stock Price History:
Over the past 52 weeks, INSP has reached a high of $257.40, while it has fallen to a 52-week low of $123.00. The 50-Day Moving Average of the stock is 23.62%, while the 200-Day Moving Average is calculated to be 13.21%.
Shares Statistics:
INSP traded an average of 634.54K shares per day over the past three months and 658560 shares per day over the past ten days. A total of 29.56M shares are outstanding, with a floating share count of 29.24M. Insiders hold about 1.96% of the company’s shares, while institutions hold 107.77% stake in the company. Shares short for INSP as of 1724976000 were 1301966 with a Short Ratio of 2.05, compared to 1722384000 on 1202817. Therefore, it implies a Short% of Shares Outstanding of 1301966 and a Short% of Float of 5.0100001999999995.
