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After finishing at $66.34 in the prior trading day, Insmed Inc (NASDAQ: INSM) closed at $64.50, down -2.77%. In other words, the price has decreased by -$2.77 from its previous closing price. On the day, 2.76 million shares were traded. INSM stock price reached its highest trading level at $66.68 during the session, while it also had its lowest trading level at $63.88.
Ratios:
Our goal is to gain a better understanding of INSM by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 1.80.
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 this company, Truist on April 23, 2024, initiated with a Buy rating and assigned the stock a target price of $48.
On February 15, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $42.
On December 08, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $55.Wells Fargo initiated its Overweight rating on December 08, 2023, with a $55 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 10 ’24 when Flammer Martina M.D. sold 21,195 shares for $60.00 per share. The transaction valued at 1,271,700 led to the insider holds 106,134 shares of the business.
Schaeffer Orlov S Nicole sold 55,000 shares of INSM for $3,043,150 on Jun 03 ’24. The Chief People Strategy Officer now owns 108,760 shares after completing the transaction at $55.33 per share. On May 30 ’24, another insider, Flammer Martina M.D., who serves as the Chief Medical Officer of the company, sold 21,195 shares for $55.00 each. As a result, the insider received 1,165,725 and left with 106,134 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, INSM now has a Market Capitalization of 10821294080 and an Enterprise Value of 10356939776. For the stock, the TTM Price-to-Sale (P/S) ratio is 32.96. Its current Enterprise Value per Revenue stands at 32.828 whereas that against EBITDA is -15.415.
Stock Price History:
The Beta on a monthly basis for INSM is 1.16, which has changed by 2.1234868 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, INSM has reached a high of $70.65, while it has fallen to a 52-week low of $19.74. The 50-Day Moving Average of the stock is 51.42%, while the 200-Day Moving Average is calculated to be 109.31%.
Shares Statistics:
The stock has traded on average 3.46M shares per day over the past 3-months and 3415930 shares per day over the last 10 days, according to various share statistics. A total of 161.23M shares are outstanding, with a floating share count of 156.78M. Insiders hold about 2.75% of the company’s shares, while institutions hold 92.36% stake in the company. Shares short for INSM as of 1718323200 were 11568176 with a Short Ratio of 3.34, compared to 1715731200 on 9929517. Therefore, it implies a Short% of Shares Outstanding of 11568176 and a Short% of Float of 7.19.
