Gaining Ground: Insmed Inc (INSM) Closes Higher at 74.50, Up 0.09

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The price of Insmed Inc (NASDAQ: INSM) closed at $74.50 in the last session, up 0.09% from day before closing price of $74.43. In other words, the price has increased by $0.09 from its previous closing price. On the day, 1.71 million shares were traded. INSM stock price reached its highest trading level at $76.1 during the session, while it also had its lowest trading level at $73.62.

Ratios:

We take a closer look at INSM’s different ratios to gain a better understanding of the stock. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 12152366080 and an Enterprise Value of 11842984960. For the stock, the TTM Price-to-Sale (P/S) ratio is 38.07. Its current Enterprise Value per Revenue stands at 37.538 whereas that against EBITDA is -17.626.

Stock Price History:

Over the past 52 weeks, INSM has reached a high of $78.87, while it has fallen to a 52-week low of $20.16. The 50-Day Moving Average of the stock is 28.62%, while the 200-Day Moving Average is calculated to be 115.19%.

Shares Statistics:

According to the various share statistics, INSM traded on average about 3.56M shares per day over the past 3-months and 2123580 shares per day over the past 10 days. A total of 161.23M shares are outstanding, with a floating share count of 156.79M. Insiders hold about 2.75% of the company’s shares, while institutions hold 91.79% stake in the company. Shares short for INSM as of 1721001600 were 14868059 with a Short Ratio of 4.18, compared to 1718323200 on 11568176. Therefore, it implies a Short% of Shares Outstanding of 14868059 and a Short% of Float of 9.25.

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