Inspire Medical Systems Inc (INSP) stock analysis: A simple moving average approach

While Inspire Medical Systems Inc has underperformed by -0.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, INSP fell by -3.32%, with highs and lows ranging from $257.40 to $123.00, whereas the simple moving average fell by -0.74% in the last 200 days.

On November 20, 2024, BofA Securities Upgraded Inspire Medical Systems Inc (NYSE: INSP) to Buy. A report published by BofA Securities on May 08, 2024, Downgraded its rating to ‘Neutral’ for INSP. RBC Capital Mkts also rated INSP shares as ‘Outperform’, setting a target price of $285 on the company’s shares in an initiating report dated April 19, 2024. Morgan Stanley Initiated an Overweight rating on March 19, 2024, and assigned a price target of $250. KeyBanc Capital Markets initiated its ‘Overweight’ rating for INSP, as published in its report on February 06, 2024. Jefferies’s report from January 19, 2024 suggests a price prediction of $245 for INSP shares, giving the stock a ‘Buy’ rating. Stifel also rated the stock as ‘Hold’.

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Analysis of Inspire Medical Systems Inc (INSP)

Further, the quarter-over-quarter increase in sales is 32.54%, showing a positive trend in the upcoming months.

Inspire Medical Systems Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 5.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 6.94, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

The average volume for any stock is also a very valuable indicator of volatility, and INSP has an average volume of 560.02K. On a monthly basis, the volatility of the stock is set at 4.01%, whereas on a weekly basis, it is put at 4.13%, with a loss of -2.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $241.81, showing growth from the present price of $185.42, which can serve as yet another indication of whether INSP is worth investing in or should be passed over.

How Do You Analyze Inspire Medical Systems Inc Shares?

Medical Devices giant Inspire Medical Systems Inc (INSP) is based in the USA and is one of the largest companies in the market. When comparing Inspire Medical Systems Inc shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 172.28, there is a growth in quarterly earnings of 307.63%.

In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.91%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 111.41% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

INSP shares are owned by institutional investors to the tune of 111.41% at present.

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