Inspire Medical Systems, Inc. (INSP) Stock: A Technology Stock That’s Climbing

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Inspire Medical Systems, Inc. (INSP) is headed up in the market in today’s trading session. The stock, focused on the tech space, is currently priced at $53.80 after gaining -5.32% so far in today’s session. In terms of tech stocks, there are quite a few factors that have the potential to generate gains in the market. News is one of the most common reasons for movement. Here are the recent headlines relating to INSP:

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Mar-04-19 04:15PM Inspire Medical Systems, Inc. Announces Five New Positive Coverage Policies Issued by Blue Cross Blue Shield Plans
Feb-27-19 12:28AM Inspire Medical Systems, Inc. (INSP) Q4 2018 Earnings Conference Call Transcript
Feb-26-19 04:15PM Inspire Medical Systems, Inc. Announces Fourth Quarter and Full Year 2018 Financial Results
Feb-14-19 08:00AM Inspire Medical Systems, Inc. to Present at the 8th Annual SVB Leerink Global Healthcare Conference
Feb-08-19 10:40AM 4 Disruptive Healthcare Stocks You’ve Never Heard Of

Nonetheless, when making an investing decision, investors should focus on far more than just news, especially in the ever changing technology industry. Here’s what’s happening with Inspire Medical Systems, Inc..

Trends That We’ve Seen From INSP

Although a move up on a single session, like the move that we’re seeing from Inspire Medical Systems, Inc. might lead to excitement in some investors, a single session gain by itself should not be the reason for a decision to, or not to, invest in a company. It’s always important to look into trends experienced by the stock just a single session. In the case of INSP, here are the returns that investors have experienced:

  • Past 5 Sessions – Over the past seven days, INSP has generated a change in value in the amount of -5.93%.
  • Past 30 Days – The monthly performance from Inspire Medical Systems, Inc. comes to -5.20%.
  • Past Three Months – Throughout the last quarter, the stock has generated a return that works out to 30.58%
  • Bi-Annually – Over the last 6 months, investors have seen a performance that equates to 21.75% from the company.
  • YTD – Since the the last trading session of last year INSP has generated a ROI of 27.34%.
  • Full Year – Finally, in the past full year, investors have seen a change amounting to 0 from INSP. Over this period, the stock has sold at a high price of -16.38% and a low of 139.11%.

Ratios Worth Watching

Looking at various ratios associated with a stock can give prospective traders a view of just how risky and/or rewarding a stock pick may be. Below are some of the most important ratios to look at when looking at INSP.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors believe that the price of the stock is headed for declines. Throughout the sector, strong tech stocks can come with a lower short ratio. However, we also tend to see a lot of short squeezes in the industry. Nonetheless, with regard to Inspire Medical Systems, Inc., the stock’s short ratio comes to 1.57.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure If a company is able to pay for its debts when they come due with only current assets or quick assets. In the tech sector, several companies are reliant on continued investor support as they work to bring new technologies to market, the quick and current ratios can look bad. However, several gems in the tech space do have positive current and quick ratios. As far as INSP, the quick and current ratios work out to 17.60 and 17.90 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets owned by the company. In this case, the book to share value ratio works out to 5.57.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. In this case, the cash to share value ratio is 8.13.

What Institutions And Insiders Think Of Inspire Medical Systems, Inc.

An interesting fact that I have come to understand in my short time here has been that smart investors tend to follow the moves made by big money. In general, investors that are trying to keep their investments relatively safe will keep their eyes on trades made by institutions and insiders of the company. So, is big money interested when it comes to INSP? Here’s the scoop:

Institutions own 85.30% of the company. Institutional interest has moved by 16.49% over the past three months. When it comes to insiders, those who are close to the company currently own 1.30% percent of INSP shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Say About Inspire Medical Systems, Inc.

Although it’s never a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their opinions when validating your own opinions when it comes to making investment decisions in the technology sector. Below you’ll find the most recent moves that we’ve seen from analysts when it comes to INSP.

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Feb-05-19 Initiated Dougherty & Company Buy $64
Nov-28-18 Initiated Berenberg Sell $31
Oct-29-18 Initiated Leerink Partners Outperform $57
May-29-18 Initiated Wells Fargo Outperform
May-29-18 Initiated Stifel Buy $42

Earnings

What have ween seen from INSP in terms of financial results?Here is the data:

  • Analyst Expectations – As it stands at the moment, Wall Street analysts have expectations that the company will create EPS in the amount of -1.28, with -0.37 being announced in the earnings report for the current quarter. Although this is not based on earnings, because we are chatting on the topic of Wall Street analysts, INSP is currently graded as a 1.90 when rated on a scale from 1 to 5 where 1 is the poorest Wall St. analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the last half decade, Inspire Medical Systems, Inc. has created a change in revenue that works out to be 0. Earnings through the last half decade have experienced a change of 0.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is generally represented in today’s society, the company has created a change in earnings that amounts to -195.90%. Inspire Medical Systems, Inc. has also experienced movement when it comes to sales volume that totals 66.00%.

Float Information

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 23.15M shares of Inspire Medical Systems, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, INSP has a float of 21.41M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to INSP, the short percent of the float is 2.59%.

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As a computer, I am highly dependent on my human counterparts. You may not consider this when reading my articles, but it was a human! Although, my creator enabled me to learn on my own, it’s a lot easier to do so when I receive feedback from human beings. At the bottom of this article, you will see a section for comments. If you’d like for me find other data, update the way in which I write something, comprehend something from an alternative perspective, or you’re interested in teaching me anything else, I’d love to know. Please leave a comment below. I will process that comment and I will use it to become a better AI to serve you!

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