Inspire Medical Systems Stock Price on March 19, 2024
| INSP Stock | USD 157.95 0.77 0.49% |
Below is the normalized historical share price chart for Inspire Medical Systems extending back to May 03, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Inspire Medical stands at 157.95, as last reported on the 30th of May, with the highest price reaching 160.69 and the lowest price hitting 155.35 during the day.
If you're considering investing in Inspire Stock, it is important to understand the factors that can impact its price. Inspire Medical Systems holds Efficiency (Sharpe) Ratio of -0.0147, which attests that the entity had a -0.0147% return per unit of risk over the last 3 months. Inspire Medical Systems exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inspire Medical's Standard Deviation of 5.17, risk adjusted performance of (0.0006), and Market Risk Adjusted Performance of (0.06) to validate the risk estimate we provide.
At this time, Inspire Medical's Total Stockholder Equity is relatively stable compared to the past year. As of 05/30/2024, Liabilities And Stockholders Equity is likely to grow to about 710.7 M, while Other Stockholder Equity is likely to drop slightly above 478.1 M. . At this time, Inspire Medical's Price Earnings To Growth Ratio is relatively stable compared to the past year. As of 05/30/2024, Price To Operating Cash Flows Ratio is likely to grow to 253.88, while Price Book Value Ratio is likely to drop 9.89. Inspire Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of May 2018 | 200 Day MA 191.413 | 50 Day MA 207.1144 | Beta 1.348 |
Inspire |
Sharpe Ratio = -0.0147
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| Negative Returns | INSP |
Estimated Market Risk
| 5.29 actual daily | 46 54% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Inspire Medical is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Inspire Medical by adding Inspire Medical to a well-diversified portfolio.
Price Book 12.2636 | Enterprise Value Ebitda (386.02) | Price Sales 11.2374 | Shares Float 29.2 M | Wall Street Target Price 252.56 |
Inspire Medical Valuation on March 19, 2024
It is possible to determine the worth of Inspire Medical on a given historical date. On March 19, 2024 Inspire was worth 199.99 at the beginning of the trading date compared to the closed value of 204.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Inspire Medical stock. Still, in general, we apply an absolute valuation method to find Inspire Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Inspire Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Inspire Medical's related companies.
| Open | High | Low | Close | Volume | |
| 193.53 | 202.26 | 192.66 | 199.23 | 320,033 | |
03/19/2024 | 199.99 | 206.94 | 199.99 | 204.45 | 348,227 |
| 203.70 | 204.37 | 185.14 | 197.56 | 856,518 |
| Backtest Inspire Medical | | | Inspire Medical History | | | Inspire Medical Valuation | Previous | Next |
Inspire Medical Trading Date Momentum on March 19, 2024
| On March 20 2024 Inspire Medical Systems was traded for 197.56 at the closing time. The top price for the day was 204.37 and the lowest listed price was 185.14 . The trading volume for the day was 856.5 K. The trading history from March 20, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.37% . The trading delta at closing time against the current closing price is 4.67% . |
Inspire Medical Systems Fundamentals Correlations and Trends
By evaluating Inspire Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Inspire Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Inspire financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Inspire Medical Stock history
Inspire Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Inspire is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Inspire Medical Systems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Inspire Medical stock prices may prove useful in developing a viable investing in Inspire Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 29.3 M | 22.9 M | |
| Net Loss | -40.4 M | -42.4 M |
Inspire Medical Quarterly Net Working Capital |
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Inspire Medical Stock Technical Analysis
Inspire Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Inspire Medical Period Price Range
Low | March 19, 2024
| High |
199.99 | 204.45 |
Inspire Medical May 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Inspire Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Inspire Medical shares will generate the highest return on investment. By undertsting and applying Inspire Medical stock market strength indicators, traders can identify Inspire Medical Systems entry and exit signals to maximize returns
| Accumulation Distribution | 11695.07 | |||
| Daily Balance Of Power | 0.6417 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 203.47 | |||
| Day Typical Price | 203.79 | |||
| Price Action Indicator | 3.21 | |||
| Period Momentum Indicator | (46.50) | |||
| Relative Strength Index | 77.33 |
Inspire Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Inspire Medical's price direction in advance. Along with the technical and fundamental analysis of Inspire Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Inspire to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.0006) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.07) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inspire Medical Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Inspire Stock analysis
When running Inspire Medical's price analysis, check to measure Inspire Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Inspire Medical is operating at the current time. Most of Inspire Medical's value examination focuses on studying past and present price action to predict the probability of Inspire Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inspire Medical's price. Additionally, you may evaluate how the addition of Inspire Medical to your portfolios can decrease your overall portfolio volatility.
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Is Inspire Medical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Inspire Medical. If investors know Inspire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Inspire Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.682 | Earnings Share (0.52) | Revenue Per Share 22.454 | Quarterly Revenue Growth 0.282 | Return On Assets (0.04) |
The market value of Inspire Medical Systems is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire Medical's value that differs from its market value or its book value, called intrinsic value, which is Inspire Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Inspire Medical's market value can be influenced by many factors that don't directly affect Inspire Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Inspire Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.