Inspire Medical Systems, Inc. | INSP

Daily Technical Analysis of Inspire Medical Systems, Inc.

There wasn't too much excitement in Inspire Medical Systems today which only managed to move up 0.11% on the day.

It looks like Inspire Medical Systems isn't currently at a very decisive point in regards to support/resistance levels. Momentum wise Inspire Medical Systems, has been oscillating up and down but hasn't shown much directional energy that would be predictive to the near future. INSP might find some support at the 147.53 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Inspire Medical Systems By Price Target And Rating

The analysts feel pretty optimistic about Inspire Medical Systems and have been assigning positive ratings. The current Analysts Sentiment Score is 257.92. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Royal Bank of Canada announced that they are initiating coverage with a rating of Outperform on 2024-04-19 and added a price target of $285.00. Mizuho reiterated a rating of Buy on 2024-03-27 and added a price target of $250.00. On 2024-03-20 there was confirmation of the previous rating by Truist Financial which was Buy and added a price target of $280.00. On 2024-03-19 Morgan Stanley initiated their coverage and rated as Overweight and added a price target of $250.00. KeyCorp initiated a rating of Overweight on 2024-02-06 and provided a price target of $278.00. Jefferies Financial Group initiated a rating of Buy on 2024-01-19 and provided a price target of $245.00. Stifel Nicolaus reiterated a rating of Buy on 2024-01-02 and provided a price target of $210.00. On 2023-12-13 Wells Fargo & Company downgraded Inspire Medical Systems from Overweight to Equal Weight and dropped their 1 year price target to $187.00 which is down from $245.00. JPMorgan Chase & Co. provided a price target decease of -46.76% to $181.00 from $340.00 on 2023-10-17. On 2023-10-16 SVB Leerink started covering Inspire Medical Systems with a rating of Market Perform and they set their price target at $159.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Inspire Medical Systems

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Inspire Medical Systems

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.