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 1.00% on the day. It looks like INSP may be interacting with a downward sloping Support line. It may find or support at this level or it's momentum can continue downward. In addition to being near an angled support line INSP is near a weak support line. We'll see if it bounces off or heads lower. Momentum wise Inspire Medical Systems, hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.

If we get a reversal off of support and Inspire Medical Systems starts moving up, it can probably get to $197.75 at which point it'll need to break through that resistance level in order to keep moving higher. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $125.79 at which point, it may have a chance of recovering from there.

Analyst Ratings for Inspire Medical Systems By Price Target And Rating

The analysts are pretty neutral on Inspire Medical Systems right now, so not much useful information here. The current Analysts Sentiment Score is 5.57. 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.