How to Buy Inspire Medical Systems Stock
Inspire Medical Systems Inc
Inspire Medical Systems, Inc. , a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA).
Inspire Medical Systems stock last closed at $251.19, up 2.95% from the previous day, and has decreased 2.37% in one year. It has overperformed other stocks in the Medical Devices industry by 0.1 percentage points. Inspire Medical Systems stock is currently +103.77% from its 52-week low of $123.27, and -23.88% from its 52-week high of $330.00.
There are currently 29.59M INSP shares outstanding. The market capitalization of INSP is $7.43B. In the last 24 hours, 356,858 INSP shares were traded.
How to Buy Inspire Medical Systems Stock
Not sure how to invest in Inspire Medical Systems stock? Here's how.
- Choose where to buy Inspire Medical Systems stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy Inspire Medical Systems stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your payment method and add your info.
- Analyze Inspire Medical Systems stock: The Inspire Medical Systems ticker symbol is INSP. Is Inspire Medical Systems stock a good investment? Should you buy shares of INSP? How do INSP's underlying business fundamentals look? Do top analysts think Inspire Medical Systems is a good buy? Why has INSP's stock price moved recently? (Hint: Our stock research website can help you decide if INSP is a good stock to buy).
- Make your INSP trade: Decide if you will purchase INSP shares at the current market price or use a limit order to purchase INSP stock at a given price.
- Get notifications regarding your INSP position: Create a watchlist to important notifications about your investment in Inspire Medical Systems stock.
Step 1: Choose where to buy Inspire Medical Systems stock
You need a brokerage account to access the NYSE market and buy INSP shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal information so you can invest in INSP today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on the best beginner stock app, your next step is to transfer the money for your investment:
Check out the tutorial below for more details depositing money into your new brokerage account.
Step 4: Analyze Inspire Medical Systems stock
After you have figured out the best place to buy Inspire Medical Systems stock, it's very important to analyze their stock prior to buying, so you truly comprehend the risk as well as the upside.
Overview of key INSP info
Inspire Medical Systems Zen Score
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on INSP's stock page.
Is INSP stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge INSP's true value.
Using relative valuations metrics:
- INSP could be overvalued based on its P/B ratio of 12.98x, relative to Medical Devices industry P/B ratio of 3.68x
You can do more valuation research on INSP's stock here.
INSP Financial Overview
Passed Health Checks:
- INSP has a low debt to equity ratio of 0.18.
- There are more short-term assets than short-term liabilities on the INSP balance sheet.
- Total INSP debt is lower than 5 years ago, relative to shareholder equity.
- INSP profit margin has gone up from -11% to -3.4% in the past year.
- INSP's operating cash flow of $24.65M allows it to safely service it's debt of $24.85M.
- There are more short-term assets than long-term liabilities on the INSP balance sheet.
Failed Health Checks:
- INSP earnings of -$19.91M is not sufficient to cover its interest payments.
Do Wall Street analysts think it's a good time to buy INSP stock
Out of 7 Equities analysts who track INSP, the consensus analyst rating on INSP is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Latest INSP Analyst Upgrades/Downgrades
An analyst from Jefferies initiates coverage on INSP with a strong buy rating and announces their INSP price target of $245.00, on Jan 19, 2024.
Jonathan Block, a bottom 29% analyst from Stifel Nicolaus downgrades INSP to a hold rating and announces their INSP price target of $210.00, on Jan 2, 2024.
Larry Biegelsen, a top 13% analyst from Wells Fargo downgrades INSP to a hold rating and announces their INSP price target of $187.00, on Dec 13, 2023.
You can dig deeper into what analysts are saying on the Inspire Medical Systems stock forecast page.
INSP Trading Indicators
INSP Performance Metrics
Last year, INSP revenue was $624.80M. Over the past five year, INSP's revenue has increased by 65.32% per year. This was faster than the Medical Devices industry average of 13.04%.
You can research INSP's earnings and revenue performance here.
Latest Insiders Trades at INSP
In the past year, insiders at INSP have bought more shares than they have sold.
Marilyn C. Nelson, Director of INSP, was the latest INSP insider to buy. They bought $282,799.00 worth of INSP shares on Apr 29, 2024.
Get more info about who owns INSP shares here.
Can I get consistent income from INSP stock?
No, Inspire Medical Systems doesn't provide an income stream by paying out dividends.
INSP Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your INSP trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open button and eToro will place your order.
If you require more assistance buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your INSP position
Now that you own some shares in INSP, you'll want to keep up with your investment.
Make a watchlist to track the most important metrics related to your INSP stock.
INSP Feed
How to Buy Stock in Inspire Medical Systems
To reiterate, here are the 6 steps to buy stock in Inspire Medical Systems:
- Choose where to buy Inspire Medical Systems stock
- Sign up for your brokerage account
- Put funds into your investment account
- Analyze Inspire Medical Systems stock
- Make your INSP trade
- Get notifications regarding your INSP position
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your new investment in Inspire Medical Systems, create a watchlist on WallStreetZen today.
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