Inspire Medical Systems ( (INSP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Inspire Medical Systems’ stock movement can be attributed to its impressive Q3 results, where the company reported a revenue of $224.5 million, exceeding expectations. The company also maintained its revenue and gross margin guidance for FY25, thanks to the successful transition to the Inspire V system, which has improved performance. Additionally, positive earnings and promising studies in sleep apnea treatment have bolstered the company’s outlook.
More about Inspire Medical Systems
YTD Price Performance: -61.90%
Average Trading Volume: 1,252,498
Technical Sentiment Signal: Sell
Current Market Cap: $2.13B
For further insights into INSP stock on TipRanks’ Stock Analysis page.
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