Inspire Medical Systems: COVID-19 Could Hurt Sales Short Term [Seeking Alpha]
Inspire Medical Systems, Inc. (INSP)
Last inspire medical systems, inc. earnings: 2/25 04:15 pm
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Source: Seeking Alpha
Thesis Inspire Medical Systems ( INSP But as with almost every stock in the market, Inspire has taken a huge hit in the wake of the COVID-19 outbreak in the U.S. The stock is ~50% off its highs. While widespread fear of a severe economic slowdown is attributable for the mass selloff, the COVID-19 outbreak actually has a direct impact on Inspire's business. The company's sleep apnea technology is a device that must be implanted in a patient through elective surgery. As COVID-19 spreads, more and more hospitals area cancelling elective surgery altogether to make room for the anticipated surge in COVID-19 patients. It remains to be seen how severe the COVID-19 outbreak becomes. Medical leaders today are arguing that all elective procedures should be stopped so that elective surgery patients are not exposed to COVID-19 in the hospital. It is likely the cancellation of elective surgeries nationwide would impede Inspire's ability to sell its devices. As of Q4, Inspire had partnered with 299
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INSP
News
- Inspire Medical Systems, Inc. (NYSE: INSP) is now covered by analysts at Royal Bank of Canada. They set an "outperform" rating and a $285.00 price target on the stock.MarketBeat
- Inspire (INSP) Surges 9.9%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- Recent 7.0% pullback isn't enough to hurt long-term Inspire Medical Systems (NYSE:INSP) shareholders, they're still up 353% over 5 years [Yahoo! Finance]Yahoo! Finance
- Want Better Returns? Don't Ignore These 2 Medical Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
- Inspire Medical Systems: A Potential Example Of Market Mispricing [Seeking Alpha]Seeking Alpha
INSP
Earnings
- 2/6/24 - Beat
INSP
Sec Filings
- 4/18/24 - Form 4
- 4/17/24 - Form 144
- 4/16/24 - Form 4
- INSP's page on the SEC website