Inspira Technologies Oxy B.H.N. Ltd. [IINN] is -48.32% lower this YTD. Is it still time to buy?


Inspira Technologies Oxy B.H.N. Ltd. [NASDAQ: IINN] loss -4.87% or -0.11 points to close at $2.15 with a heavy trading volume of 5851170 shares. The company report on July 11, 2022 that Inspira™ Technologies Reveals Next Generation Liby™ System, an Extracorporeal Membrane Oxygenation System, Targeting a $531 Million Global ECMO Market.

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Inspira™ Technologies OXY B.H.N. Ltd. (Nasdaq: IINN, IINNW) (the “Company” or “Inspira Technologies”) introduces today the “Liby™” System, an advanced form of life support better known by the medical industry as extracorporeal membrane oxygenation (ECMO), used to treat patients with life-threatening heart and lung failure. The Liby™ System is intended to target the $531million global ECMO market. The Inspira Technologies Liby™ system currently under development, is expected to be submitted to the U.S. Food and Drug Administration (FDA) for approval, during the first half of 2023.

The Inspira Technologies Liby™ system is designed to be a new generation ECMO system, with potential advantages that may improve usability and patient care. The Liby™ system is also expected to be the first system designed for integration with the Company’s recently revealed non-invasive HYLA™ blood sensor technology. The addition of the HYLA to patients treated with the Liby™ system, would potentially allow for the real-time and continuous monitoring of patient condition to alert physicians of immediate signs of changes in a patient’s clinical condition.

It opened the trading session at $2.43, the shares rose to $2.48 and dropped to $2.06, the range by which the price of stock traded the whole day. The daily chart for IINN points out that the company has recorded -46.78% loss over the past six months. However, it is still -95.45% lower than its most recent low trading price.

If we look at the average trading volume of 2.07M shares, IINN reached to a volume of 5851170 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Inspira Technologies Oxy B.H.N. Ltd. [IINN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IINN shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IINN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for Inspira Technologies Oxy B.H.N. Ltd. is set at 0.26 The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 2.32.

Trading performance analysis for IINN stock

Inspira Technologies Oxy B.H.N. Ltd. [IINN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 62.88. With this latest performance, IINN shares gained by 30.30% in over the last four-week period, additionally sinking by -46.78% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IINN stock in for the last two-week period is set at 66.46, with the RSI for the last a single of trading hit 70.97, and the three-weeks RSI is set at 61.84 for Inspira Technologies Oxy B.H.N. Ltd. [IINN]. The present Moving Average for the last 50 days of trading for this stock 1.68, while it was recorded at 1.99 for the last single week of trading, and 2.67 for the last 200 days.

Inspira Technologies Oxy B.H.N. Ltd. [IINN]: A deeper dive into fundamental analysis

Return on Equity for this stock declined to -181.82, with Return on Assets sitting at -126.26.

Inspira Technologies Oxy B.H.N. Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.30 and a Current Ratio set at 8.30.

An analysis of insider ownership at Inspira Technologies Oxy B.H.N. Ltd. [IINN]

There are presently around $0 million, or 0.70% of IINN stock, in the hands of institutional investors. The top three institutional holders of IINN stocks are: IEQ CAPITAL, LLC with ownership of 51,949, which is approximately New of the company’s market cap and around 26.66% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 15,017 shares of the stock with an approximate value of $32000.0 in IINN stocks shares; and UBS GROUP AG, currently with $2000.0 in IINN stock with ownership of nearly New of the company’s market capitalization.

5 institutional holders increased their position in Inspira Technologies Oxy B.H.N. Ltd. [NASDAQ:IINN] by around 69,219 shares. Additionally, 7 investors decreased positions by around 62,420 shares, while 1 investors held positions by with 62,020 shares. The mentioned changes placed institutional holdings at 69,619 shares, according to the latest SEC report filing. IINN stock had 5 new institutional investments in for a total of 69,219 shares, while 7 institutional investors sold positions of 62,420 shares during the same period.