Insmed Incorporated [NASDAQ: INSM] plunged by -$3.23 during the normal trading session on Wednesday and reaching a high of $21.08 during the day while it closed the day at $18.78. The company report on October 19, 2022 that Insmed Announces Strategic Financings Totaling $775 Million.
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—$500 million secured in non-dilutive structured financings consisting of a term loan and capped royalty financing—.
Insmed Incorporated stock has also loss -10.66% of its value over the past 7 days. However, INSM stock has declined by -18.84% in the 3 months of the year. Over the past six months meanwhile, it has lost -24.97% and lost -31.06% year-on date.
The market cap for INSM stock reached $2.31 billion, with 119.60 million shares outstanding and 117.04 million shares in the current float. Compared to the average trading volume of 1.09M shares, INSM reached a trading volume of 5669271 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Insmed Incorporated [INSM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INSM shares is $48.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INSM stock is a recommendation set at 1.80. 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.
Goldman have made an estimate for Insmed Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 27, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on December 06, 2021, representing the official price target for Insmed Incorporated stock. Previously, the target price had yet another drop from $56 to $52, while Morgan Stanley kept a Overweight rating on INSM stock.
The Average True Range (ATR) for Insmed Incorporated is set at 1.23, with the Price to Sales ratio for INSM stock in the period of the last 12 months amounting to 10.46. The Price to Book ratio for the last quarter was 50.76, with the Price to Cash per share for the same quarter was set at 4.50.
INSM stock trade performance evaluation
Insmed Incorporated [INSM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.66. With this latest performance, INSM shares dropped by -21.03% in over the last four-week period, additionally sinking by -24.97% over the last 6 months – not to mention a drop of -29.50% in the past year of trading.
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 INSM stock in for the last two-week period is set at 32.55, with the RSI for the last a single of trading hit 28.37, and the three-weeks RSI is set at 36.09 for Insmed Incorporated [INSM]. The present Moving Average for the last 50 days of trading for this stock 23.77, while it was recorded at 20.89 for the last single week of trading, and 22.64 for the last 200 days.
Insmed Incorporated [INSM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Insmed Incorporated [INSM] shares currently have an operating margin of -194.82 and a Gross Margin at +73.89. Insmed Incorporated’s Net Margin is presently recorded at -230.63.
Return on Equity for this stock declined to -126.66, with Return on Assets sitting at -42.62.
Insmed Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.30 and a Current Ratio set at 5.90.
Insmed Incorporated [INSM]: Insider Ownership positions
There are presently around $2,430 million, in the hands of institutional investors. The top three institutional holders of INSM stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 16,222,623, which is approximately 2.298% of the company’s market cap and around 1.10% of the total institutional ownership; VANGUARD GROUP INC, holding 11,247,644 shares of the stock with an approximate value of $211.23 million in INSM stocks shares; and BLACKROCK INC., currently with $177.38 million in INSM stock with ownership of nearly 0.886% of the company’s market capitalization.
Positions in Insmed Incorporated stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 101 institutional holders increased their position in Insmed Incorporated [NASDAQ:INSM] by around 10,341,460 shares. Additionally, 109 investors decreased positions by around 7,310,745 shares, while 34 investors held positions by with 111,755,603 shares. The mentioned changes placed institutional holdings at 129,407,808 shares, according to the latest SEC report filing. INSM stock had 24 new institutional investments in for a total of 1,639,793 shares, while 27 institutional investors sold positions of 2,545,212 shares during the same period.