In last trading session, Insmed Incorporated (NASDAQ:INSM) saw 0.73 million shares changing hands with its beta currently measuring 2.27. Company’s recent per share price level of $27.38 trading at -$0.16 or -0.58% at ring of the bell on the day assigns it a market valuation of $3.21B. That closing price of INSM’s stock is at a discount of -65.96% from its 52-week high price of $45.44 and is indicating a premium of 19.65% from its 52-week low price of $22.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.78 million shares which gives us an average trading volume of 728.58K if we extend that period to 3-months.
For Insmed Incorporated (INSM), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.82 in the current quarter.
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Upright in the red during last session for losing -0.58%, in the last five days INSM remained trading in the green while hitting it’s week-highest on Monday, 09/27/21 when the stock touched $27.38 price level, adding 2.98% to its value on the day. Insmed Incorporated’s shares saw a change of -17.75% in year-to-date performance and have moved 1.37% in past 5-day. Insmed Incorporated (NASDAQ:INSM) showed a performance of -6.01% in past 30-days. Number of shares sold short was 8.11 million shares which calculate 10.86 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $53.13 to the stock, which implies a rise of 48.47% to its current value. Analysts have been projecting $43.00 as a low price target for the stock while placing it at a high target of $58.00. It follows that stock’s current price would drop -111.83% in reaching the projected high whereas dropping to the targeted low would mean a loss of -57.05% for stock’s current value.
Insmed Incorporated (INSM) estimates and forecasts
Statistics highlight that Insmed Incorporated is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -22.63% of value to its shares in past 6 months, showing an annual growth rate of -18.60% while that of industry is 7.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to decrease by -30.20% in the current quarter and calculating 19.00% increase in the next quarter. This year revenue growth is estimated to rise 19.40% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $50.21 million for the same. And 5 analysts are in estimates of company making revenue of $56.09 million in the next quarter that will end on Dec 2021. Company posted $46.07 million and $41.41 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 9.00% while estimating it to be 35.40% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -8.40% during past 5 years.
Insmed Incorporated is more likely to be releasing its next quarterly report between October 27 and November 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Insmed Incorporated (NASDAQ:INSM)’s Major holders
Insiders are in possession of 1.32% of company’s total shares while institution are holding 95.70 percent of that, with stock having share float percentage of 96.98%. Investors also watch the number of corporate investors in a company very closely, which is 95.70% institutions for Insmed Incorporated that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at INSM for having 11.3 million shares of worth $384.96 million. And as of Mar 30, 2021, it was holding 10.92% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 9.69 million shares on Mar 30, 2021. The number of shares represents firm’s hold over 9.36% of outstanding shares, having a total worth of $329.89 million.
On the other hand, Vanguard Total Stock Market Index Fund and Price (T.Rowe) New Horizons Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2021, the former fund manager was holding 2.9 million shares of worth $98.73 million or 2.80% of the total outstanding shares. The later fund manager was in possession of 2.7 million shares on Mar 30, 2021, making its stake of worth around $92.0 million in the company or a holder of 2.61% of company’s stock.