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When Does Insmed Incorporated (INSM) Become A Good Investment?

Insmed Incorporated (NASDAQ:INSM) has a beta value of 1.56 and has seen 1.09 million shares traded in the last trading session. The company, currently valued at $2.77B, closed the last trade at $21.59 per share which meant it gained $0.28 on the day or 1.31% during that session. The INSM stock price is -34.04% off its 52-week high price of $28.94 and 23.99% above the 52-week low of $16.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.43 million shares traded. The 3-month trading volume is 1.49 million shares.

The consensus among analysts is that Insmed Incorporated (INSM) is a Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 13 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.97.

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Insmed Incorporated (NASDAQ:INSM) trade information

Sporting 1.31% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the INSM stock price touched $21.59 or saw a rise of 1.37%. Year-to-date, Insmed Incorporated shares have moved 8.06%, while the 5-day performance has seen it change 12.92%. Over the past 30 days, the shares of Insmed Incorporated (NASDAQ:INSM) have changed 8.55%. Short interest in the company has seen 8.65 million shares shorted with days to cover at 9.96.

Wall Street analysts have a consensus price target for the stock at $40.46, which means that the shares’ value could jump 46.64% from current levels. The projected low price target is $28.00 while the price target rests at a high of $52.00. In that case, then, we find that the current price level is -140.85% off the targeted high while a plunge would see the stock gain -29.69% from current levels.

Insmed Incorporated (INSM) estimates and forecasts

Figures show that Insmed Incorporated shares have outperformed across the wider relevant industry. The company’s shares have lost -3.70% over the past 6 months, with this year growth rate of 5.93%, compared to 4.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -2.10% and -17.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 37.30%.

8 analysts offering their estimates for the company have set an average revenue estimate of $71.17 million for the current quarter. 4 have an estimated revenue figure of $76.49 million for the next quarter concluding in Mar 2023. Year-ago sales stood $56.12 million and $53.11 million respectively for this quarter and the next, and analysts expect sales will grow by 26.80% for the current quarter and 44.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -6.40% over the past 5 years.

INSM Dividends

Insmed Incorporated is expected to release its next earnings report between February 15 and February 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Insmed Incorporated (NASDAQ:INSM)’s Major holders

Insiders own 1.47% of the company shares, while shares held by institutions stand at 96.64% with a share float percentage of 98.08%. Investors are also buoyed by the number of investors in a company, with Insmed Incorporated having a total of 342 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 11.35 million shares worth more than $245.13 million. As of Sep 29, 2022, Vanguard Group, Inc. (The) held 8.38% of shares outstanding.

The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 9.55 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $206.15 million and represent 7.05% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Price (T.Rowe) New Horizons Fund. As of Dec 30, 2022, the former fund manager holds about 3.09% shares in the company for having 4.18 million shares of worth $90.31 million while later fund manager owns 3.87 million shares of worth $83.57 million as of Sep 29, 2022, which makes it owner of about 2.86% of company’s outstanding stock.

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