Insmed Inc (NASDAQ: INSM): Performance Review And Growth Outlook

In the latest trading session, 0.74 million Insmed Inc (NASDAQ:INSM) shares changed hands as the company’s beta touched 1.15. With the company’s most recent per share price at $63.44 changed hands at -$0.48 or -0.74% at last look, the market valuation stands at $10.23B. INSM’s current price is a discount, trading about -2.46% off its 52-week high of $65.00. The share price had its 52-week low at $19.01, which suggests the last value was 70.03% up since then. When we look at Insmed Inc’s average trading volume, we note the 3-month average coming to 3.12 million.

Insmed Inc (NASDAQ:INSM) trade information

Instantly INSM was in red as seen in intraday trades today. With action 5.92%, the performance over the past five days has been green. The drop to weekly highs of 65.00 subtracted -0.74% to the stock’s daily price. The company’s shares are showing year-to-date upside of 104.73%, with the 5-day performance at 5.92% in the green. However, in the 30-day time frame, Insmed Inc (NASDAQ:INSM) is 152.77% up.

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Insmed Inc (INSM) estimates and forecasts

Data shows that the Insmed Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 119.68% over the past 6 months, a 15.73% in annual growth rate that is considerably higher than the industry average of 15.60%. Year-over-year growth is forecast to reach 15.80% up from the last financial year.

Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 88.03M. 13 analysts are of the opinion that Insmed Inc’s revenue for the current quarter will be 91.7M. The company’s revenue for the corresponding quarters a year ago was 77.23M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -4.82%. The 2024 estimates are for Insmed Inc earnings to increase by 15.31%.