In the last trading session, 2.58 million shares of the Insmed Inc (NASDAQ:INSM) were traded, and its beta was 0.82. Most recently the company’s share price was $100.28, and it changed around -$1.31 or -1.29% from the last close, which brings the market valuation of the company to $19.05B. INSM currently trades at a discount to its 52-week high of $101.70, offering almost -1.42% off that amount. The share price’s 52-week low was $60.40, which indicates that the current value has risen by an impressive 39.77% since then. We note from Insmed Inc’s average daily trading volume that its 10-day average is 5.66 million shares, with the 3-month average coming to 2.88 million.
Insmed Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.05. If we narrow it down even further, the data shows that 0 out of 20 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 0 recommended INSM as a Hold, whereas 14 deemed it a Buy, and 0 rated it as Underweight.
Insmed Inc (NASDAQ:INSM) trade information
Instantly INSM has showed a red trend with a performance of -1.29% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 102.00 on recent trading dayincreased the stock’s daily price by 1.69%. The company’s shares are currently up 45.25% year-to-date, but still up 10.28% over the last five days. On the other hand, Insmed Inc (NASDAQ:INSM) is 47.21% up in the 30-day period. We can see from the shorts that 17.46 million shares have been sold at a short interest cover period of 7.75 day(s).
The consensus price target as assigned by Wall Street analysts is $110, which translates to bulls needing to increase their stock price by 8.84% from its current value. Analyst projections state that INSM is forecast to be at a low of $110 and a high of $110.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -13.12%. Insmed Inc earnings are expected to increase by 6.01% in 2025, but the outlook is positive 47.55% per year for the next five years.
INSM Dividends
Insmed Inc’s next quarterly earnings report is expected to be released on 2025-May-07.
Insmed Inc (NASDAQ:INSM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.77% of Insmed Inc shares, and 111.04% of them are in the hands of institutional investors. The stock currently has a share float of 111.91%. Insmed Inc stock is held by 598.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.3509% of the shares, which is about 16.01 million shares worth $1.07 billion.
BLACKROCK INC., with 9.2206% or 14.26 million shares worth $955.72 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
