Why INSPIRE MEDICAL SYSTEMS INC (NYSE:INSP) qualifies as a high growth stock.

INSPIRE MEDICAL SYSTEMS INC (NYSE:INSP) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:INSP.

In-Depth Technical Analysis of NYSE:INSP

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 9 out of 10 to INSP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INSP is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• INSP is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. INSP outperforms 84% of them.
• When comparing the yearly performance of all stocks, we notice that INSP is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
• INSP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INSP is lagging the market.
• In the last month INSP has a been trading in the 201.39 - 225.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of INSP contains the most current technical analsysis.

How do we evaluate the setup for NYSE:INSP?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:INSP has a 8 as its setup rating, indicating its current consolidation status.

INSP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 214.94. Right above this resistance zone may be a good entry point.

What matters for high growth investors.

• INSPIRE MEDICAL SYSTEMS INC has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 178.0% increase. This indicates improving financial performance and the company's effective management of its operations.
• INSPIRE MEDICAL SYSTEMS INC has achieved 29.65% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• INSPIRE MEDICAL SYSTEMS INC has achieved significant 1-year revenue growth of 34.14%, signaling its ability to capture market opportunities and drive top-line expansion. This growth indicates the company's effective execution and its potential for continued success.
• Analysts' average next Quarter EPS Estimate for INSPIRE MEDICAL SYSTEMS INC has witnessed a 7.0K% change in the last 3 months, underscoring the dynamic nature of market sentiment towards the company's EPS prospects.
• The recent financial report of INSPIRE MEDICAL SYSTEMS INC demonstrates a 178.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• accelerating EPS growth for INSPIRE MEDICAL SYSTEMS INC: the current Q2Q growth of 178.0% exceeds the previous year Q2Q growth of 22.64%.
• With positive growth in its operating margin over the past year, INSPIRE MEDICAL SYSTEMS INC showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• The free cash flow (FCF) of INSPIRE MEDICAL SYSTEMS INC has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• Maintaining a Debt-to-Equity ratio of 0.0, INSPIRE MEDICAL SYSTEMS INC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• INSPIRE MEDICAL SYSTEMS INC has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• INSPIRE MEDICAL SYSTEMS INC has achieved an impressive Relative Strength (RS) rating of 88.35, showcasing its ability to outperform the broader market. This strong performance positions INSPIRE MEDICAL SYSTEMS INC as an attractive stock for potential price appreciation.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.