INSP - Inspire Medical Systems: A Post Q1 Assessment
2024-06-12 13:54:51 ET
Summary
- The stock of Inspire Medical Systems, Inc. recently experienced a large sell-off after posting solid Q1 results, with revenues rising 28% year-over-year.
- The company continues to move towards profitability and maintains a rock-solid balance sheet.
- However, despite strong revenue growth and profitability projections, Inspire Medical Systems stock's high valuation and a potential new threat suggest investors should remain cautious.
- An updated analysis around this mid-cap medical device concern follows in the paragraphs below.
Today, we are going to take another look at Inspire Medical Systems, Inc. ( INSP ) . Our initial article on this mid-cap device maker came out right near the end of the summer swoon in the overall market in the second half of October. The stock of Inspire Medical Systems had been cut in half despite stellar sales growth and a rock-solid balance sheet ....
Inspire Medical Systems: A Post Q1 Assessment