Inspire Medical Systems: COVID-19 Could Hurt Sales Short Term [Seeking Alpha]
Inspire Medical Systems, Inc. (INSP)
Last inspire medical systems, inc. earnings: 2/25 04:15 pm
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Source: Seeking Alpha
Thesis Inspire Medical Systems ( INSP But as with almost every stock in the market, Inspire has taken a huge hit in the wake of the COVID-19 outbreak in the U.S. The stock is ~50% off its highs. While widespread fear of a severe economic slowdown is attributable for the mass selloff, the COVID-19 outbreak actually has a direct impact on Inspire's business. The company's sleep apnea technology is a device that must be implanted in a patient through elective surgery. As COVID-19 spreads, more and more hospitals area cancelling elective surgery altogether to make room for the anticipated surge in COVID-19 patients. It remains to be seen how severe the COVID-19 outbreak becomes. Medical leaders today are arguing that all elective procedures should be stopped so that elective surgery patients are not exposed to COVID-19 in the hospital. It is likely the cancellation of elective surgeries nationwide would impede Inspire's ability to sell its devices. As of Q4, Inspire had partnered with 299
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News
- Inspire Medical Systems, Inc. Announces $75 million Accelerated Share Repurchase ProgramGlobeNewswire
- Earnings Beat: Inspire Medical Systems, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
- Inspire Medical Systems, Inc. to Present at Jefferies London Healthcare ConferenceGlobeNewswire
- Declining Stock and Decent Financials: Is The Market Wrong About Inspire Medical Systems, Inc. (NYSE:INSP)? [Yahoo! Finance]Yahoo! Finance
- Inspire Medical Systems, Inc. (NYSE: INSP) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $260.00 price target on the stock.MarketBeat
INSP
Earnings
- 11/4/24 - Beat
INSP
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 8-K
- 11/5/24 - Form 4
- INSP's page on the SEC website