INSPIRE MEDICAL SYSTEMS INC (NYSE:INSP) – A Strong Growth Stock with Technical Breakout Potential

INSPIRE MEDICAL SYSTEMS INC (NYSE:INSP) was identified by our screener as a strong growth stock with a promising technical setup. The company combines solid fundamentals with a potential breakout pattern, making it worth a closer look.

Strong Growth Fundamentals

• Revenue Growth: INSP has demonstrated impressive revenue growth, increasing by 27.11% over the past year, with a five-year average growth rate of 57.78%.
• Earnings Expansion: Earnings per share surged by 494.55% in the last year, with expected future growth of 33.18% annually.
• Profitability: The company maintains strong margins, with a Gross Margin of 84.65% (outperforming 95% of industry peers) and a Profit Margin of 7.92%.
• Financial Health: INSP has no debt and a high Current Ratio of 9.01, indicating strong liquidity.

Technical Setup

• Consolidation Pattern: The stock is currently consolidating near a key support zone between $125.70 and $127.17.
• Resistance Levels: A breakout above $132.42 could signal an upward move, with further resistance at $135.81.
• Setup Rating: INSP scores an 8/10 on our technical setup rating, suggesting a potential entry point if the breakout occurs.

While the broader trend remains negative, the combination of strong fundamentals and a favorable technical pattern makes INSP an interesting candidate for growth investors.

Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks with similar characteristics.
For a deeper analysis, review the full fundamental report and technical report.

Disclaimer

This is not investing advice! The article highlights observations at the time of writing, but you should always conduct your own research before making investment decisions.