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Inspire Medical Systems stock

INSPNYSE

Inspire Medical Systems, Inc., HealthcareISIN US4577301090

$60.54▼ $1.57 (−2.5%)Closing price of 12 Nov 2026

52Score 52 out of 100, Neutral

Turn on early warning

Price and trend

56 / 100

Price history

−33% in one year

The chart shows daily closes over 9 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Above the 200-day line: the price is 5.2% above it.

Trend change

Since September 2026 the 50-day line has been above the 200-day line; the trend has turned up.

Momentum

Sharply down: the price has fallen very quickly lately (RSI 26).

Distance to the high

The price is 58% below its 52-week high. Largest decline in 9 years: 88% (July 2023 to May 2026).

Chart figures for advanced users
SMA 50$68.97
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$57.53
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)26
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDbelow the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$40.05
The lowest closing price of the last twelve months.
Resistance$143.99
The highest closing price of the last twelve months.
Market cap
$1.8B
Div. yield
no dividend
17.8
includes one-off items, adjusted 29.8
43.2
on earnings for the next twelve months ($1.44 per share)
Fair value
$55.44

Snapshot

Computed from the data by fixed rules, no AI

  • Inspire Medical Systems, Inc. belongs to the Medical (Devices) industry (United States) and, with a market value of $1.75B, is number 43 of 90 companies in its industry on MEQIRI.
  • In fiscal 2025 it reported revenue of $911.98M (up 13.6% year on year) and earnings of $145.42M (up 171.8%).
  • For fiscal 2026, analysts expect on average revenue of $855.09M (down 6.2%) and adjusted earnings per share of $1.25 (down 51.7%).
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  • MEQIRI Score 52 out of 100 (Neutral): rank 369 of 714 in Healthcare, median 53.
  • Our model puts fair value at $55.44, with the price 12% above it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • Growing faster than its industryRevenue up 51.2% a year since 2020, Medical (Devices) median 13.8%.Growth 70
  • More cash than debtCash $327.97M, financial debt $28.61M.Stability 77
  • Analysts expect strong earnings growthUp 15% a year through 2028 (estimates from 10 analysts).Growth 70

Weaknesses

  • Volatile share priceVolatility 70% a year over the last 12 months.
  • DilutionShare count up 13% since 2020.Capital allocation 24
  • Share price fell sharplyDown 33% over the last 12 months.Momentum 45
52/ 100
MEQIRI Score
Neutral

Its standout strengths are stability and growth, while fundamentals and capital allocation hold the score back.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Fundamental quality fluctuates.

Profit consistency20% of years
Cash conversion (free cash flow to earnings, 12 months)97%
ROIC (12 months)3.2%
Positive free cash flow40% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk high

How well MEQIRI warns

One of the 30% with the highest crash risk among smaller stocks.

From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.

What drives the risk

  • price far below its 52-week high
  • high price swings
  • weak fundamentals

What lowers it

  • price not overheated over the past year

Valuation

Valuation signal

Fairly valued
Price
$62.11
Fair value
$55.44
Gap to fair value
+12%

Closing price of 11 Nov 2026, used by the daily score.

In our model the price counts as cheap below $36.96 and expensive above $110.87 (uncertainty very high, based on the price swings of the past year).

Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $46.77, at 7.8% it would be $68.39.

Valuation metrics

0.96
32.6
Fair value (model)
$55.44

From the cash-flow model alone; the profit includes one-off items, so there is no industry value.

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

11 years

In the twelve months to 30 Sep 2026, revenue fell 0.2% on the twelve months before. Revenue has grown strongly since 2015, at around 61% per year.

Margins

11 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2025: gross 85%, operating 6%, net 16%.

Debt & balance sheet

latest quarter
0.03
> 100x
6.45
Cash & equivalents
$327.97M

The balance sheet is solid, with low debt and comfortable interest coverage.

Earnings

Next earnings
10 Feb 2027in 90 days
Last reported
2 Nov 2026EPS reported $0.14 (expected $0.09)above expectations

Analyst estimates

Earnings estimates have barely changed since 15 Oct 2026.

Fiscal 202613 analysts
Earnings per share
$1.25+0.7%
Revenue
$855.09M+0.1%
Fiscal 202713 analysts
Earnings per share
$1.47−0.4%
Revenue
$878.16M−1.0%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook raised

Share price after the results: +27.7%

2026 outlook raised for revenue, adjusted operating margin (4% to 6%) and adjusted EPS ($1.05 to $1.45).

Supporting passage from the call, verbatim
“We now expect adjusted operating margin in the range of 4% to 6%, diluted EPS in the range of a loss of $0.42 per share to earnings of $0.17 per share and adjusted diluted EPS in the range of $1.05 to $1.45.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 3 Aug 2026 (fiscal Q2 2026), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

No open-market purchases in the last 6 months. 2 insiders sold, $201,756 in total.

Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.

  • Kelly Jason PSale

    7 Aug 2026, See Remarks

    Shares
    963
    Price
    $59.55
    Value
    $57,347
  • Rondoni JohnSale

    15 May 2026, See Remarks

    Shares
    2,641
    Price
    $43.28
    Value
    $114,302
  • Rondoni JohnSale

    14 May 2026, See Remarks

    Shares
    700
    Price
    $43.01
    Value
    $30,107

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at Inspire Medical Systems

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

714 rated companies in Healthcare

Rank 369 of 714
369/ 714
This company
52
Sector median
53

Categories against the sector median

ProfitabilityMedian of 714 companies58 (median 37)21 above the median
GrowthMedian of 714 companies70 (median 53)17 above the median
FundamentalsMedian of 714 companies37 (median 46)9 below the median
ValuationMedian of 477 companies with a value41 (median 54)13 below the median
StabilityMedian of 714 companies77 (median 67)10 above the median
Capital allocationMedian of 714 companies24 (median 39)15 below the median
Technical analysisMedian of 714 companies56 (median 70)14 below the median
MomentumMedian of 714 companies45 (median 71)26 below the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Medical (Devices)

The next larger and next smaller companies by market value

All 90 Medical (Devices) stocks

ETFs that hold Inspire Medical Systems

Held by 11 ETFs on Xetra. Shown per index: the ETF with the largest weight.

ETFWeightCostFund size
L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ0.14%0.30%€185.82M
iShares S&P SmallCap 600 UCITS ETFIUS30.11%0.30%€2.28B
Xtrackers Russell 2000 UCITS ETF 1CXRS20.06%0.30%€2.17B
Show 5 more

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Neutral, published since 7 Nov 2026 (in the score history since 13 Feb 2026)
  • Valuation signal Fairly valued since 11 Nov 2026, previously Overvalued
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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