InspireMD (NSPR) Sees Buying Pressure Ahead of Quarterly Earnings

Earnings announcements are almost always regarded as triggers for the stock price one way or another and that seems to have been the case with the InspireMD Inc (NYSE: NSPR) stock on Monday.

The company is all set to announce its financial results today and that has resulted in the stock coming into focus among investors. On Monday, the InspireMD stock surged by as high as 7%. Analysts have projected that the company is going to post revenues of $1.10 million and earnings per share of $0.06.

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It should be noted though that in the prior-year period, InspireMD had managed to generate revenues of $1.01 million and earnings per share of $0.57 per share. It seems that there is considerable optimism among investors that the company is going to hit analysts’ expectations or better still, surpass them. The stock is likely going to be in sharp focus today ahead of the announcement from the company today. Investors could keep the InspireMD stock on their watch lists for today.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.