InspireMD (NSPR)


Market Price (11/6/2026): $0.641 | Market Cap: $29.8 MilSector: Health Care | Industry: Life Sciences Tools & Services

InspireMD (NSPR)


Market Price (11/6/2026): $0.641
Market Cap: $29.8 Mil
Sector: Health Care
Industry: Life Sciences Tools & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -51%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 53%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60%

Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Geriatric Care, and Targeted Therapies.

Weak multi-year price returns
2Y Excs Rtn is -109%, 3Y Excs Rtn is -164%

Penny stock
Mkt Price is 0.6

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -54 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -494%

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.4%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 99%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -380%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -392%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -101%

Key risks
NSPR key risks include [1] substantial going concern risk due to recurring losses and negative cash flows, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -51%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 53%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60%
3 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Geriatric Care, and Targeted Therapies.
4 Weak multi-year price returns
2Y Excs Rtn is -109%, 3Y Excs Rtn is -164%
5 Penny stock
Mkt Price is 0.6
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -54 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -494%
7 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.4%
8 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 99%
9 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -380%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -392%
10 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -101%
11 Key risks
NSPR key risks include [1] substantial going concern risk due to recurring losses and negative cash flows, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/5/2026

InspireMD (NSPR) stock has remained largely at the same level since 7/31/2026 because of the following key factors:

1. Disappointing Q2 2026 Financial Performance Despite EPS Beat.

InspireMD reported its fiscal Q2 2026 earnings on August 17, 2026, posting an earnings per share (EPS) of -$0.17, which exceeded analysts' expectations of -$0.20 by 15.00%. However, the stock experienced a notable decline of 10.4% the day following the announcement. This suggests that while the company surpassed a low EPS estimate, investors were likely more focused on other financial metrics, such as a 47.88% decrease in total revenue and a 4.64% decrease in net income quarter-over-quarter, which contributed to a lack of sustained positive stock movement.

2. Anticipation of Q3 2026 Earnings and Lack of New Catalysts.

The period since July 31, 2026, falls directly ahead of InspireMD's scheduled fiscal Q3 2026 earnings release on November 12, 2026. For a micro-capitalization company like InspireMD, with a market capitalization of approximately $36.31 million, investors often adopt a cautious "wait-and-see" approach leading up to financial reports. The absence of significant new corporate announcements, such as major product approvals beyond the existing CGuard Prime or substantial clinical trial breakthroughs, meant there were insufficient catalysts to drive a definitive upward trend, resulting in the stock consolidating as the market awaited fresh financial insights.

Show more
Updated on 11/5/2026

InspireMD (NSPR) stock has remained largely at the same level since 7/31/2026 because of the following key factors:

1. Disappointing Q2 2026 Financial Performance Despite EPS Beat.

InspireMD reported its fiscal Q2 2026 earnings on August 17, 2026, posting an earnings per share (EPS) of -$0.17, which exceeded analysts' expectations of -$0.20 by 15.00%. However, the stock experienced a notable decline of 10.4% the day following the announcement. This suggests that while the company surpassed a low EPS estimate, investors were likely more focused on other financial metrics, such as a 47.88% decrease in total revenue and a 4.64% decrease in net income quarter-over-quarter, which contributed to a lack of sustained positive stock movement.

2. Anticipation of Q3 2026 Earnings and Lack of New Catalysts.

The period since July 31, 2026, falls directly ahead of InspireMD's scheduled fiscal Q3 2026 earnings release on November 12, 2026. For a micro-capitalization company like InspireMD, with a market capitalization of approximately $36.31 million, investors often adopt a cautious "wait-and-see" approach leading up to financial reports. The absence of significant new corporate announcements, such as major product approvals beyond the existing CGuard Prime or substantial clinical trial breakthroughs, meant there were insufficient catalysts to drive a definitive upward trend, resulting in the stock consolidating as the market awaited fresh financial insights.

3. Warrant Amendments and Potential Dilution.

On September 21, 2026, InspireMD announced amendments to certain Series J and Series K warrants, aiming to potentially raise gross proceeds of up to $11 million. While intended to strengthen the company's financial position, the prospect of warrant exercises and the resulting increase in outstanding shares can introduce dilution, which may limit significant upward price appreciation. This capital-raising activity also underscored an ongoing need for funding, a factor that can induce caution among investors.

4. Ongoing Regulatory Hurdles and Absence of Clear U.S. Commercialization Progress.

InspireMD continues to pursue FDA approval for its CGuard Prime 80 cm delivery system, with anticipation for approval in fiscal Q4 2026 or fiscal H1 2027. This follows a U.S. recall issued for the CGuard Prime product on May 1, 2026, which impacted its commercialization efforts. The prolonged wait for definitive regulatory clearance for its core product, combined with past regulatory setbacks, kept investor sentiment from becoming strongly bullish and contributed to the stock remaining largely range-bound during the specified period.

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Stock Movement Drivers

Fundamental Drivers

The -1.7% change in NSPR stock from 7/31/2026 to 11/5/2026 was primarily driven by a -1.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)731202611052026Change
Stock Price ($)0.650.64-1.7%
Change Contribution By: 
Total Revenues ($ Mil)1111-0.1%
P/S Multiple5.05.0-0.6%
Shares Outstanding (Mil)8485-1.0%
Cumulative Contribution-1.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
NSPR-1.7% 
Market (SPY)-1.9%36.7%
Sector (XLV)13.8%23.4%

Fundamental Drivers

The -45.8% change in NSPR stock from 4/30/2026 to 11/5/2026 was primarily driven by a -54.0% change in the company's P/S Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)1.180.64-45.8%
Change Contribution By: 
Total Revenues ($ Mil)91120.7%
P/S Multiple10.95.0-54.0%
Shares Outstanding (Mil)8385-2.5%
Cumulative Contribution-45.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
NSPR-45.8% 
Market (SPY)2.3%25.4%
Sector (XLV)27.2%12.1%

Fundamental Drivers

The -71.1% change in NSPR stock from 10/31/2025 to 11/5/2026 was primarily driven by a -68.7% change in the company's P/S Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)2.210.64-71.1%
Change Contribution By: 
Total Revenues ($ Mil)71153.4%
P/S Multiple16.05.0-68.7%
Shares Outstanding (Mil)5185-39.8%
Cumulative Contribution-71.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
NSPR-71.1% 
Market (SPY)8.4%23.6%
Sector (XLV)29.8%13.8%

Fundamental Drivers

The -81.2% change in NSPR stock from 10/31/2023 to 11/5/2026 was primarily driven by a -75.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202311052026Change
Stock Price ($)3.390.64-81.2%
Change Contribution By: 
Total Revenues ($ Mil)511102.8%
P/S Multiple13.45.0-62.7%
Shares Outstanding (Mil)2185-75.1%
Cumulative Contribution-81.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
NSPR-81.2% 
Market (SPY)81.3%10.8%
Sector (XLV)55.5%7.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NSPR Return-41%-72%227%-6%-32%-64%-88%
Peers Return4%-15%-8%-24%55%-9%-12%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
NSPR Win Rate25%25%58%33%25%27% 
Peers Win Rate56%53%47%42%56%55% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
NSPR Max Drawdown-85%-75%-45%-41%-56%-77% 
Peers Max Drawdown-33%-44%-52%-42%-36%-44% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: A, ATEC, CERS, COCH, FRNM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventNSPRS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-28.7%-9.5%
  % Gain to Breakeven40.3%10.5%
  Time to Breakeven239 days24 days
2023 SVB Regional Banking Crisis
  % Loss-20.3%-6.7%
  % Gain to Breakeven25.5%7.1%
  Time to Breakeven10 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-63.9%-24.5%
  % Gain to Breakeven177.0%32.4%
  Time to Breakeven259 days427 days
2020 COVID-19 Crash
  % Loss-57.3%-33.7%
  % Gain to Breakeven134.3%50.9%
  Time to Breakeven328 days140 days
2013 Taper Tantrum
  % Loss-30.7%-0.2%
  % Gain to Breakeven44.3%0.2%
  Time to Breakeven38 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-24.5%-17.9%
  % Gain to Breakeven32.4%21.8%
  Time to Breakeven35 days123 days

Compare to A, ATEC, CERS, COCH, FRNM

In The Past

InspireMD's stock fell -4.5% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 4.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventNSPRS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-28.7%-9.5%
  % Gain to Breakeven40.3%10.5%
  Time to Breakeven239 days24 days
2023 SVB Regional Banking Crisis
  % Loss-20.3%-6.7%
  % Gain to Breakeven25.5%7.1%
  Time to Breakeven10 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-63.9%-24.5%
  % Gain to Breakeven177.0%32.4%
  Time to Breakeven259 days427 days
2020 COVID-19 Crash
  % Loss-57.3%-33.7%
  % Gain to Breakeven134.3%50.9%
  Time to Breakeven328 days140 days
2013 Taper Tantrum
  % Loss-30.7%-0.2%
  % Gain to Breakeven44.3%0.2%
  Time to Breakeven38 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-24.5%-17.9%
  % Gain to Breakeven32.4%21.8%
  Time to Breakeven35 days123 days

Compare to A, ATEC, CERS, COCH, FRNM

In The Past

InspireMD's stock fell -4.5% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 4.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About InspireMD (NSPR)

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InspireMD, Inc. (NSPR) is a medical device company that develops and commercializes innovative solutions for treating vascular and coronary diseases. At its core, the company utilizes a proprietary MicroNet stent platform technology, which forms the basis for its specialized medical devices.

The company's main product offerings include the CGuard carotid embolic prevention system, designed for use in carotid artery procedures to prevent embolic events, and the MGuard Prime embolic protection systems. MGuard Prime is specifically used for patients suffering from acute coronary syndromes, such as heart attacks, and in saphenous vein graft coronary interventions. InspireMD is also actively developing PVGuard, a new MicroNet mesh sleeve and self-expandable stent intended for peripheral vascular applications.

InspireMD serves a global market, with its products being commercialized across Europe, Latin America, the Middle East, and the Asia Pacific region. The company reaches its customer base, which consists primarily of medical professionals and institutions treating vascular and coronary conditions, by selling its specialized medical devices through a network of local distributors.

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AI Analysis | Feedback

Here are 1-3 brief analogies for InspireMD (NSPR):

  • Medtronic for embolic prevention stents.
  • Abbott Laboratories for specialized carotid and coronary stents.

AI Analysis | Feedback

  • CGuard carotid embolic prevention system: A medical device for preventing embolic events in carotid artery applications.
  • MGuard Prime embolic protection systems: Systems designed for embolic protection in patients with acute coronary syndromes and during bypass surgery.
  • PVGuard: A MicroNet mesh sleeve and self-expandable stent under development for peripheral vascular applications.

AI Analysis | Feedback

InspireMD (NSPR) primarily sells its products to other companies. Based on the provided company description, its major customers are local distributors operating in Europe, Latin America, the Middle East, and Asia Pacific.

The company description does not provide the specific names of these distributor companies.

AI Analysis | Feedback

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AI Analysis | Feedback

Marvin Slosman, Chief Executive Officer

Mr. Slosman has over 30 years of experience in the medical device industry, with focused leadership in commercialization and international market development in both public and privately held companies. Prior to joining InspireMD in January 2020, he served as a Business Consultant for Integra LifeSciences, overseeing commercial strategy and market development. He previously served as President of ITAMAR Medical, CEO of Ovalum Vascular, Ltd., a privately held medical device company, and CEO of Phormax Medical, Inc. Mr. Slosman has also held senior commercial leadership positions at Johnson & Johnson, GE Healthcare, and Baxter. His experience includes involvement in IPOs, multiple funding rounds, and M&A transactions.

Michael Lawless, Chief Financial Officer

Mr. Lawless has over two decades of financial leadership experience in the life sciences sector, with a strong track record of driving growth and operational excellence in public companies. Prior to joining InspireMD as Chief Financial Officer (effective on or prior to June 30, 2025), he served as CFO of Lifeward (formerly ReWalk Robotics), a publicly traded medical technology company. Previously, he was the CFO of the $200 million Life Sciences division at Brooks Automation, where he led financial operations and implemented strategies for operational improvements. He possesses deep expertise in capital markets, M&A, investor relations, and financial operations.

Shane Gleason, Chief Commercial Officer

Mr. Gleason brings over 20 years of experience in the medical device industry, having led clinical and commercial operations in both public and privately held companies. Before his promotion to Chief Commercial Officer, he served as InspireMD's General Manager of North America and Vice President of Global Marketing. Prior to joining InspireMD, he was the Vice President of Sales, Vascular Interventions at Surmodics, a medical device company.

Amir Kohen, EVP Finance & Regional Manager

Mr. Kohen has over 20 years of experience in financial and accounting management, including working with global listed companies in the US and Israel. Before joining InspireMD, he spent six years in various management roles at PwC. He holds an MBA in Financial Management.

Sonali Dewan, Vice President of Regulatory & Clinical Affairs and Quality Assurance

Ms. Dewan has over 20 years of global experience in the medical device industry, with leadership roles spanning Regulatory Affairs, Clinical Affairs, and Quality Assurance in both public and privately held companies. Prior to InspireMD, she served as Director of Regulatory Affairs at BlueRock Therapeutics, where she managed global regulatory strategy for drug-device combination products. She also held senior regulatory leadership positions at Medtronic, Johnson & Johnson, Boston Scientific, and St. Jude Medical.

AI Analysis | Feedback

<h3>Key Risks to InspireMD (NSPR)</h3> <ol> <li> <b>Financial Uncertainty and Need for Additional Capital:</b> InspireMD faces significant uncertainty regarding its ability to continue as a going concern due to a history of recurring losses and negative cash flows from operating activities. This financial instability could hinder its capacity to secure necessary additional capital under reasonable terms, impacting future operations and growth prospects.</li> <li> <b>Regulatory Approvals, Clinical Development, and Market Acceptance:</b> The company's success heavily depends on its ability to secure and maintain regulatory approvals for its existing and developing products, such as the CGuard Prime carotid embolic prevention system and PVGuard. Uncertainties surrounding clinical trial results, potential product delays, and the crucial need for market acceptance by healthcare professionals pose significant challenges to commercialization and revenue generation.</li> <li> <b>Intense Competition and Reimbursement Challenges:</b> InspireMD operates in a highly competitive medical device industry with much larger, multi-national companies. Furthermore, its ability to generate revenue is dependent on adequate reimbursement by governmental and other third-party payers for its products, which can be challenging to secure and maintain.</li> </ol>

AI Analysis | Feedback

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AI Analysis | Feedback

InspireMD (NASDAQ: NSPR) operates in several medical device markets, addressing vascular and coronary diseases. The addressable markets for its main products are as follows: * **CGuard Carotid Embolic Prevention System:** InspireMD estimates the addressable market for its CGuard Carotid Stent System and SwitchGuard NPS to be approximately **$1.3 billion globally**, with a potential to grow to $9.3 billion if expanded treatment options lead to increased patient screening. The broader global carotid artery disease market was valued at approximately $12.59 billion in 2025, projected to reach $16.68 billion by 2032. The global carotid artery stenosis therapeutics market was estimated at $5.2 billion in 2023 and is projected to reach $9.5 billion by 2030. In the U.S. alone, the carotid intervention market (CAS/TCAR) is estimated at $691 million in 2025. * **MGuard Prime Embolic Protection Systems:** This product targets patients with acute coronary syndromes, notably acute myocardial infarction, and saphenous vein graft coronary interventions. The global acute coronary syndrome market was valued at approximately **$9.86 billion in 2024**, projected to reach $13.3 billion by 2029. Other estimates place the global acute coronary syndrome therapeutics market at $9.9 billion in 2025, growing to $17 billion by 2034. For saphenous vein graft applications, the global saphenous vein grafts market size was valued at $1.97 billion in 2024 and is projected to reach $3.00 billion by 2032. The overall global embolic protection devices market, which MGuard Prime falls under, was valued at approximately $648.51 million in 2024 and is expected to increase to $1.16 billion by 2032. Another source estimates the embolic protection systems market size at $711.16 million in 2025, projected to reach $1,060.50 million by 2030. * **PVGuard (in development for peripheral vascular applications):** The global peripheral artery disease (PAD) market was valued at approximately **$5.11 billion in 2024** and is projected to grow at a CAGR of 7.5% from 2025 to 2034. The broader global peripheral vascular devices market, which includes PVGuard, was estimated at $10.44 billion in 2024 and is projected to reach $16.90 billion by 2033. This market is also estimated at $9.85 billion in 2024, expected to increase to $15.54 billion by 2032.

AI Analysis | Feedback

InspireMD (NSPR) is poised for future revenue growth over the next 2-3 years, driven by several key factors:

  1. U.S. Commercial Launch and Expansion of CGuard Prime: A significant driver of revenue growth is the commercial launch of the CGuard Prime carotid stent system in the U.S., which began in July 2025 following FDA premarket approval. The company has been strategically building a commercial and operational team to support this major market entry, aiming to establish CGuard Prime as a new standard for carotid intervention.
  2. Continued Growth in Existing International Markets: InspireMD expects to see ongoing revenue growth from its established markets in Europe, Latin America, the Middle East, and Asia Pacific. The company's CE Mark recertification in 2022 significantly contributed to growth in these OUS (Outside U.S.) markets. InspireMD's CGuard sales in existing markets have already demonstrated consistent increases, with record CGuard revenue reported in Q4 2023.
  3. Expansion into New International Markets: The company is actively pursuing a strategy of expanding its global distribution footprint by entering new international markets, particularly in the Asia Pacific region. This strategic geographic expansion contributes to increasing market access for its CGuard products.
  4. Development and Commercialization of New Products: InspireMD has a pipeline of new products beyond CGuard designed to broaden its portfolio, including those for neurovascular and peripheral indications like PVGuard (as mentioned in the background). The company is also progressing with pivotal studies for devices like the SwitchGuard TCAR, with its clearance and launch anticipated by 2027, signaling future product-driven revenue streams.
  5. Increasing Adoption and Market Share of CGuard/CGuard Prime: InspireMD aims to establish its MicroNet-based CGuard stent platform as the new standard of care for carotid artery disease. The growing body of clinical data and real-world evidence supporting the safety and efficacy of CGuard is expected to drive its adoption by physicians and increase market share globally.

AI Analysis | Feedback

Share Issuance

  • In July 2025, InspireMD raised approximately $58 million in combined gross proceeds from an equity private placement of $40.1 million and the exercise of warrants totaling $17.9 million, following FDA premarket approval for its CGuard Prime carotid stent system.
  • During the first quarter of 2021, the company completed an upsized underwritten public offering and other capital raising transactions, generating $35.1 million in net proceeds.
  • InspireMD regularly issues restricted stock and stock options as inducement grants to new employees and executives, including 40,513 restricted shares in October 2025, 138,442 restricted shares in February 2025, and 677,000 shares and options to its new CFO in June 2025.

Inbound Investments

  • A $40.1 million equity private placement in July 2025 was led by existing investors OrbiMed and Marshall Wace, with contributions from new and current investors, and InspireMD board members.

Capital Expenditures

  • Operating expenses in Q3 2025 increased by $5.0 million, primarily driven by higher headcount-related expenses and the establishment of a U.S. headquarters.
  • In Q2 2025, operating expenses rose by 55% to $13.3 million, largely due to increased headcount and the setup of the U.S. headquarters.

Better Bets vs. InspireMD (NSPR)

Peer Outperformance in Life Sciences Tools & Services

NSPR has trailed 61% of its 107 Life Sciences Tools & Services peers over 5Y. Life Sciences Tools & Services ranks 8th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Life Sciences Tools & Services constituents that NSPR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
18%
of 124 industry peers · -69.7% return
3Y
25%
of 113 industry peers · -80.9% return
5Y
39%
of 107 industry peers · -84.7% return
No Life Sciences Tools & Services peer with a comparable growth profile has beaten NSPR by more than 20pp over 5Y.
Median price return by industry across the Health Care sector, ranked by 5Y. Life Sciences Tools & Services is NSPR's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 7.6%56.6%93.6% CAH 498% · MCK 396% · COR 181%
Health Care Services 20 33.8%28.8%6.1% HIMS 189% · RDNT 125% · DGX 100%
Health Care Facilities 25 13.9%27.4%-1.4% THC 280% · NHC 210% · EHC 186%
Managed Health Care 8 47.9%1.6%-2.2% OSCR 95% · HQY 52% · ELV 10%
Health Care Equipment 50 11.0%17.8%-17.6% UFPT 355% · GKOS 286% · PLSE 127%
Pharmaceuticals 61 -12.9%10.6%-37.3% LQDA 977% · XERS 571% · KNSA 500%
Health Care Supplies 11 23.9%17.0%-40.1% LNTH 248% · HAE 66% · MMSI 29%
Life Sciences Tools & Services ← 108 -8.1%-18.9%-74.5% AXGN 255% · NTRA 214% · MEDP 181%
Biotechnology 364 -25.8%-36.1%-82.0% ELVN 1073% · TRVI 995% · DNTH 956%
Health Care Technology 21 -21.4%-50.4%-82.8% VEEV -3% · DOCS -51%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1How Low Can InspireMD Stock Really Go?10/17/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NSPRAATECCERSCOCHFRNMMedian
NameInspireMDAgilent .Alphatec Cerus Envoy Me.Freenome  
Mkt Price0.64172.007.862.137.0010.807.43
Mkt Cap0.148.51.20.4--0.8
Rev LTM117,3728402270-227
Op Inc LTM-541,639-26-2-24--24
FCF LTM-421,267-100-22--10
FCF 3Y Avg-311,257-71-3-22--22
CFO LTM-411,609613-22-3
CFO 3Y Avg-291,6305-1-21--1

Growth & Margins

NSPRAATECCERSCOCHFRNMMedian
NameInspireMDAgilent .Alphatec Cerus Envoy Me.Freenome  
Rev Chg LTM53.4%8.6%15.3%13.7%11.1%-13.7%
Rev Chg 3Y Avg28.0%2.0%23.2%13.8%0.4%-13.8%
Rev Chg Q-0.4%8.1%12.6%9.5%57.1%-9.5%
QoQ Delta Rev Chg LTM-0.1%1.9%3.0%2.3%11.6%-2.3%
Op Inc Chg LTM-26.6%13.5%65.3%74.0%-19.5%-13.5%
Op Inc Chg 3Y Avg-41.2%5.3%38.1%54.0%-20.1%-5.3%
Op Mgn LTM-494.0%22.2%-3.0%-1.1%-10,343.3%--3.0%
Op Mgn 3Y Avg-501.9%22.1%-12.4%-4.2%-9,221.1%--12.4%
QoQ Delta Op Mgn LTM-13.5%0.7%1.7%-0.4%1,067.8%-0.7%
CFO/Rev LTM-380.1%21.8%7.3%1.5%-9,624.2%-1.5%
CFO/Rev 3Y Avg-355.8%23.8%-0.6%-0.5%-8,907.8%--0.6%
FCF/Rev LTM-391.7%17.2%-1.2%0.2%-9,710.4%--1.2%
FCF/Rev 3Y Avg-372.4%18.3%-12.1%-1.9%-9,121.7%--12.1%

Valuation

NSPRAATECCERSCOCHFRNMMedian
NameInspireMDAgilent .Alphatec Cerus Envoy Me.Freenome  
Mkt Cap0.148.51.20.4--0.8
P/S5.06.61.51.9--3.5
P/Op Inc-1.029.6-48.4-173.9---24.7
P/EBIT-1.027.5-29.1-1,820.0---15.1
P/E-1.033.7-14.2-58.7---7.6
P/CFO-1.330.120.2122.8--25.2
Total Yield-96.9%3.6%-7.1%-1.7%---4.4%
Dividend Yield0.0%0.6%0.0%0.0%--0.0%
FCF Yield 3Y Avg-39.8%3.0%-8.5%-1.0%---4.8%
D/E0.10.10.50.2--0.1
Net D/E-0.50.00.40.0--0.0

Returns

NSPRAATECCERSCOCHFRNMMedian
NameInspireMDAgilent .Alphatec Cerus Envoy Me.Freenome  
1M Rtn22.0%1.6%-25.4%-9.0%7.7%-34.0%-3.7%
3M Rtn-11.2%21.9%-14.7%-8.2%7.7%-1.0%-4.6%
6M Rtn-44.7%45.5%1.4%-18.4%7.7%-17.0%-7.8%
12M Rtn-69.6%18.1%-60.1%46.9%7.7%-17.0%-4.6%
3Y Rtn-80.8%63.6%-23.8%25.3%7.7%-17.0%-4.6%
1M Excs Rtn26.2%3.2%-21.9%-5.5%9.1%-31.1%-1.2%
3M Excs Rtn-12.6%18.9%-14.7%-8.5%8.6%-2.2%-5.3%
6M Excs Rtn-49.5%40.7%-3.4%-23.2%3.0%-21.9%-12.7%
12M Excs Rtn-83.4%5.1%-73.2%33.4%-5.7%-31.0%-18.3%
3Y Excs Rtn-164.7%-13.3%-98.4%-31.2%-74.5%-102.9%-86.4%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Develops, manufactures and markets products for the treatment of carotid artery disease and other976  
CGuard™ embolic protection system (EPS)   54
MGuard Prime™ embolic protection system (EPS)   00
Total97654


Net Income by Segment
$ Mil202520242023
Develops, manufactures and markets products for the treatment of carotid artery disease and other-49-32-20
Total-49-32-20


Price Behavior

Price Behavior
Market Price$0.64 
Market Cap ($ Bil)0.1 
First Trading Date04/11/2011 
Distance from 52W High-70.3% 
   50 Days200 Days
DMA Price$0.64$1.05
DMA Trenddowndown
Distance from DMA-0.9%-39.2%
 3M1YR
Volatility107.4%75.9%
Downside Capture113.63177.28
Upside Capture153.0532.65
Correlation (S&P 500)15.6%17.2%
NSPR Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.110.531.160.670.860.32
Up Beta2.900.682.080.280.600.05
Down Beta-0.610.042.241.051.03-0.01
Up Capture-167%-156%-22%-37%-9%5%
Bmk +ve Days12182862130427
Stock +ve Days9173054102312
Down Capture379%310%180%174%149%105%
Bmk -ve Days10253664121325
Stock -ve Days13243267127374

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NSPR
NSPR-70.1%75.9%-1.27-
Sector ETF (XLV)29.2%16.9%1.3314.0%
Equity (SPY)9.5%13.6%0.4122.9%
Gold (GLD)3.6%28.7%0.1114.7%
Commodities (DBC)37.7%21.2%1.40-9.9%
Real Estate (VNQ)12.0%14.2%0.5513.0%
Bitcoin (BTCUSD)-20.8%43.3%-0.427.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NSPR
NSPR-30.8%73.4%-0.20-
Sector ETF (XLV)8.6%15.4%0.368.4%
Equity (SPY)11.3%17.3%0.4812.6%
Gold (GLD)17.5%19.1%0.743.4%
Commodities (DBC)8.0%19.6%0.29-2.5%
Real Estate (VNQ)1.2%18.9%-0.059.5%
Bitcoin (BTCUSD)5.9%51.5%0.296.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NSPR
NSPR-67.3%111.9%-0.49-
Sector ETF (XLV)12.2%16.8%0.605.3%
Equity (SPY)14.9%18.0%0.708.7%
Gold (GLD)12.0%16.5%0.594.0%
Commodities (DBC)7.6%18.1%0.335.0%
Real Estate (VNQ)5.7%20.7%0.234.3%
Bitcoin (BTCUSD)61.3%66.2%1.013.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 9302026260.1%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity84.7 Mil
Short % of Basic Shares0.1%

Earnings Returns History

Updated 9/21/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/4/2026-6.0%6.8%-17.9%
3/18/20260.0%0.0%-24.6%
11/4/2025-0.7%-23.3%-11.5%
8/5/2025-8.2%-3.4%-9.0%
5/9/20250.0%-8.8%-7.7%
3/12/20250.7%0.4%-6.8%
8/6/20240.7%-4.1%-10.5%
5/14/2024-0.7%-5.0%9.2%
...
SUMMARY STATS   
# Positive889
# Negative141413
Median Positive0.3%2.3%9.2%
Median Negative-3.5%-6.6%-11.5%
Max Positive4.4%6.8%29.5%
Max Negative-14.8%-23.3%-24.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/4/2026-6.0%6.8%-17.9%
3/18/20260.0%0.0%-24.6%
11/4/2025-0.7%-23.3%-11.5%
8/5/2025-8.2%-3.4%-9.0%
5/9/20250.0%-8.8%-7.7%
3/12/20250.7%0.4%-6.8%
8/6/20240.7%-4.1%-10.5%
5/14/2024-0.7%-5.0%9.2%
3/6/2024-3.8%-6.5%-12.9%
11/6/2023-3.0%-8.9%-23.1%
8/8/20230.0%1.3%12.9%
5/16/2023-8.7%3.3%8.2%
3/30/2023-7.8%-0.9%-9.6%
11/8/2022-14.8%-12.5%12.0%
8/11/20220.0%-1.6%-6.7%
5/10/20222.1%5.2%2.4%
3/8/2022-1.3%-6.7%24.3%
11/9/2021-1.2%-7.7%-14.7%
8/10/2021-1.8%-7.1%8.6%
5/11/20214.4%-3.2%29.5%
3/10/2021-8.2%3.7%-19.9%
11/9/2020-3.1%0.3%4.3%
SUMMARY STATS   
# Positive889
# Negative141413
Median Positive0.3%2.3%9.2%
Median Negative-3.5%-6.6%-11.5%
Max Positive4.4%6.8%29.5%
Max Negative-14.8%-23.3%-24.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/07/202610-Q
12/31/202503/18/202610-K
09/30/202511/10/202510-Q
06/30/202508/04/202510-Q
03/31/202505/08/202510-Q
12/31/202403/12/202510-K
09/30/202411/12/202410-Q
06/30/202408/05/202410-Q
03/31/202405/13/202410-Q
12/31/202303/05/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/15/202310-Q
12/31/202203/30/202310-K
09/30/202211/07/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/07/202610-Q
12/31/202503/18/202610-K
09/30/202511/10/202510-Q
06/30/202508/04/202510-Q
03/31/202505/08/202510-Q
12/31/202403/12/202510-K
09/30/202411/12/202410-Q
06/30/202408/05/202410-Q
03/31/202405/13/202410-Q
12/31/202303/05/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/15/202310-Q
12/31/202203/30/202310-K
09/30/202211/07/202210-Q
06/30/202208/08/202210-Q
03/31/202205/09/202210-Q
12/31/202103/07/202210-K
09/30/202111/08/202110-Q
06/30/202108/09/202110-Q
03/31/202105/10/202110-Q
12/31/202003/08/202110-K
09/30/202011/09/202010-Q
06/30/202008/05/202010-Q
03/31/202005/11/202010-Q
12/31/201903/10/202010-K
09/30/201911/12/201910-Q

Recent Forward Guidance

Updated 11/2/2026

Latest: Q2 2026 Earnings Reported 8/17/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Annual Cost SavingsReported 9.00 Mil    


Prior: Q1 2026 Earnings Reported 5/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Reserve for customer returnsReported 0.70 Mil    
2026 Reserve for inventory impairment and remediation costsReported 0.65 Mil    

Insider Activity

Updated 9/23/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Stuka, PaulDirectBuy52920260.8820,00017,500584,387Form
2Gleason, Shane ThomasChief Commercial OfficerDirectSell52120261.0122,77823,0061,064,421Form
3Gleason, Shane ThomasChief Commercial OfficerDirectSell52120261.592,9414,6761,711,889Form
4Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.517,18618,0372,709,799Form
5Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.513,7609,4382,727,835Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Stuka, PaulDirectBuy52920260.8820,00017,500584,387Form
2Gleason, Shane ThomasChief Commercial OfficerDirectSell52120261.0122,77823,0061,064,421Form
3Gleason, Shane ThomasChief Commercial OfficerDirectSell52120261.592,9414,6761,711,889Form
4Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.517,18618,0372,709,799Form
5Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.513,7609,4382,727,835Form
6Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.511,5723,9462,737,273Form
7Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.512,4826,2302,741,219Form
8Gleason, Shane ThomasChief Commercial OfficerDirectSell52120263.6510,00036,5003,995,294Form
9Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.465,13212,6252,717,318Form
10Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.517,07317,7532,785,430Form
11Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.559,92325,3042,847,855Form
12Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.512,4546,1602,828,090Form
13Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.463,6609,0042,777,790Form
14Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.612,4766,4622,956,720Form
15Gleason, Shane ThomasChief Commercial OfficerDirectSell52120262.713,85810,4553,076,714Form
16Stuka, PaulDirectBuy51520261.155,0005,750745,052Form
17Stuka, PaulDirectBuy51520261.1610,00011,575744,123Form
18Stuka, PaulDirectBuy51220261.1910,00011,900753,116Form
19Stuka, PaulDirectBuy51220261.1665,62676,126722,530Form
20Ward, Scott RDirectBuy50820261.1573,25584,243272,660Form
21Stuka, PaulDirectBuy50820261.156,3787,335611,339Form
22Roubin, Gary SDirectBuy50820261.1890,000106,200984,684Form
23Ward, Scott RDirectBuy50820261.1515,99518,394188,417Form
24Stuka, PaulDirectBuy50820261.121,5171,699588,248Form
25Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.602,0003,2081,827,240Form
26Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.632,9004,7301,861,260Form
27Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.655,0008,2501,887,727Form
28Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.6512,39520,4641,897,126Form
29Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.664,7817,9561,932,689Form
30Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.578,41113,2391,835,682Form
31Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.6217,59328,5531,906,480Form
32Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.592,9554,7101,900,458Form
33Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.612,2503,6271,926,682Form
34Gleason, Shane ThomasChief Commercial OfficerDirectSell20220261.582,9094,5931,890,792Form
35Stuka, PaulDirectBuy121120251.815,0739,182708,847Form
36Stuka, PaulDirectBuy120820251.865,0739,436723,387Form
37Stuka, PaulDirectBuy120520251.8510,13018,740710,113Form
38Stuka, PaulDirectBuy111320251.6213,43121,758605,418Form
Core Cache Last Updated: 11/5/2026