Millennium Management LLC recently announced the acquisition of new stake in Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN). The institutional investor has increased its shareholding in the Healthcare company by 263.98% to 59248.0 shares with purchase of 42970.0 shares. This fresh investment now brings its stake to 0.56% valued currently at $76430.0. In addition, Citadel Securities LLC raised its holdings by 44682.0 to 44682.0 shares.
With over 2.95 million Inspira Technologies Oxy B.H.N. Ltd. (IINN) shares trading Monday and a closing price of $1.87 on the day, the dollar volume was approximately $5.51 million. The shares have shown a negative half year performance of -0.53% and its price on 01/23/23 gained nearly 49.60%. Currently, there are 7.80M common shares owned by the public and among those 7.40M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for IINN have a consensus price objective of $10.00. The analysts have set the share’s price value over the next 12 months at a high of $10.00 and a low of $10.00. The average price target is 67.81% above its recent price level and an upside to the estimated low will see the stock gain 81.3% over that period. But an upside of 81.3% will see the stock hit the forecast high price target while median target price for the stock is $10.00.
Fidelity Nasdaq Composite Index F owns 2924.0 shares of the company’s stock, all valued at over $3772.0.
Shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN) opened at $1.24, down -$0.01 from a prior closing price of $1.25. However, the script later moved the day high at 1.9000, up 49.60%. The company’s stock has a 5-day price change of 44.96% and 42.75% over the past three months. IINN shares are trading 44.96% year to date (YTD), with the 12-month market performance down to -31.25% lower. It has a 12-month low price of $0.98 and touched a high of $3.54 over the same period. IINN has an average intraday trading volume of 99.08K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 47.59%, 54.48%, and 15.78% respectively.
Institutional ownership of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN) shares accounts for 2.50% of the company’s 7.80M shares outstanding. Mutual fund holders own 0.03%, while other institutional holders and individual stakeholders account for 2.35% and — respectively.
It has a market capitalization of $18.85M. The earnings-per-share (ttm) stands at -$2.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.17% over the week and 10.66% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Inspira Technologies Oxy B.H.N. Ltd. (IINN) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”