Home Equities Score Here is why InspireMD Inc (NSPR) Stock facing negativity since last week?

Here is why InspireMD Inc (NSPR) Stock facing negativity since last week?

InspireMD Inc. (NSPR) shares lost 4.65% on Friday. NSPR shares have declined 46.05% over the last 12 months, and they have moved down by -33.05% in the past week. Over the past three months, the stock has lost -37.40%, while over the past six months, it has added 27.25%.

Let’s have a look at its recent developments

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Major changes of NSPR common stock

On April 14, 2021, InspireMD, Inc. announced major changes for its common stock in a special meeting of the stockholders and performed a 1-for-15 reverse split of its common stock, effective as of April 26, 2021.

The NSPR stock will trade on the NYSE American on a split-adjusted basis from April 27, 2021. The reverse stock split will reduce the number of common stock shares.

Recent financial results

On March 09, 2021, InspireMD, Inc announced financial results for the fourth quarter and the year ended December 31, 2020.

Q4 2020 financial highlights

  • For Q42020, revenue was$158,000, compared to $1,013,000 during the three months ended December 31, 2019.
  • For the three months ended December 31, 2020, gross profit was a negative $390,000, compared to $259,000 during the same quarter in 2019.
  • Total operating expenses for the reported quarter were $3,328,000, compared to $2,765,000 for the same period in 2019.
  • NSPR financial expenses were $131,000 for Q4 2020 compared to $27,000 during the three months ended December 31, 2019.
  • NSPR suffered a net loss of $3,853,000, or $0.10 per basic and diluted share in Q4 2020 compared to a net loss of $2,557,000, or $0.57 per basic and diluted share, for the same period in 2019.

Full-year 2020 financial highlights

  • InspireMD revenue decreased to $2,485,000 for FY 2020, from $3,721,000 during the twelve months ended December 31, 2019.
  • For the twelve months ended December 31, 2020, gross profit was $83,000, compared to $756,000 for the prior year.
  • For FY 2020 total operating expenses were $10,463,000compared to $10,572,000 for the same period in 2019.
  • NSPR spent $160,000 in financial expenses in FY 2020 compared to $200,000 for the same period in 2019.
  • The company suffered a net loss of $10,544,000, or $0.46 per basic and diluted share in FY 2020, compared to a net loss of $10,040,000, or $4.80 per basic and diluted share, for the same period in 2019.
  • InspireMD had cash and cash equivalents of $12,645,000 at decemebt 31, 2020, compared to $5,514,000 as of December 31, 2019.

Conclusion

NSPR past performance is not satisfactory and the recent major changes to its common stock also impacting its stock price in the market. We can hope for a positive trend at the start of the new week which is very unlikely.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Adial Pharmaceuticals Inc. (ADIL) stock plunged during pre-market trading. Here’s to know why?

Adial Pharmaceuticals Inc. (NASDAQ: ADIL) stock gained by 9.06% at last close while the ADIL share price fell by 6.07% in the pre-market trading...

Why AbCellera Biologics Inc. (ABCL) stock faced negativity on Tuesday?

AbCellera Biologics Inc. (ABCL) shares lost 2.13% in after-hours on Tuesday, June 22, 2021, and closed the day at $21.60 per share. Earlier, ABCL's...

Biocept Inc. (BIOC) stock surged during current market trading. Why is it so?

Biocept Inc. (NASDAQ: BIOC) stock gained by 3.13% in the current market trading. Biocept creates and sells molecular diagnostic tests that offer doctors with...

Comstock Mining Inc. (LODE) stock soar during pre-market trading. What’s happening?

Comstock Mining Inc. (NASDAQ: LODE) stock gained by 1.14% at last close while the LODE stock price surged by 3.10% in the pre-market trading...

Why MediciNova Inc (MNOV) stock facing negativity since Monday’s after-hours?

MediciNova Inc. (MNOV) shares lost 5.71% in after-hours on Monday, June 21, 2021, and the plummeting continues in the pre-market session on Tuesday as...

Tiziana Life Sciences Inc. (TLSA) stock surged during pre-market. Let’s see why?

Tiziana Life Sciences Inc. (NASDAQ: TLSA) stock declined by 2.54% at last close however the TLSA stock price depicts a rise of 8.26% during...

Adial Pharmaceuticals Inc. (ADIL) stock plunged during pre-market trading. Here’s to know why?

Adial Pharmaceuticals Inc. (NASDAQ: ADIL) stock gained by 9.06% at last close while the ADIL share price fell by 6.07% in the pre-market trading...

Histogen Inc. (HSTO) stock plunged during pre-market trading. What’s driving it low?

Histogen Inc. (NASDAQ: HSTO) stock gained by 16.16% at last close whereas the HSTO stock price declines by 2.73% in the pre-market trading. Histogen...

Related News

Tiziana Life Sciences Inc. (TLSA) stock surged during pre-market. Let’s see why?

Tiziana Life Sciences Inc. (NASDAQ: TLSA) stock declined by 2.54% at last close however the TLSA stock price depicts a rise of 8.26% during...

Pyxis Tankers Inc. (PXS) stock fell during pre-market trading. Why so?

Pyxis Tankers Inc. (NASDAQ: PXS) stock declined by 0.06% at the last close while the PXS stock price plunged by 6.15% in the pre-market...

Globalstar Inc. (NASDAQ: GSAT) stock surged during after-hour session. Here’s the update:

Globalstar Inc. (NASDAQ: GSAT) stock gained by 23.18% at last close while the GSAT stock price rises by 4.3% in the after-hours session. Globalstar...

Millendo Therapeutics Inc. (MLND) stock plunged during after-hour session. Here’s to know why?

Millendo Therapeutics Inc. (NASDAQ: MLND) stock gained by 3.76% at the last close while the MLND stock price declines by 13.04% in the after-hours...

Bio-Path Holdings Inc. (BPTH) stock gains during current market trading. Here’s to know why?

Bio-Path Holdings Inc. (NASDAQ: BPTH) stock surged by 8.76% in the current market trading. Bio-Path is a biotech firm working on DNAbilize, a new...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

7542

GIFT

Download free eBook for 

7 GROWTH  STOCKS FOR 2021

WAIT 
WE HAVE GIFT FOR YOU

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam