Why Are Inspired (INSE) Shares Soaring Today
Stock Story
Published Apr 15, 2024 11:08AM ET
Updated Apr 15, 2024 11:31AM ET
Why Are Inspired (INSE) Shares Soaring Today
What Happened:Shares of gaming company Inspired (NASDAQ:INSE) jumped 11.4% in the morning session after the company reported fourth quarter results that blew past analysts' revenue expectations, led by strong performance in its Gaming segment. On the other hand, its EPS and operating margin fell short of Wall Street's estimates. Overall, this was a mixed quarter for Inspired Entertainment, but the market seems to be rewarding the company for its top-line performance.
Is now the time to buy Inspired? Find out by reading the original article on StockStory.
What is the market telling us:Inspired's shares are somewhat volatile and over the last year have had 20 moves greater than 5%. But moves this big are very rare even for Inspired and that is indicating to us that this news had a significant impact on the market's perception of the business.
Inspired is up 5.5% since the beginning of the year, but at $10.27 per share it is still trading 34.5% below its 52-week high of $15.69 from June 2023. Investors who bought $1,000 worth of Inspired's shares 5 years ago would now be looking at an investment worth $1,451.
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Written By: Stock Story
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