IINN Stock Summary and Trading Ideas (Inspira Technologies Oxy B.H.N. Ltd. - | NASDAQ:IINN)

Inspira Technologies Oxy BHN Ltd is a specialty medical device company engaged in the research, development, manufacture, and marketing of proprietary respiratory support technology that is intended to provide an alternative to invasive mechanical ventilation (MV), which is the standard of care today for the treatment of respiratory failure. The respiratory care devices market is segmented geographically into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Inspira Technologies Oxy B.H.N. Ltd. - trades on the NASDAQ stock market under the symbol IINN.

As of June 25, 2024, IINN stock price climbed to $1.38 with 27,504 million shares trading.

IINN has a beta of 0.63, meaning it tends to be less sensitive to market movements. IINN has a correlation of 0.01 to the broad based SPY ETF.

IINN has a market cap of $23.98 million. This is considered a Sub-Micro Cap stock.

IINN has underperformed the market in the last year with a price return of -3.5% while the SPY ETF gained +27.3%. IINN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.7% and -31.7%, respectively, while the SPY returned +4.9% and +2.0%, respectively.

IINN support price is $1.26 and resistance is $1.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IINN stock will trade within this expected range on the day.