Las Vegas, NV -- (SBWIRE) -- 01/30/2013 -- InspireMD Inc (OTC:NSPRD) fell 4.23 percent in its last trading session to close at $3.40. The traded volume remained modestly lower at 5,600 shares for the day as compared to its average volume of 18,753 shares per day.
If we look at the price history, the share price touched it’s highest of $4.75 in last one year while its lowest stands at $3.10. The share price moved jumped to highest level in December, 2012 creating new support and resistance levels when Inspire MD announced the reverse stock split of 1 for 4 on December 20th, 2012. At that time the stock was trading at $0.84.
This can be established that stock price after the stock split was calculated by multiplying the current market price with 4.
Before the stock split the share price highest in last 52 weeks stood at $2.45, if we consider that as the highest then the share price has the potential to reach $9.8. But again this calculation is based on an assumption. It is expected that company will soon be able to create strong fundamental reasons to boost its share price.
To find out what OTCMAGIC projects for InspireMD Inc for both short term and long term please click here: NSPRD
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