Inseego Corp. (NASDAQ:INSG) went down by -6.81% from its latest closing price compared to the recent 1-year high of $21.93. The company’s stock price has collected -11.43% of loss in the last five trading sessions. Press Release reported on 02/24/21 that Inseego Announces Sale of Ctrack South Africa Operations
Is It Worth Investing in Inseego Corp. (NASDAQ :INSG) Right Now?
Plus, the 36-month beta value for INSG is at 1.69. Opinions of the stock are interesting as 4 analysts out of 6 who provided ratings for Inseego Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $14.25, which is -$0.4 below the current price. INSG currently public float of 73.90M and currently shorts hold a 25.52% ratio of that float. Today, the average trading volume of INSG was 4.28M shares.
INSG’s Market Performance
INSG stocks went down by -11.43% for the week, with a monthly drop of -26.01% and a quarterly performance of 60.64%, while its annual performance rate touched 99.86%. The volatility ratio for the week stands at 7.68% while the volatility levels for the past 30 days are set at 7.63% for Inseego Corp.. The simple moving average for the period of the last 20 days is -19.74% for INSG stocks with a simple moving average of 19.99% for the last 200 days.
Analysts’ Opinion of INSG
Northland Capital, on the other hand, stated in their research note that they expect to see INSG reach a price target of $11. The rating they have provided for INSG stocks is “Market Perform” according to the report published on August 06th, 2020.
Stifel gave a rating of “Buy” to INSG, setting the target price at $13 in the report published on June 25th of the previous year.
INSG Trading at -12.60% from the 50-Day Moving Average
After a stumble in the market that brought INSG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.20% of loss for the given period.
Volatility was left at 7.63%, however, over the last 30 days, the volatility rate increased by 7.68%, as shares sank -24.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.51% upper at present.
During the last 5 trading sessions, INSG fell by -11.43%, which changed the moving average for the period of 200-days by +30.92% in comparison to the 20-day moving average, which settled at $18.01. In addition, Inseego Corp. saw -5.30% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at INSG starting from Kahn Doug, who sale 5,209 shares at the price of $18.30 back on Feb 16. After this action, Kahn Doug now owns 8,279 shares of Inseego Corp., valued at $95,325 using the latest closing price.
Mondor Dan, the Chairman and CEO of Inseego Corp., sale 75,000 shares at $19.02 during a trade that took place back on Feb 11, which means that Mondor Dan is holding 156,488 shares at $1,426,500 based on the most recent closing price.
Stock Fundamentals for INSG
Current profitability levels for the company are sitting at:
- -8.88 for the present operating margin
- +27.59 for the gross margin
The net margin for Inseego Corp. stands at -18.28. The total capital return value is set at -17.86, while invested capital returns managed to touch -37.37. Equity return is now at value 581.30, with -59.10 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 3.25, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 10.90 and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.