The stock price of Inseego Corp (NASDAQ: INSG) has dropped by -8.41 compared to previous close of 0.24. Despite this, the company has seen a fall of -13.57% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-02 that Inseego Corp. (NASDAQ:INSG ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Ashish Sharma – Chief Executive Officer Steven Gatoff – Chief Financial Officer Conference Call Participants Lance Vitanza – Cowen & Company Jeremy Kwan – Stifel Operator Hello and welcome to Inseego Corp.’s Third Quarter 2023 Financial Results Conference Call. Please note that today’s event is being recorded.
Is It Worth Investing in Inseego Corp (NASDAQ: INSG) Right Now?
The 36-month beta value for INSG is also noteworthy at 1.25. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for INSG is $1.00, which is $0.78 above than the current price. The public float for INSG is 93.34M, and at present, short sellers hold a 6.61% of that float. The average trading volume of INSG on November 21, 2023 was 644.07K shares.
INSG’s Market Performance
INSG stock saw a decrease of -13.57% in the past week, with a monthly decline of -38.62% and a quarterly a decrease of -65.06%. The volatility ratio for the week is 9.24%, and the volatility levels for the last 30 days are 12.86% for Inseego Corp (INSG). The simple moving average for the past 20 days is -33.68% for INSG’s stock, with a -67.48% simple moving average for the past 200 days.
Analysts’ Opinion of INSG
Many brokerage firms have already submitted their reports for INSG stocks, with Stifel repeating the rating for INSG by listing it as a “Hold.” The predicted price for INSG in the upcoming period, according to Stifel is $2.50 based on the research report published on May 13, 2022 of the previous year 2022.
INSG Trading at -42.58% 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 -84.96% of loss for the given period.
Volatility was left at 12.86%, however, over the last 30 days, the volatility rate increased by 9.24%, as shares sank -37.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.71% lower at present.
During the last 5 trading sessions, INSG fell by -13.57%, which changed the moving average for the period of 200-days by -81.64% in comparison to the 20-day moving average, which settled at $0.3200. In addition, Inseego Corp saw -74.29% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for INSG
Current profitability levels for the company are sitting at:
- -22.38 for the present operating margin
- +26.56 for the gross margin
The net margin for Inseego Corp stands at -27.71. The total capital return value is set at -44.50, while invested capital returns managed to touch -56.35.
When we switch over and look at the enterprise to sales, we see a ratio of 0.94, with the company’s debt to enterprise value settled at 0.68. The receivables turnover for the company is 7.36 and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
In summary, Inseego Corp (INSG) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.