Inogen Inc (NASDAQ: INGN)’s stock price has gone decline by -8.09 in comparison to its previous close of 7.05, however, the company has experienced a -8.60% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that Expanding product portfolio and high prospects for POC raise optimism for Inogen (INGN) stock.
Is It Worth Investing in Inogen Inc (NASDAQ: INGN) Right Now?
INGN has 36-month beta value of 1.09. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for INGN is 22.96M, and currently, short sellers hold a 7.93% ratio of that float. The average trading volume of INGN on April 26, 2024 was 538.19K shares.
INGN’s Market Performance
INGN stock saw a decrease of -8.60% in the past week, with a monthly decline of -16.28% and a quarterly a decrease of 14.89%. The volatility ratio for the week is 6.56%, and the volatility levels for the last 30 days are 7.15% for Inogen Inc (INGN). The simple moving average for the past 20 days is -8.91% for INGN’s stock, with a 0.79% simple moving average for the past 200 days.
Analysts’ Opinion of INGN
JP Morgan, on the other hand, stated in their research note that they expect to see INGN reach a price target of $8, previously predicting the price at $15. The rating they have provided for INGN stocks is “Neutral” according to the report published on August 08th, 2023.
INGN Trading at -13.73% from the 50-Day Moving Average
After a stumble in the market that brought INGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.04% of loss for the given period.
Volatility was left at 7.15%, however, over the last 30 days, the volatility rate increased by 6.56%, as shares sank -18.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.90% lower at present.
During the last 5 trading sessions, INGN fell by -8.60%, which changed the moving average for the period of 200-days by -37.81% in comparison to the 20-day moving average, which settled at $7.04. In addition, Inogen Inc saw 18.03% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for INGN
Current profitability levels for the company are sitting at:
- -0.33 for the present operating margin
- 0.4 for the gross margin
The net margin for Inogen Inc stands at -0.32. The total capital return value is set at -0.4. Equity return is now at value -40.80, with -28.02 for asset returns.
Based on Inogen Inc (INGN), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 58.28.
Currently, EBITDA for the company is -46.23 million with net debt to EBITDA at 5.53. When we switch over and look at the enterprise to sales, we see a ratio of 0.16. The receivables turnover for the company is 7.36for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.86.
Conclusion
To put it simply, Inogen Inc (INGN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
