INSG has 36-month beta value of 1.25. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for INSG is 9.51M, and currently, short sellers hold a 8.42% ratio of that float. The average trading volume of INSG on May 06, 2024 was 99.02K shares.
INSG) stock’s latest price update
The stock price of Inseego Corp (NASDAQ: INSG) has dropped by -8.73 compared to previous close of 4.01. Despite this, the company has seen a fall of -4.94% in its stock price over the last five trading days. Business Wire reported 2024-04-15 that SAN DIEGO–(BUSINESS WIRE)—- $insg #Insgq1–Inseego Corp. (Nasdaq: INSG), a technology leader in 5G and 4G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today announced that the company will release its financial results for the first quarter of 2024, ended March 31, 2024, after the financial markets close on May 9, 2024. The quarterly financial statements and earnings press release will be made available at www.inseego.com and will be filed under Inseego’s.
INSG’s Market Performance
Inseego Corp (INSG) has seen a -4.94% fall in stock performance for the week, with a 37.08% gain in the past month and a 57.08% surge in the past quarter. The volatility ratio for the week is 11.35%, and the volatility levels for the past 30 days are at 10.45% for INSG. The simple moving average for the past 20 days is 21.11% for INSG’s stock, with a 0.12% 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.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see INSG reach a price target of $7, previously predicting the price at $8. The rating they have provided for INSG stocks is “Buy” according to the report published on March 02nd, 2022.
Stifel gave a rating of “Hold” to INSG, setting the target price at $13 in the report published on March 02nd of the previous year.
INSG Trading at 25.22% 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 -70.24% of loss for the given period.
Volatility was left at 10.45%, however, over the last 30 days, the volatility rate increased by 11.35%, as shares surge +43.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.58% upper at present.
During the last 5 trading sessions, INSG fell by -4.94%, which changed the moving average for the period of 200-days by -55.37% in comparison to the 20-day moving average, which settled at $3.08. In addition, Inseego Corp saw 66.52% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for INSG
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.24 for the gross margin
The net margin for Inseego Corp stands at -0.24. The total capital return value is set at -0.13.
Based on Inseego Corp (INSG), the company’s capital structure generated 2.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at -1.62. The interest coverage ratio of the stock is -9.07.
Currently, EBITDA for the company is -8.52 million with net debt to EBITDA at -13.49. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The receivables turnover for the company is 7.42for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
To put it simply, Inseego Corp (INSG) has had a mixed performance in recent times. Analysts have a bullish 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.
