The stock of Inogen Inc (INGN) has gone up by 18.16% for the week, with a 25.34% rise in the past month and a 49.73% rise in the past quarter. The volatility ratio for the week is 6.37%, and the volatility levels for the past 30 days are 5.94% for INGN. The simple moving average for the past 20 days is 19.67% for INGN’s stock, with a 53.77% simple moving average for the past 200 days.
Is It Worth Investing in Inogen Inc (NASDAQ: INGN) Right Now?
The 36-month beta value for INGN is at 1.05. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for INGN is 23.20M, and currently, shorts hold a 6.32% of that float. The average trading volume for INGN on August 07, 2024 was 200.12K shares.
INGN) stock’s latest price update
Inogen Inc (NASDAQ: INGN)’s stock price has gone rise by 34.11 in comparison to its previous close of 8.15, however, the company has experienced a 18.16% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-08-06 that Inogen, Inc. (NASDAQ:INGN ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Ryan Peterson – IR Kevin Smith – President and CEO Mike Bourque – CFO Conference Call Participants Lilia-Celine Lozada – JPMorgan James Beer – William Blair Colin Clark – Stifel Michael Matson – Needham & Company Operator Welcome to Inogen’s Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded today, August 6, 2024.
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 28.06% 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 able to rebound, for now settling with 2.73% of gains for the given period.
Volatility was left at 5.94%, however, over the last 30 days, the volatility rate increased by 6.37%, as shares surge +27.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.42% upper at present.
During the last 5 trading sessions, INGN rose by +16.59%, which changed the moving average for the period of 200-days by +133.44% in comparison to the 20-day moving average, which settled at $9.25. In addition, Inogen Inc saw 99.09% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INGN starting from Somer Jason, who sale 10,000 shares at the price of $8.56 back on May 10 ’24. After this action, Somer Jason now owns 4,452 shares of Inogen Inc, valued at $85,600 using the latest closing price.
Stock Fundamentals for INGN
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.42 for the gross margin
The net margin for Inogen Inc stands at -0.28. The total capital return value is set at -0.39. Equity return is now at value -39.99, with -27.06 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 -0.27. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -51.95.
Currently, EBITDA for the company is -46.23 million with net debt to EBITDA at 7.13. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. The receivables turnover for the company is 9.06for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.70.
Conclusion
In conclusion, Inogen Inc (INGN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
