The stock of Inseego Corp (INSG) has gone down by -33.06% for the week, with a -40.97% drop in the past month and a -7.10% drop in the past quarter. The volatility ratio for the week is 9.58%, and the volatility levels for the past 30 days are 6.76% for INSG. The simple moving average for the last 20 days is -39.53% for INSG stock, with a simple moving average of 15.86% for the last 200 days.
Is It Worth Investing in Inseego Corp (NASDAQ: INSG) Right Now?
The 36-month beta value for INSG is also noteworthy at 1.59. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for INSG is 11.63M, and at present, short sellers hold a 10.68% of that float. The average trading volume of INSG on November 13, 2024 was 198.49K shares.
INSG) stock’s latest price update
Inseego Corp (NASDAQ: INSG)’s stock price has decreased by -39.99 compared to its previous closing price of 18.16. However, the company has seen a -33.06% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that Inseego Corp. (NASDAQ:INSG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Phil Brace – Executive Chairman Steven Gatoff – CFO Conference Call Participants Scott Searle – ROTH Capital Lance Vitanza – TD Cowen Jeremy Kwan – Stifel Nicolaus Operator Good afternoon everyone. Welcome to Inseego Corp’s Third Quarter 2024 Financial Results Conference Call.
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 -38.05% 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 -47.27% of loss for the given period.
Volatility was left at 6.76%, however, over the last 30 days, the volatility rate increased by 9.58%, as shares sank -42.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.01% lower at present.
During the last 5 trading sessions, INSG fell by -30.60%, which changed the moving average for the period of 200-days by +395.54% in comparison to the 20-day moving average, which settled at $18.04. In addition, Inseego Corp saw 395.78% 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:
- -0.12 for the present operating margin
- 0.22 for the gross margin
The net margin for Inseego Corp stands at -0.21. The total capital return value is set at 0.26.
Based on Inseego Corp (INSG), the company’s capital structure generated 2.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at -1.68. The interest coverage ratio of the stock is -2.57.
Currently, EBITDA for the company is -13.71 million with net debt to EBITDA at -14.39. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 8.13for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.39.
Conclusion
In summary, Inseego Corp (INSG) has had a mixed performance as of late. Analysts have bullish 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.
