In the past week, INSG stock has gone up by 3.57%, with a monthly gain of 28.49% and a quarterly plunge of -25.16%. The volatility ratio for the week is 6.89%, and the volatility levels for the last 30 days are 6.28% for Inseego Corp The simple moving average for the past 20 days is 11.65% for INSG’s stock, with a 12.98% simple moving average for the past 200 days.
Is It Worth Investing in Inseego Corp (NASDAQ: INSG) Right Now?
Company’s 36-month beta value is 1.61.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for INSG is 14.18M, and currently, short sellers hold a 6.99% ratio of that floaft. The average trading volume of INSG on February 13, 2025 was 183.65K shares.
INSG) stock’s latest price update
Inseego Corp (NASDAQ: INSG)’s stock price has soared by 7.24 in relation to previous closing price of 12.70. Nevertheless, the company has seen a gain of 3.57% in its stock price over the last five trading days. globenewswire.com reported 2025-02-05 that Jeff Tuder appointed independent Chairman of the Board Phil Brace assumes CEO role at Skyworks Solutions and steps off Board of Directors following successful overhaul of the Company and appointment of new Inseego CEO Juho Sarvikas SAN DIEGO, Feb. 05, 2025 (GLOBE NEWSWIRE) — Inseego Corp. (Nasdaq: INSG) (“Inseego” or the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced that Phil Brace is stepping down from his role as Executive Chairman of the Company’s Board of Directors, effective immediately, in order to serve as CEO and board member of Skyworks Solutions, Inc. (Nasdaq: SWKS), a S&P 500 company. Under Brace’s leadership, Inseego completed a major overhaul of the Company’s capital structure to reduce total debt and improve the Company’s liquidity, successfully divested its non-core international telematics business, and strengthened the Company’s management team with a number of key executive and functional hires, capped-off with the addition of Juho Sarvikas as the Company’s new Chief Executive Officer last month.
Analysts’ Opinion of INSG
Many brokerage firms have already submitted their reports for INSG stocks, with ROTH MKM repeating the rating for INSG by listing it as a “Buy.” The predicted price for INSG in the upcoming period, according to ROTH MKM is $15 based on the research report published on November 14, 2024 of the previous year 2024.
Stifel, on the other hand, stated in their research note that they expect to see INSG reach a price target of $2.50. The rating they have provided for INSG stocks is “Hold” according to the report published on May 13th, 2022.
Canaccord Genuity gave a rating of “Buy” to INSG, setting the target price at $7 in the report published on March 02nd of the previous year.
INSG Trading at 18.63% 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 -34.09% of loss for the given period.
Volatility was left at 6.28%, however, over the last 30 days, the volatility rate increased by 6.89%, as shares surge +28.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.69% upper at present.
During the last 5 trading sessions, INSG rose by +3.57%, which changed the moving average for the period of 200-days by +285.84% in comparison to the 20-day moving average, which settled at $12.20. In addition, Inseego Corp saw 32.75% 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 INSG starting from BRACE PHILIP G, who purchase 10,000 shares at the price of $12.40 back on Nov 15 ’24. After this action, BRACE PHILIP G now owns 177,763 shares of Inseego Corp, valued at $124,000 using the latest closing price.
Stock Fundamentals for INSG
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.32 for the gross margin
The net margin for Inseego Corp stands at -0.05. The total capital return value is set at 0.06.
Based on Inseego Corp (INSG), the company’s capital structure generated 3.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at -1.35. The interest coverage ratio of the stock is -0.41.
Currently, EBITDA for the company is -13.71 million with net debt to EBITDA at 10.78. When we switch over and look at the enterprise to sales, we see a ratio of 1.53. The receivables turnover for the company is 12.87for trailing twelve months and the total asset turnover is 1.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
In a nutshell, Inseego Corp (INSG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
