Inseego (NASDAQ:INSG - Get Free Report) issued its quarterly earnings data on Wednesday. The technology company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.06), Zacks reports. Inseego had a net margin of 2.22% and a negative return on equity of 4.08%. The firm had revenue of $48.09 million during the quarter, compared to analysts' expectations of $45.56 million. Inseego updated its Q1 2025 guidance to EPS.
Inseego Stock Performance
NASDAQ:INSG traded down $0.32 during trading hours on Friday, hitting $12.19. The company's stock had a trading volume of 458,406 shares, compared to its average volume of 157,484. The business's 50-day moving average is $11.57 and its two-hundred day moving average is $13.80. The company has a market capitalization of $182.36 million, a PE ratio of -19.66 and a beta of 1.50. Inseego has a 52-week low of $2.08 and a 52-week high of $20.67.
Analyst Ratings Changes
INSG has been the subject of several analyst reports. Roth Mkm upgraded Inseego from a "neutral" rating to a "buy" rating and upped their price target for the stock from $13.00 to $15.00 in a research note on Thursday, November 14th. Roth Capital upgraded Inseego from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 14th. Stifel Nicolaus cut their price target on Inseego from $17.00 to $12.00 and set a "hold" rating for the company in a research note on Friday, December 20th. Finally, TD Cowen cut their price target on Inseego from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, November 15th.
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About Inseego
(
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Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.
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