Inseego (INSG) Stock Price, News & Analysis

Company Overview

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. It also offers fixed wireless access solutions, including indoor, outdoor, and industrial routers and gateways. In addition, the company provides Inseego Connect solution for device management; and 5G SD EDGE solution for secure networking enabling corporate managed mobile remote workforce. Further, it offers SaaS solutions, including telematic and asset tracking solution that provides live maps and data to improve driver safety and performance; Inseego Subscribe, a wireless subscriber management solution for carrier's management of their government and complex enterprise customer subscriptions. The company was founded in 1996 and is based in San Diego, California.

Key Stats

• Today's Range: $12.25 to $12.84
• 50-Day Range: $10.83 to $19.84
• 52-Week Range: $1.62 to $20.67
• Volume: 193,656 shs
• Average Volume: 185,691 shs
• Market Capitalization: $185.74 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $16.00
• Consensus Rating: Moderate Buy

Inseego Stock Analysis - MarketRank™

Inseego scored higher than 80% of companies evaluated by MarketBeat, and ranked 285th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Inseego has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Inseego has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Inseego are expected to grow in the coming year, from ($0.11) to $0.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Inseego is -6.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Inseego is -6.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.66% of the float of Inseego has been sold short.

Short Interest Ratio / Days to Cover

Inseego has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Inseego has recently decreased by 1.59%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Inseego does not currently pay a dividend.

Dividend Growth

Inseego does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -1.61

Percentage of Shares Shorted

10.66% of the float of Inseego has been sold short.

Short Interest Ratio / Days to Cover

Inseego has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Inseego has recently decreased by 1.59%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.38

News Sentiment

Inseego has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Inseego this week, compared to 1 article on an average week.

Search Interest

8 people have searched for INSG on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.

MarketBeat Follows

2 people have added Inseego to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Inseego insiders have bought more of their company's stock than they have sold. Specifically, they have bought $124,000.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 2.00% of the stock of Inseego is held by insiders.

Percentage Held by Institutions

Only 34.20% of the stock of Inseego is held by institutions.

INSG Stock Analysis - Frequently Asked Questions

How have INSG shares performed this year?

Inseego's stock was trading at $2.1980 at the beginning of the year. Since then, INSG stock has increased by 465.1% and is now trading at $12.42.
View the best growth stocks for 2024 here.

How were Inseego's earnings last quarter?

Inseego Corp. (NASDAQ:INSG) posted its quarterly earnings data on Thursday, May, 9th. The technology company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.05. The technology company had revenue of $45.01 million for the quarter, compared to the consensus estimate of $41.40 million.

When did Inseego's stock split?

Shares of Inseego reverse split on Wednesday, January 24th 2024. The 1-10 reverse split was announced on Wednesday, January 24th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, January 24th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are Inseego's major shareholders?

Top institutional shareholders of Inseego include Aviva Holdings Ltd. (199.15%), First Sabrepoint Capital Management LP, Geode Capital Management LLC (0.85%) and Wolverine Trading LLC. Insiders that own company stock include Philip G Brace, Ashish Sharma and Dan Mondor.
View institutional ownership trends.

How do I buy shares of Inseego?

Shares of INSG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Inseego own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Inseego investors own include Zomedica (ZOM), NVIDIA (NVDA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Nokia Oyj (NOK), Marvell Technology (MRVL) and PayPal (PYPL).

Company Calendar

• Last Earnings: 5/09/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Communications equipment, not elsewhere classified
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:INSG
• CUSIP: N/A
• CIK: 1022652
• Web: www.inseego.com
• Phone: (858) 812-3400
• Fax: 858-812-3402
• Employees: 331
• Year Founded: 1996

Price Target and Rating

• Average Stock Price Target: $16.00
• High Stock Price Target: $17.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +28.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.80)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-46,190,000.00
• Net Margins: -4.58%
• Pretax Margin: -4.77%
• Return on Equity: N/A
• Return on Assets: -8.39%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.45
• Quick Ratio: 0.35

Sales & Book Value

• Annual Sales: $207.48 million
• Price / Sales: 0.90
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($8.72) per share
• Price / Book: -1.42

Miscellaneous

• Outstanding Shares: 14,955,000
• Free Float: 14,656,000
• Market Cap: $185.74 million
• Optionable: Optionable
• Beta: 1.60