Inseego (NASDAQ:INSG - Get Free Report) posted its quarterly earnings data on Thursday. The technology company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.49) by $0.05, Zacks reports. The business had revenue of $45.01 million during the quarter, compared to analysts' expectations of $41.40 million. During the same period in the previous year, the business posted ($0.50) EPS. Inseego updated its Q2 2024 guidance to EPS.
Inseego Stock Performance
Shares of NASDAQ INSG traded up $1.19 during trading on Friday, hitting $5.03. The company had a trading volume of 1,659,857 shares, compared to its average volume of 115,559. Inseego has a 12 month low of $1.62 and a 12 month high of $11.50. The firm has a market capitalization of $59.75 million, a P/E ratio of -1.20 and a beta of 1.18. The stock has a 50 day simple moving average of $3.10 and a 200 day simple moving average of $2.74.
Analyst Upgrades and Downgrades
Separately, TD Cowen lifted their price target on shares of Inseego from $2.50 to $3.50 and gave the stock a "market perform" rating in a research note on Wednesday, March 13th.
Read Our Latest Research Report on Inseego
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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