Inogen (INGN) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Inogen in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" INGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INGN, but not buy additional shares or sell existing shares.
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4 Wall Street research analysts have issued 12-month price targets for Inogen's shares. Their INGN share price forecasts range from $8.00 to $26.00. On average, they expect the company's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 168.7% from the stock's current price.
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Inogen's stock was trading at $19.71 at the beginning of the year. Since then, INGN stock has decreased by 73.6% and is now trading at $5.21.
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Inogen saw a increase in short interest in August. As of August 31st, there was short interest totaling 492,900 shares, an increase of 7.3% from the August 15th total of 459,300 shares. Based on an average trading volume of 400,500 shares, the short-interest ratio is currently 1.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Inogen, Inc. (NASDAQ:INGN) announced its earnings results on Monday, August, 7th. The medical technology company reported ($0.42) EPS for the quarter, topping analysts' consensus estimates of ($0.64) by $0.22. The medical technology company had revenue of $83.64 million for the quarter, compared to analyst estimates of $92.20 million. Inogen had a negative trailing twelve-month return on equity of 14.95% and a negative net margin of 27.57%. The business's revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) EPS.

Inogen updated its FY 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $315.00 million-$320.00 million, compared to the consensus revenue estimate of $369.22 million.

70 employees have rated Inogen Chief Executive Officer Scott Wilkinson on Glassdoor.com. Scott Wilkinson has an approval rating of 46% among the company's employees. This puts Scott Wilkinson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Inogen investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), Incyte (INCY), (MDVN) (MDVN), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), First Solar (FSLR), Intel (INTC) and Netflix (NFLX).

Inogen trades on the NASDAQ under the ticker symbol "INGN."

Inogen's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.46%), Camber Capital Management LP (4.96%), Dimensional Fund Advisors LP (2.41%), Meros Investment Management LP (2.21%), Geode Capital Management LLC (2.02%) and State Street Corp (1.89%). Insiders that own company stock include Alison Bauerlein, Brenton Taylor, Byron Myers, Holdings A/S Novo, Ray Benjamin M Anderson and Raymond Huggenberger.
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Shares of INGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INGN stock can currently be purchased for approximately $5.21.

Inogen (NASDAQ:INGN) has a market capitalization of $120.82 million and generates $377.24 million in revenue each year. The medical technology company earns $-83,770,000.00 in net income (profit) each year or ($4.19) on an earnings per share basis.

The company employs 1,026 workers across the globe.

Inogen's mailing address is 326 BOLLAY DRIVE, GOLETA CA, 93117. The official website for the company is www.inogen.com. The medical technology company can be reached via phone at (805) 562-0500 or via email at mpigeon@inogen.net.