NASDAQ:INSG

Inseego (INSG) Stock Forecast, Price & News

$0.44

+0.02 (+4.76%)

(As of 01:21 PM ET)

Compare

Today's Range: $0.44
▼
$0.46
50-Day Range: $0.39
▼
$0.87
52-Week Range: $0.38
▼
$2.36

Volume: 262,721 shs
Average Volume: 911,838 shs
Market Capitalization: $51.42 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.40

Inseego MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 218.2% Upside
$1.40 Price Target
Short Interest: Bearish
5.45% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.74
Upright™ Environmental Score
News Sentiment: 0.43
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.20) to ($0.16) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.72 out of 5 stars

Computer And Technology Sector

519th out of 611 stocks

Communications Equipment, Not Elsewhere Classified Industry

9th out of 10 stocks

3.0

Analyst's Opinion

Consensus Rating
Inseego has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.40, Inseego has a forecasted upside of 218.2% from its current price of $0.44.
Amount of Analyst Coverage
Inseego has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.45% 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 5.8.
Change versus previous month
Short interest in Inseego has recently increased by 13.13%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Inseego does not currently pay a dividend.
Dividend Growth
Inseego does not have a long track record of dividend growth.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Inseego has received a 41.17% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Backbone routers", "IoT modular gateways", and "Consumer routers" products. See details.
Environmental Sustainability
The Environmental Impact score for Inseego is -1.74.

2.5

News and Social Media Coverage

News Sentiment
Inseego has a news sentiment score of 0.43. 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 0.64 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Inseego this week, compared to 0 articles on an average week.
Search Interest
Only 1 people have searched for INSG on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
6 people have added Inseego to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Inseego insiders have not sold or bought any 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.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Inseego are expected to grow in the coming year, from ($0.20) to ($0.16) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Inseego is -1.13, 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 -1.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Inseego (NASDAQ:INSG) Stock

Inseego Corp. engages in the design and development of fixed and mobile wireless solutions, industrial Internet of Things (IIoT), and cloud solutions for large enterprise verticals, service providers, small and medium-sized businesses, governments, and consumers worldwide. The company provides wireless 4G and 5G hardware products, including private LTE/5G networks, First responders network authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices. Its products include 4G and 5G fixed wireless routers and gateways, mobile hotspots, and wireless gateways and routers for IIoT applications; and Gb speed 4G LTE hotspots and USB modems, integrated telematics, and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to analyze data insights and configure/manage their hardware remotely. In addition, the company sells software-as-a-service (SaaS), software, and services solutions in various mobile and IIoT vertical markets comprising fleet management, vehicle telematics, stolen vehicle recovery, asset tracking, monitoring, business connectivity, and subscription management. Its SaaS delivery platforms include telematics, asset tracking, and management platforms which provide fleet, vehicle, aviation, asset, and other telematics applications; and Inseego Subscribe, a hosted SaaS platform that helps organizations in managing the selection, deployment, and spend of their customers wireless assets by helping them to save money on personnel and telecom expenses. The company was founded in 1996 and is based in San Diego, California.

INSG Price History

30 days | 90 days | 365 days | Advanced Chart

INSG Stock News Headlines

September 16, 2023 | nasdaq.com

Stifel Reiterates Inseego (INSG) Hold Recommendation

August 22, 2023 | msn.com

TD Cowen Maintains Inseego (INSG) Market Perform Recommendation

October 2, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

August 3, 2023 | finance.yahoo.com

Inseego Reports Second Quarter 2023 Financial Results

July 19, 2023 | businesswire.com

CORRECTING and REPLACING Inseego Corp. to Report Second Quarter 2023 Financial Results on August 2, 2023

May 26, 2023 | msn.com

Fast-paced Momentum Stock Inseego (INSG) Is Still Trading at a Bargain

May 16, 2023 | finance.yahoo.com

Shareholders in Inseego (NASDAQ:INSG) have lost 89%, as stock drops 12% this past week

May 10, 2023 | finance.yahoo.com

Why Fast-paced Mover Inseego (INSG) Is a Great Choice for Value Investors

October 2, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

March 7, 2023 | insidermonkey.com

Inseego Corp. (NASDAQ:INSG) Q4 2022 Earnings Call Transcript

March 1, 2023 | finance.yahoo.com

Inseego (INSG) Reports Q4 Loss, Misses Revenue Estimates

March 1, 2023 | finance.yahoo.com

Inseego Reports Fourth Quarter and Full Year 2022 Financial Results

November 9, 2022 | finance.yahoo.com

Inseego Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

October 19, 2022 | businesswire.com

Inseego Corp. to Report Third Quarter 2022 Financial Results on November 2, 2022 - Business Wire

October 19, 2022 | finance.yahoo.com

Inseego Corp. to Report Third Quarter 2022 Financial Results on November 2, 2022

October 12, 2022 | venturebeat.com

Inseego, CyberReef partner to secure 5G networks in regulated industries - VentureBeat

October 12, 2022 | businesswire.com

Inseego Partners with CyberReef to Deliver Mobile Firewall Security Solution to Education, Healthcare and Retail Industries - Business Wire

September 12, 2022 | businesswire.com

Drei Austria introduces Inseego 5G Fixed Wireless for business customers - Business Wire

September 8, 2022 | forbes.com

Peachtree Corners Takes 5G Use Cases To New Heights - Forbes

August 26, 2022 | nasdaq.com

While institutions own 34% of Inseego Corp. (NASDAQ:INSG), individual investors are its largest shareholders with 42% ownership

August 22, 2022 | seekingalpha.com

Inseego Stock: An Inflection Point Is Near (NASDAQ:INSG) - Seeking Alpha

August 17, 2022 | businesswire.com

Inseego MiFi® X PRO 5G Now Available at Telstra in Australia - Business Wire

August 17, 2022 | finance.yahoo.com

Inseego MiFi® X PRO 5G Now Available at Telstra in Australia

August 15, 2022 | businesswire.com

Vehicle Analytics Global Market Report 2022: Market is Expected to Grow to $6.11 Billion in 2026 at a CAGR of 23.1% - Long-term Forecast to 2031 - ResearchAndMarkets.com - Business Wire

August 12, 2022 | businesswire.com

Inseego MiFi® X PRO 5G UW hotspot now available at Verizon - Business Wire

August 11, 2022 | seekingalpha.com

Inseego Q2 results a mix of drop in revenue and narrowing net loss - Seeking Alpha

August 10, 2022 | businesswire.com

Global Mobile Hotspot Router Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com - Business Wire

See More Headlines

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INSG Company Calendar

Last Earnings: 8/02/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Communications equipment, not elsewhere classified
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:INSG
CUSIP: N/A
CIK: 1022652
Web: www.inseego.com
Phone: (858) 812-3400
Fax: 858-812-3402
Employees: 391
Year Founded: 1996

Price Target and Rating

Average Stock Price Forecast: $1.40
High Stock Price Forecast: $1.50
Low Stock Price Forecast: $1.30
Forecasted Upside/Downside: +233.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.39)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-67,970,000.00
Net Margins: -17.85%
Pretax Margin: -17.50%
Return on Equity: N/A
Return on Assets: -24.68%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.41
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $245.32 million
Price / Sales: 0.20
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.65) per share
Price / Book: -0.65

Miscellaneous

Outstanding Shares: 116,870,000
Free Float: 114,536,000
Market Cap: $49.09 million
Optionable: Optionable
Beta: 1.47

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Key Executives

Mr. Ashish Sharma (Age 51)
CEO & Pres
Comp: $764.36k

Mr. Douglas Kahn (Age 64)
Exec. VP of Operations and Customer Success
Comp: $534k

Mr. Steven H. Gatoff (Age 56)
CFO & Principal Accounting Officer

Mr. Kurt E. Scheuerman (Age 55)
Chief Admin. Officer, Gen. Counsel & Corp. Sec.

Mr. Stephen Brown
Sr. VP of Enterprise Sales

Mr. Ritesh Mukherjee
Sr. VP & GM of Enterprise Networking Bus.

Mr. Vishal Donthireddy
Sr. VP of Engineering - Inseego Fellow

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

INSG Stock - Frequently Asked Questions

Should I buy or sell Inseego stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Inseego in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" INSG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INSG, but not buy additional shares or sell existing shares.
View INSG analyst ratings or view top-rated stocks.
What is Inseego's stock price forecast for 2023?: 2 brokers have issued 1-year price objectives for Inseego's stock. Their INSG share price forecasts range from $1.30 to $1.50. On average, they predict the company's share price to reach $1.40 in the next twelve months. This suggests a possible upside of 233.3% from the stock's current price.
View analysts price targets for INSG or view top-rated stocks among Wall Street analysts.
How have INSG shares performed in 2023?: Inseego's stock was trading at $0.8425 on January 1st, 2023. Since then, INSG stock has decreased by 50.1% and is now trading at $0.42.
View the best growth stocks for 2023 here.
Are investors shorting Inseego?: Inseego saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,170,000 shares, an increase of 13.1% from the August 31st total of 4,570,000 shares. Based on an average daily volume of 896,700 shares, the days-to-cover ratio is currently 5.8 days. Currently, 5.5% of the shares of the stock are sold short.
View Inseego's Short Interest.
When is Inseego's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our INSG earnings forecast.
How were Inseego's earnings last quarter?: Inseego Corp. (NASDAQ:INSG) issued its quarterly earnings results on Wednesday, August, 2nd. The technology company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.01. The technology company earned $53.56 million during the quarter, compared to the consensus estimate of $51.75 million.

What other stocks do shareholders of Inseego own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Inseego investors own include NVIDIA (NVDA), Nokia Oyj (NOK), Marvell Technology (MRVL), QUALCOMM (QCOM), Block (SQ), Advanced Micro Devices (AMD), Micron Technology (MU), Tesla (TSLA), Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Alibaba Group (BABA).
What is Inseego's stock symbol?: Inseego trades on the NASDAQ under the ticker symbol "INSG."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Inseego's stock price today?: One share of INSG stock can currently be purchased for approximately $0.42.
How much money does Inseego make?: Inseego (NASDAQ:INSG) has a market capitalization of $49.09 million and generates $245.32 million in revenue each year. The technology company earns $-67,970,000.00 in net income (profit) each year or ($0.39) on an earnings per share basis.
How many employees does Inseego have?: The company employs 391 workers across the globe.
How can I contact Inseego?: Inseego's mailing address is 12600 Deerfield Parkway Suite 100, Alpharetta GA, 30004. The official website for the company is www.inseego.com. The technology company can be reached via phone at (858) 812-3400, via email at joohunkim@mkrir.com, or via fax at 858-812-3402.

This page (NASDAQ:INSG) was last updated on 10/2/2023 by MarketBeat.com Staff

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