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NASDAQ:INSG

Inseego - INSG Stock Forecast, Price & News

$2.91
-0.12 (-3.96%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.90
$3.05
50-Day Range
$1.80
$3.15
52-Week Range
$1.74
$8.73
Volume
710,995 shs
Average Volume
1.03 million shs
Market Capitalization
$313.31 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.00

Inseego MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
140.5% Upside
$7.00 Price Target
Short Interest
Bearish
9.47% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.13
Upright™ Environmental Score
News Sentiment
0.51mentions of Inseego in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.55) to ($0.36) Per Share

Overall MarketRank

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

2.04 out of 5 stars

Computer And Technology Sector

449th out of 667 stocks

Communications Equipment, Not Elsewhere Classified Industry

6th out of 11 stocks

INSG stock logo

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. Inseego Corp. was founded in 1996 and is based in San Diego, California.

Inseego Stock Performance

INSG traded down $0.12 during midday trading on Wednesday, reaching $2.91. 710,995 shares of the company were exchanged, compared to its average volume of 1,025,775. The company's fifty day moving average price is $2.19 and its 200 day moving average price is $3.08. The company has a market cap of $313.31 million, a price-to-earnings ratio of -5.25 and a beta of 1.70. Inseego has a one year low of $1.74 and a one year high of $8.73.

Inseego (NASDAQ:INSG - Get Rating) last released its earnings results on Monday, August 8th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $61.90 million during the quarter, compared to the consensus estimate of $62.36 million. The business's revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.14) earnings per share. As a group, sell-side analysts anticipate that Inseego will post -0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus assumed coverage on Inseego in a research note on Friday, May 13th. They set a "hold" rating on the stock.

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INSG Stock News Headlines

Inseego (INSG) to Release Quarterly Earnings on Monday
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INSG Company Calendar

Last Earnings
8/08/2022
Today
8/17/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:INSG
Employees
500
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$7.00
High Stock Price Forecast
$7.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+140.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-48,130,000.00
Pretax Margin
-21.50%

Debt

Sales & Book Value

Annual Sales
$262.40 million
Book Value
($0.41) per share

Miscellaneous

Free Float
103,897,000
Market Cap
$313.31 million
Optionable
Optionable
Beta
1.70

Social Links


Key Executives

  • Mr. Dan Mondor (Age 67)
    Exec. Chairman
    Comp: $1.03M
  • Mr. Ashish Sharma (Age 49)
    CEO & Pres
    Comp: $572.81k
  • Mr. Robert G. Barbieri (Age 67)
    Chief Financial Officer
    Comp: $778.92k
  • Mr. Douglas Kahn (Age 63)
    Exec. VP of Operations
    Comp: $502.59k
  • Mr. Dan Picker
    Chief Technology Officer
  • Mr. Kurt E. Scheuerman (Age 54)
    Chief Admin. Officer, Gen. Counsel & Corp. Sec.
  • Mr. Simon Rayne
    Sr. VP & MD for the UK, EMEA and APAC
  • Mr. John Weldon
    SVP & GM Intelligent of Edge Solutions
  • Mr. Stephen Brown
    Sr. VP of Enterprise Sales
  • Mr. Ritesh Mukherjee
    Sr. VP & GM of Enterprise Networking Bus.













INSG Stock - Frequently Asked Questions

Should I buy or sell Inseego stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Inseego in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INSG shares.
View INSG analyst ratings
or view top-rated stocks.

What is Inseego's stock price forecast for 2022?

3 Wall Street analysts have issued 1-year price targets for Inseego's shares. Their INSG share price forecasts range from $7.00 to $7.00. On average, they anticipate the company's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 140.5% 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 2022?

Inseego's stock was trading at $5.83 at the beginning of the year. Since then, INSG stock has decreased by 50.1% and is now trading at $2.91.
View the best growth stocks for 2022 here
.

When is Inseego's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our INSG earnings forecast
.

How were Inseego's earnings last quarter?

Inseego Corp. (NASDAQ:INSG) posted its earnings results on Monday, August, 8th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The technology company earned $61.90 million during the quarter, compared to the consensus estimate of $62.36 million. The business's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.14) earnings per share.

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."

Who are Inseego's major shareholders?

Inseego's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (1.87%), Millennium Management LLC (0.78%), Northern Trust Corp (0.72%), Russell Investments Group Ltd. (0.62%), Renaissance Technologies LLC (0.44%) and Rafferty Asset Management LLC (0.32%). Insiders that own company stock include Ashish Sharma, Brian Miller, Dan Mondor, Doug Kahn, Ltd Braslyn, Stephen M Smith and Wei Ding.
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 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 $2.91.

How much money does Inseego make?

Inseego (NASDAQ:INSG) has a market capitalization of $313.31 million and generates $262.40 million in revenue each year. The technology company earns $-48,130,000.00 in net income (profit) each year or ($0.56) on an earnings per share basis.

How many employees does Inseego have?

The company employs 500 workers across the globe.

When was Inseego founded?

Inseego was founded in 1996.

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 8/17/2022 by MarketBeat.com Staff

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