NASDAQ:INSG

Inseego Stock Forecast, Price & News

Followed 105 Times

$18.72

+0.77 (+4.29 %)

(As of 01/21/2021 12:00 AM ET)

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Today's Range

$17.41

Now: $18.72▼

$18.95

50-Day Range

$10.68

MA: $14.41▼

$17.95

52-Week Range

$3.91

Now: $18.72▼

$19.49

Volume3.99 million shs

Average Volume4.65 million shs

Market Capitalization$1.85 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.92

Inseego Corp. engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions for large enterprise verticals, service providers, and small and medium-sized businesses worldwide. The company provides wireless 3G, 4G, and 5G hardware products for vertical markets, 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, and mobile hotspots, and wireless gateways and routers for IIoT applications, 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. The company also sells software-as-a-service (SaaS), software, and services solutions in various mobile and industrial IoT vertical markets comprising fleet management, vehicle telematics, aviation telematics, usage-based insurance, stolen vehicle recovery, asset tracking, monitoring, business connectivity, and subscription management. Its SaaS delivery platforms include Ctrack platforms, which provide fleet, vehicle, aviation, asset, and other telematics applications; and Device Management Solutions, a hosted SaaS platform that helps organizations in managing the selection, deployment, and spend of their wireless assets by helping them to save money on personnel and telecom expenses. Inseego Corp. was founded in 1996 and is headquartered in San Diego, California.

MarketRank^™

Overall MarketRank^™

1.02 out of 5 stars

Computer And Technology Sector

625th out of 1,517 stocks

Communications Equipment, Not Elsewhere Classified Industry

12th out of 35 stocks

1.4 Analyst's Opinion

Consensus Rating
Inseego has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.96, Inseego has a forecasted downside of 30.8% from its current price of $18.72.
Amount of Analyst Coverage
Inseego has received no research coverage in the past 90 days.

2.3 Community Rank

Outperform Votes
Inseego has received 328 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Inseego has received 372 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Inseego has received 53.14% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Inseego and other stocks. Vote “Outperform” if you believe INSG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe INSG will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Inseego insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $64,310,199.00 in company stock.
Percentage Held by Insiders
Only 9.80% of the stock of Inseego is held by insiders.
Percentage Held by Institutions
47.30% of the stock of Inseego is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Inseego are expected to grow in the coming year, from ($1.08) to ($0.07) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Inseego is -15.47, 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 -15.47, 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

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Communications equipment, not elsewhere classified

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:INSG

Previous Symbol

CUSIPN/A

CIK1022652

Webwww.inseego.com

Phone858-812-3400

Employees938

Debt

Debt-to-Equity RatioN/A

Current Ratio1.55

Quick Ratio1.22

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$219.50 million

Price / Sales8.43

Cash FlowN/A

Price / Cash FlowN/A

Book Value($0.46) per share

Price / Book-40.70

Profitability

EPS (Most Recent Fiscal Year)($0.51)

Net Income$-40,130,000.00

Net Margins-39.82%

Return on EquityN/A

Return on Assets-22.99%

Miscellaneous

Outstanding Shares98,880,000

Market Cap$1.85 billion

Next Earnings Date3/10/2021 (Estimated)

OptionableOptionable

$18.72

+0.77 (+4.29 %)

(As of 01/21/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Inseego (NASDAQ:INSG) Frequently Asked Questions

How has Inseego's stock been impacted by COVID-19?

Inseego's stock was trading at $4.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, INSG shares have increased by 279.7% and is now trading at $18.72.
View which stocks have been most impacted by COVID-19.

Is Inseego a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Inseego in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Inseego stock.
View analyst ratings for Inseego or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Inseego?

Wall Street analysts have given Inseego a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Inseego wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Doug Parker's approval rating as Inseego's CEO?

1,448 employees have rated Inseego CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Inseego's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Inseego's next earnings date?

Inseego is scheduled to release its next quarterly earnings announcement on Wednesday, March 10th 2021.
View our earnings forecast for Inseego.

How were Inseego's earnings last quarter?

Inseego Corp. (NASDAQ:INSG) announced its quarterly earnings results on Thursday, November, 5th. The technology company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.02. The technology company had revenue of $90.20 million for the quarter, compared to analyst estimates of $80.52 million. Inseego's quarterly revenue was up 43.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share.
View Inseego's earnings history.

What price target have analysts set for INSG?

7 analysts have issued 1 year target prices for Inseego's stock. Their forecasts range from $9.25 to $17.00. On average, they anticipate Inseego's share price to reach $12.96 in the next twelve months. This suggests that the stock has a possible downside of 30.8%.
View analysts' price targets for Inseego or view Wall Street analyst' top-rated stocks.

Who are some of Inseego's key competitors?

Some companies that are related to Inseego include Lumentum (LITE), AAC Technologies (AACAY), Iridium Communications (IRDM), ESCO Technologies (ESE), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ADVA Optical Networking (ADVOF), Rekor Systems (REKR), Turtle Beach (HEAR), Iteris (ITI), PowerFleet (PWFL), Magal Security Systems (MAGS), UTStarcom (UTSI), George Risk Industries (RSKIA) and Vislink Technologies (VISL).
View all of INSG's competitors.

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 (NOK), Marvell Technology Group (MRVL), QUALCOMM (QCOM), Square (SQ), Advanced Micro Devices (AMD), Micron Technology (MU), Tesla (TSLA), Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Alibaba Group (BABA).

Who are Inseego's key executives?

Inseego's management team includes the following people:

Mr. Dan Mondor, Chairman & CEO (Age 66, Pay $1.21M)
Mr. Stephen M. Smith, Consultant (Age 62, Pay $453.11k)
Mr. Craig L. Foster, Exec. VP & CFO (Age 51)
Mr. Douglas Kahn, Exec. VP of Operations & Customer Success (Age 62)
Ms. Wei Ding, VP Accounting & Corp. Controller
Mr. Dan Picker, Sr. VP & CTO
Mr. Kurt E. Scheuerman, Sr. VP & Gen. Counsel (Age 53)
Ms. Wendy Caceres, Chief Marketing Officer
Ms. Natacha Pavan, Chief HR Officer
Mr. Ashish Sharma, Pres of IoT & Mobile Solutions (Age 48)

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 a variety of institutional and retail investors. Top institutional shareholders include Kestra Advisory Services LLC (0.01%), Ritholtz Wealth Management (0.01%) and Patriot Financial Group Insurance Agency LLC (0.00%). Company insiders that own Inseego stock include Ashish Sharma, Brian Miller, Dan Mondor, Doug Kahn, Ltd Braslyn and Stephen M Smith.
View institutional ownership trends for Inseego.

Which institutional investors are buying Inseego stock?

INSG stock was acquired by a variety of institutional investors in the last quarter, including Ritholtz Wealth Management, Kestra Advisory Services LLC, and Patriot Financial Group Insurance Agency LLC.
View insider buying and selling activity for Inseego or or view top insider-buying stocks.

How do I buy shares of Inseego?

Shares of INSG 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.

What is Inseego's stock price today?

One share of INSG stock can currently be purchased for approximately $18.72.

How big of a company is Inseego?

Inseego has a market capitalization of $1.85 billion and generates $219.50 million in revenue each year. The technology company earns $-40,130,000.00 in net income (profit) each year or ($0.51) on an earnings per share basis. Inseego employs 938 workers across the globe.

What is Inseego's official website?

The official website for Inseego is www.inseego.com.

How can I contact Inseego?

Inseego's mailing address is 12600 Deerfield Parkway Suite 100, Alpharetta GA, 30004. The technology company can be reached via phone at 858-812-3400 or via email at [email protected]

This page was last updated on 1/22/2021 by MarketBeat.com Staff

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