Inseego - INSG Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Inseego in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" INSG shares.
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4 analysts have issued 12-month price targets for Inseego's shares. Their INSG share price forecasts range from $5.00 to $7.00. On average, they anticipate the company's share price to reach $6.00 in the next twelve months. This suggests a possible upside of 431.0% from the stock's current price.
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Inseego's stock was trading at $0.8425 at the beginning of the year. Since then, INSG shares have increased by 34.1% and is now trading at $1.13.
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Inseego saw a decrease in short interest in January. As of January 15th, there was short interest totaling 6,990,000 shares, a decrease of 5.2% from the December 31st total of 7,370,000 shares. Based on an average daily volume of 770,700 shares, the short-interest ratio is currently 9.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Inseego Corp. (NASDAQ:INSG) posted its quarterly earnings data on Wednesday, November, 3rd. The technology company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.03. The technology company had revenue of $66.22 million for the quarter, compared to analysts' expectations of $65.16 million. During the same period last year, the company posted ($0.06) earnings per share.

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).

Inseego trades on the NASDAQ under the ticker symbol "INSG."

Inseego's stock is owned by a number of retail and institutional investors. Top institutional investors include Wolverine Asset Management LLC (0.00%), Allspring Global Investments Holdings LLC (0.03%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Ashish Sharma, Brian Miller, Dan Mondor, Doug Kahn, Ltd Braslyn, Stephen M Smith and Wei Ding.
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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.
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One share of INSG stock can currently be purchased for approximately $1.13.

Inseego (NASDAQ:INSG) has a market capitalization of $121.87 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 ($0.62) on an earnings per share basis.

The company employs 500 workers across the globe.

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.