NASDAQ:INSGInseego Stock Price, Forecast & News

$7.28

-0.32 (-4.21 %)

(As of 04/8/2020 02:18 AM ET)

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Today's Range

$7.12

Now: $7.28▼

$7.77

50-Day Range

$4.12

MA: $6.56▼

$9.25

52-Week Range

$3.61

Now: $7.28▼

$9.75

Volume2.97 million shs

Average Volume3.02 million shs

Market Capitalization$699.76 million

P/E RatioN/A

Dividend YieldN/A

Beta1.05

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 that address various markets, including fleet and commercial telematics, aftermarket telematics, smart city infrastructure management, remote monitoring and control, wireless surveillance systems, security and connected home and fixed wireless access, and mobile broadband devices. Its products include 4G and 5G mobile hotspots, wireless gateways and routers for IoT applications, 1Gigabit speed 4G LTE hotspots and USB modems, integrated telematics, and mobile tracking hardware devices that are supported by applications software and cloud services designed to enable customers to easily 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.

Beat the Market (BTM) Rank^™

2.5 Analyst's Opinion

Consensus Rating
Inseego has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.88, Inseego has a potential upside of 8.2% from its current price of $7.28.
Amount of Analyst Coverage
Inseego has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Inseego has received 287 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Inseego has received 350 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Inseego has received 54.95% “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.

1.0 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 15.20% of the stock of Inseego is held by insiders.
Percentage Held by Institutions
38.51% of the stock of Inseego is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Inseego are expected to decrease by -86.84% in the coming year, from ($0.38) to ($0.05) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Inseego is -14.00, 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 -14.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Overall Beat the Market Rank^™

1.16 out of 5 stars

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

Webhttp://www.inseego.com/

Phone858-812-3400

Debt

Debt-to-Equity RatioN/A

Current Ratio1.44

Quick Ratio0.87

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 / Sales3.19

Cash FlowN/A

Price / Cash FlowN/A

Book Value($0.46) per share

Price / Book-15.83

Profitability

EPS (Most Recent Fiscal Year)($0.51)

Net Income$-40,130,000.00

Net Margins-18.28%

Return on EquityN/A

Return on Assets-24.23%

Miscellaneous

Employees819

Outstanding Shares96,121,000

Market Cap$699.76 million

Next Earnings Date5/13/2020 (Estimated)

OptionableOptionable

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Inseego (NASDAQ:INSG) Frequently Asked Questions

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

Inseego's stock was trading at $4.93 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, INSG stock has increased by 47.7% and is now trading at $7.28. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Inseego?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Inseego in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Inseego.

When is Inseego's next earnings date?

Inseego is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Inseego.

How were Inseego's earnings last quarter?

Inseego Corp (NASDAQ:INSG) announced its earnings results on Wednesday, March, 11th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.02. The technology company earned $52.30 million during the quarter, compared to the consensus estimate of $51.91 million. The firm's revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share. View Inseego's earnings history.

What price target have analysts set for INSG?

6 brokerages have issued 1 year price targets for Inseego's stock. Their forecasts range from $6.50 to $9.25. On average, they anticipate Inseego's share price to reach $7.88 in the next year. This suggests a possible upside of 8.2% from the stock's current price. View analysts' price targets for Inseego.

Has Inseego been receiving favorable news coverage?

News stories about INSG stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Inseego earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutInseego.

Are investors shorting Inseego?

Inseego saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 14,944,800 shares, an increase of 32.3% from the February 27th total of 11,300,000 shares. Based on an average trading volume of 3,067,400 shares, the days-to-cover ratio is presently 4.9 days. Currently, 19.2% of the shares of the stock are sold short. View Inseego's Current Options Chain.

Who are some of Inseego's key competitors?

Some companies that are related to Inseego include ESCO Technologies (ESE), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ADVA Optical Networking (ADVOF), Iteris (ITI), PowerFleet (PWFL), Turtle Beach (HEAR), Rekor Systems (REKR), Magal Security Systems (MAGS), UTStarcom (UTSI), I.D. Systems (IDSY), Risk (George) Industries (RSKIA), Grow Capital (GRWC), Vislink Technologies (VISL) and Track Group (TRCK).

What other stocks do shareholders of Inseego own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Inseego investors own include Nokia Oyj (NOK), QUALCOMM (QCOM), NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Marvell Technology Group (MRVL), Intel (INTC), AT&T (T), Skyworks Solutions (SWKS) and Canopy Growth (CGC).

Who are Inseego's key executives?

Inseego's management team includes the following people:

Mr. Dan Mondor, Chairman & CEO (Age 64)
Mr. Stephen M. Smith, Exec. VP & CFO (Age 60)
Mr. Douglas Kahn, Exec. VP of Operations & Customer Success
Mr. Dennis A. Calderon, VP of Legal Affairs & Sec.
Mr. Ashish Sharma, Chief Marketing Officer and Exec. VP of IoT & Mobile Solutions

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 can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include 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 $7.28.

How big of a company is Inseego?

Inseego has a market capitalization of $699.76 million 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 819 workers across the globe. View additional information about Inseego.

What is Inseego's official website?

The official website for Inseego is http://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 4/8/2020 by MarketBeat.com Staff

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Beat the Market (BTM) Rank™

2.5 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage