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NASDAQ:INSG

Inseego (INSG) Stock Price, News & Analysis

Inseego logo
$16.84
-0.81 (-4.59%)
(As of 10/31/2024 ET)

About Inseego Stock (NASDAQ:INSG)

Key Stats

Today's Range
$16.12
$17.45
50-Day Range
$12.58
$19.84
52-Week Range
$1.62
$20.67
Volume
334,785 shs
Average Volume
172,369 shs
Market Capitalization
$206.85 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.00
Consensus Rating
Hold

Company Overview

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems. It also offers fixed wireless access solutions, including indoor, outdoor, and industrial routers and gateways. In addition, the company provides Inseego Connect solution for device management; and 5G SD EDGE solution for secure networking enabling corporate managed mobile remote workforce. Further, it offers SaaS solutions, including telematic and asset tracking solution that provides live maps and data to improve driver safety and performance; Inseego Subscribe, a wireless subscriber management solution for carrier's management of their government and complex enterprise customer subscriptions. The company was founded in 1996 and is based in San Diego, California.

Inseego Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
35th Percentile Overall Score

INSG MarketRank™: 

Inseego scored higher than 35% of companies evaluated by MarketBeat, and ranked 518th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Amount of Analyst Coverage

    Inseego has only been the subject of 2 research reports in the past 90 days.

  • Read more about Inseego's stock forecast and price target.
  • Earnings Growth

    Earnings for Inseego are expected to grow in the coming year, from ($0.11) to $0.03 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Inseego is -4.63, 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 -4.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Read more about Inseego's valuation and earnings.
  • Percentage of Shares Shorted

    10.83% 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 6.8.
  • Change versus previous month

    Short interest in Inseego has recently decreased by 0.79%, indicating that investor sentiment is improving.
  • Dividend Yield

    Inseego does not currently pay a dividend.

  • Dividend Growth

    Inseego does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    10.83% 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 6.8.
  • Change versus previous month

    Short interest in Inseego has recently decreased by 0.79%, indicating that investor sentiment is improving.
  • News Sentiment

    Inseego has a news sentiment score of 0.88. 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 higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Inseego this week, compared to 1 article on an average week.
  • Search Interest

    Only 6 people have searched for INSG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Inseego to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • 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.

  • Read more about Inseego's insider trading history.
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INSG Stock News Headlines

625,000% Gain
The recent pullback in the crypto markets has left many investors in full-on panic mode, convinced the bull run is over. But if history has taught us anything, it’s that this is only the beginning.
Inseego to Divest Telematics Business for $52M
See More Headlines

INSG Stock Analysis - Frequently Asked Questions

Inseego's stock was trading at $2.1980 at the start of the year. Since then, INSG stock has increased by 666.2% and is now trading at $16.84.
View the best growth stocks for 2024 here
.

Inseego Corp. (NASDAQ:INSG) issued its quarterly earnings results on Wednesday, August, 7th. The technology company reported ($0.02) earnings per share for the quarter. The technology company earned $59.15 million during the quarter, compared to analysts' expectations of $53.63 million.

Shares of Inseego reverse split on the morning of Wednesday, January 24th 2024. The 1-10 reverse split was announced on Wednesday, January 24th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, January 24th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Inseego's top institutional investors include Olympiad Research LP (0.09%). Insiders that own company stock include Ashish Sharma and Dan Mondor.
View institutional ownership trends
.

Shares of INSG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Inseego investors own include Zomedica (ZOM), NVIDIA (NVDA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Nokia Oyj (NOK), Marvell Technology (MRVL) and PayPal (PYPL).

Company Calendar

Last Earnings
8/07/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:INSG
Employees
331
Year Founded
1996

Price Target and Rating

Average Stock Price Target
$16.00
High Stock Price Target
$17.00
Low Stock Price Target
$15.00
Potential Upside/Downside
-5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-46,190,000.00
Pretax Margin
-20.03%

Debt

Sales & Book Value

Annual Sales
$195.50 million
Book Value
($8.72) per share

Miscellaneous

Free Float
12,037,000
Market Cap
$206.85 million
Optionable
Optionable
Beta
1.61

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This page (NASDAQ:INSG) was last updated on 10/31/2024 by MarketBeat.com Staff
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