Inseego Corp. (NASDAQ:INSG) currently has a daily average trading volume of 762.39K but it saw 786379 shares traded on Wednesday. With a market cap of 76.18M USD, stock’s current market price of $0.61 came falling about -3.40 while comparing to the previous closing price of $0.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.57 and as low as $0.62. In the recent trading on the day, stock has struck highest price mark of $0.64 while lowest mark touched by it was $0.6006.
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Taking a look at 20-day trading activity of Inseego Corp. (INSG) gives us an average price of $0.8247, while its current price level is -86.60% below from 52-week high level whereas it is -1.13% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.9591 while that of 200 days or SMA-200 reads an average of $1.7185. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.59% during that period while stretching the period over a month that decreases to 7.61%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 21.62 which implies that the stock is in oversold territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Stifel which resumed the stock as “Hold” in its note to investors issued on May 13, 2022, recommending a price target of $2.50 for it. Canaccord Genuity upgraded its recommendation for the stock as a “Buy” from “Hold” on March 02, 2022 while assigning a price target range of $8-$7. Stifel issued its recommendations for the stock as it downgraded the price target for the stock is $13.
Over the week, INSG’s stock price is moving -22.85% down while it is -35.35% when we observe its performance for the past one month. Year-to-date it is -27.24% down and over the past year, the stock is showing a downside performance of -83.95%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.11 beaten by the consensus estimate of -$0.08 for the same. For INSG, analysts are forecasting an EPS-growth rate of -28.10% for current year and estimate for EPS growth in next year is 39.00%. In next quarter, company is expected to be making quarterly sales of $53.75 million as analysts are expecting the sales for current fiscal year at $252.96 million and seeing the company making $261.65 million in sales next year. Moreover, analysts are in estimates of $60.53 million for current-quarter revenue.
Currently, Inseego Corp.’s total number of outstanding shares is 108.15M with 1.21% of that held by the insiders while 49.12% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -60.80% and return on equity (ROE) at 138.80%. Stock’s beta reads 1.65. Stock has a price to sale or P/S ratio amounts to 0.31. Its return on asset (ROA) is -38.30% on average.
As per SEC documents, Vanguard Total Stock Market Index shunned 3,041,116 of company’s common stock of worth $2.72 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in Inseego Corp., as iShares Russell 2000 ETF dumped 1,799,708 shares of worth $1.61 million to bring its holdings to a total of 5688.0 shares.
