Inseego Corp. (NASDAQ: INSG) is -4.78% lower on its value in year-to-date trading and has touched a low of $3.91 and a high of $17.96 in the current 52-week trading range. The INSG stock was last observed hovering at around $15.47 in the last trading session, with the day’s loss setting it -0.74% off its average median price target of $13.50 for the next 12 months. It is also 13.35% off the consensus price target high of $17.00 offered by 6 analysts, but current levels are -40.29% lower than the price target low of $10.50 for the same period.
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Currently trading at $14.73, the stock is 3.95% and 30.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.38 million and changing -4.78% at the moment leaves the stock 36.07% off its SMA200. INSG registered 98.79% gain for a year compared to 6-month loss of 28.87%. The firm has a 50-day simple moving average (SMA 50) of $12.47 and a 200-day simple moving average (SMA200) of $11.27.
The stock witnessed a 35.89% gain in the last 1 month and extending the period to 3 months gives it a 45.70%, and is -12.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.44% over the week and 8.09% over the month.
Inseego Corp. (INSG) has around 938 employees, a market worth around $1.48B and $280.10M in sales. Fwd P/E is 88.73. Profit margin for the company is -40.60%. Distance from 52-week low is 276.73% and -17.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.10%).
Inseego Corp. (INSG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Inseego Corp. (INSG) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 1.90, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Inseego Corp. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $83.81M over the same period.The EPS is expected to shrink by -324.00% this year, but quarterly earnings will post 42.00% year-over-year. Quarterly sales are estimated to grow 60.10% in year-over-year returns.
Inseego Corp. (INSG) Top Institutional Holders
224 institutions hold shares in Inseego Corp. (INSG), with 1.19M shares held by insiders accounting for 1.21% while institutional investors hold 55.99% of the company’s shares. The shares outstanding are 98.02M, and float is at 97.69M with Short Float at 27.45%. Institutions hold 55.32% of the Float.
The top institutional shareholder in the company is Aviva Holdings Ltd. with over 21.97 million shares valued at $226.68 million. The investor’s holdings represent 22.21% of the INSG Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 4.33 million shares valued at $44.72 million to account for 4.38% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 3.81 million shares representing 3.85% and valued at over $39.27 million, while State Street Corporation holds 1.41% of the shares totaling 1.39 million with a market value of $14.39 million.
Inseego Corp. (INSG) Insider Activity
The most recent transaction is an insider sale by Braslyn Ltd., the company’s 10% Owner. SEC filings show that Braslyn Ltd. sold 293,848 shares of the company’s common stock on Dec 16 at a price of $14.37 per share for a total of $4.22 million. Following the sale, the insider now owns 7.61 million shares.
Inseego Corp. disclosed in a document filed with the SEC on Dec 16 that Miller Brian (Director) sold a total of 493,546 shares of the company’s common stock. The trade occurred on Dec 16 and was made at $14.33 per share for $7.07 million. Following the transaction, the insider now directly holds 4.0 million shares of the INSG stock.
Still, SEC filings show that on Dec 15, Braslyn Ltd. (10% Owner) disposed off 190,590 shares at an average price of $14.81 for $2.82 million. The insider now directly holds 7,908,678 shares of Inseego Corp. (INSG).
Inseego Corp. (INSG): Who are the competitors?
The company’s main competitors (and peers) include CalAmp Corp. (CAMP) that is trading 2.70% up over the past 12 months. Apple Inc. (AAPL) is 74.04% up on the 1-year trading charts. Short interest in the company’s stock has fallen -1.12% from the last report on Nov 12, 2020 to stand at a total of 27.11 million short shares sold with a short interest ratio of 6.56.