Inseego Corp. (NASDAQ: INSG) is -76.33% lower on its value in year-to-date trading and has touched a low of $1.28 and a high of $6.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INSG stock was last observed hovering at around $1.31 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $2.60 for the next 12 months. It is also 65.5% off the consensus price target high of $4.00 offered by analysts, but current levels are 35.81% higher than the price target low of $2.15 for the same period.
Currently trading at $1.38, the stock is -17.37% and -28.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing 5.34% at the moment leaves the stock -49.22% off its SMA200. INSG registered -79.09% loss for a year compared to 6-month gain of -33.97%.
The stock witnessed a -36.41% loss in the last 1 month and extending the period to 3 months gives it a -52.74%, and is -1.43% 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 5.80% over the week and 8.07% over the month.
Inseego Corp. (INSG) has around 500 employees, a market worth around $153.24M and $265.30M in sales. Profit margin for the company is -25.20%. Distance from 52-week low is 7.81% and -79.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.40%).
Inseego Corp. (INSG) Analyst Forecasts
Inseego Corp. is expected to release its quarterly report on 03/09/2023.The EPS is expected to grow by 57.30% this year
Inseego Corp. (INSG) Top Institutional Holders
The shares outstanding are 107.75M, and float is at 106.53M with Short Float at 6.63%.
Inseego Corp. (INSG) Insider Activity
A total of 6 insider transactions have happened at Inseego Corp. (INSG) in the last six months, with sales accounting for 0 and purchases happening 6 times. The most recent transaction is an insider sale by Mondor Dan, the company’s Executive Chairman. SEC filings show that Mondor Dan sold 61,288 shares of the company’s common stock on Mar 14 at a price of $3.92 per share for a total of $0.24 million. Following the sale, the insider now owns 0.24 million shares.
Inseego Corp. disclosed in a document filed with the SEC on Mar 09 that Mondor Dan (Executive Chairman) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Mar 09 and was made at $4.61 per share for $0.23 million. Following the transaction, the insider now directly holds 0.19 million shares of the INSG stock.
Inseego Corp. (INSG): Who are the competitors?
The company’s main competitors (and peers) include CalAmp Corp. (CAMP) that is trading -62.31% down over the past 12 months and Alphabet Inc. (GOOGL) that is -32.46% lower over the same period. Apple Inc. (AAPL) is -6.41% down on the 1-year trading charts.