In yesterday’s Wall Street session, Inseego Corp. (NASDAQ:INSG) shares traded at $0.87, up 17.93% from the previous session.
3 analysts cover Inseego Corp. (NASDAQ:INSG), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.75 and a low of $1.15, we find $1.50. Given the previous closing price of $0.74, this indicates a potential upside of 102.7 percent. INSG stock price is now 7.00% away from the 50-day moving average and -11.93% away from the 200-day moving average. The market capitalization of the company currently stands at $88.07M.
The stock has received a hold rating from 3 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $1.47 as their price target over the next twelve months.
A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in INSG stock. A new stake in Inseego Corp. shares was purchased by TEN CAPITAL WEALTH ADVISORS, LLC during the first quarter worth $35,000. WOLVERINE TRADING, LLC invested $19,000 in shares of INSG during the first quarter. In total, there are 145 active investors with 53.90% ownership of the company’s stock.
On Thursday morning Inseego Corp. (NASDAQ: INSG) stock kicked off with the opening price of $0.7700. During the past 12 months, Inseego Corp. has had a low of $0.47 and a high of $3.22. The fifty day moving average price for INSG is $0.8104 and a two-hundred day moving average price translates $0.9839 for the stock.
The latest earnings results from Inseego Corp. (NASDAQ: INSG) was released for Jun, 2023. According to the Communication Equipment Company, earnings per share came in at -$0.02, beating analysts’ expectations of -$0.03 by 0.01. This compares to -$0.24 EPS in the same period last year. The net profit margin was -21.60% and return on equity was 83.60% for INSG. The company reported revenue of $50.79 million for the quarter, compared to $61.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.25 percent. For the current quarter, analysts expect INSG to generate $54.5M in revenue.
Inseego Corp.(INSG) Company Profile
Inseego Corp. engages in the design and development of fixed and mobile wireless solutions, industrial Internet of Things (IIoT), and cloud solutions for large enterprise verticals, service providers, small and medium-sized businesses, governments, and consumers worldwide. The company provides wireless 4G and 5G hardware products, including private LTE/5G networks, First responders network authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices. Its products include 4G and 5G fixed wireless routers and gateways, mobile hotspots, and wireless gateways and routers for IIoT applications; and Gb speed 4G LTE hotspots and USB modems, integrated telematics, and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to analyze data insights and configure/manage their hardware remotely. In addition, the company sells software-as-a-service (SaaS), software, and services solutions in various mobile and IIoT vertical markets comprising fleet management, vehicle telematics, stolen vehicle recovery, asset tracking, monitoring, business connectivity, and subscription management. Its SaaS delivery platforms include telematics, asset tracking, and management platforms which provide fleet, vehicle, aviation, asset, and other telematics applications; and Inseego Subscribe, a hosted SaaS platform that helps organizations in managing the selection, deployment, and spend of their customers wireless assets by helping them to save money on personnel and telecom expenses. The company was founded in 1996 and is based in San Diego, California.
