At the time of writing, Inseego Corp [INSG] stock is trading at $3.04, up 36.32%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The INSG shares have gain 10.95% over the last week, with a monthly amount glided 33.33%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Inseego reports Fourth Quarter and Full Year 2023 Financial Results and announces CEO transition. In a post published today on Yahoo Finance, Q4 2023 revenue of $42.8 million.
From an analyst’s perspective:
Previously, Canaccord Genuity upgraded its rating to Buy on March 02, 2022, and dropped its price target to $7. On March 02, 2021, downgrade downgraded it’s rating to Hold but maintained its price target of $13 on the stock. Lake Street downgraded its rating to a Hold and decreased its price target to $13 on March 02, 2021. Canaccord Genuity downgraded its rating to a Hold. ROTH Capital downgraded its rating to Neutral for this stock on August 06, 2020. In a note dated August 06, 2020, Northland Capital downgraded an Market Perform rating on this stock but restated the target price of $11.
For the past year, the stock price of Inseego Corp fluctuated between $1.62 and $12.30. Inseego Corp [NASDAQ: INSG] shares were valued at $3.04 at the most recent close of the market.
Analyzing the INSG fundamentals
According to Inseego Corp [NASDAQ:INSG], the company’s sales were 195.69M for trailing twelve months, which represents an -19.20% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is 0.58 and Total Capital is -0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.52 points at the first support level, and at 2.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.41, and for the 2nd resistance point, it is at 3.78.
Inseego Corp [INSG] reported earnings per share of -$0.46 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.48/share, meaning a difference of $0.02 and a surprise factor of 4.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.6 per share as compared to estimates of -$0.2 per share, a difference of -$1.4 representing a surprise of -700.00%.
Ratios To Look Out For
It is important to note that Inseego Corp [NASDAQ:INSG] has a current ratio of 1.04. Further, the Quick Ratio stands at 0.63, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.18.
