A share price of Inogen Inc [INGN] is currently trading at $7.59, up 0.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INGN shares have gain 8.04% over the last week, with a monthly amount drifted -1.17%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Inogen Inc [NASDAQ: INGN] stock has seen the most recent analyst activity on February 15, 2024, when William Blair upgraded its rating to a Outperform. Previously, JP Morgan downgraded its rating to Neutral on August 08, 2023, and dropped its price target to $8. On July 14, 2023, downgrade downgraded it’s rating to Hold. William Blair downgraded its rating to a Mkt Perform. Needham upgraded its rating to a Buy but $47 remained the price target by the analyst firm on December 09, 2021. JP Morgan upgraded its rating to Neutral for this stock on November 02, 2021, but kept the price target unchanged to $45. In a note dated August 05, 2021, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
Inogen Inc experienced fluctuations in its stock price throughout the past year between $4.13 and $14.78. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Inogen Inc [NASDAQ: INGN] shares were valued at $7.59 at the most recent close of the market. An investor can expect a potential return of 242.56% based on the average INGN price forecast.
Analyzing the INGN fundamentals
Trailing Twelve Months sales for Inogen Inc [NASDAQ:INGN] were 315.66M which represents -13.84% decline. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.41 and Total Capital is -0.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 7.40 points at the first support level, and at 7.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.91, and for the 2nd resistance point, it is at 8.22.
Inogen Inc [INGN] reported earnings per share of -$1.14 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 -$0.62/share, meaning a difference of -$0.52 and a surprise factor of -83.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.97 per share as compared to estimates of -$0.49 per share, a difference of -$1.48 representing a surprise of -302.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Inogen Inc [NASDAQ:INGN] is 2.86. As well, the Quick Ratio is 2.55, while the Cash Ratio is 1.73. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 0.86.
