Inseego stock: buy or sell?

INSG stock price: $7.33 -4.56% At close on February 26th, 2020

Updated on:
February 26th, 2020

2

After sliding a scary -10.94% yesterday, Inseego closed today at $7.33 and collapsed a frightening -4.56%. On February/19 INSG rocketed an amazing 6.85%. Wednesday was the third red session in a row, sliding in full a -21.05%.

Inseego Corp., together with its subsidiaries, provides software-as-a-service (SaaS) and solutions for Internet of Things (IoT) worldwide.

Should I buy Inseego stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to choose your own trading plan that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Inseego stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Inseego stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't detect any rating for INSG stock for the last 30 days.

Inseego stock analysis

Daily outlook

After sliding a scary -10.94% yesterday, Inseego closed today at $7.33 and collapsed a frightening -4.56%.

After sliding a scary -10.94% yesterday, Inseego closed today at $7.33 and collapsed a frightening -4.56%. Since last November when SMA100d and SMA200d crossed up, INSG price gained $1.60 per share (27.92%). Since last November when INSG stock price broke up the SMA200d line, it gained $2.60 (54.97%).

INSG stock chart (daily)

Weekly outlook

After boosting an exceptional 11.46% in a week last week, Inseego closed this week at $7.33 and plunged a frightening -20.76%.

Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $9.75 resistance. Since late November 2019 when SMA20w and SMA40w crossed up, INSG price gained $2.28 per share (45.15%). By mid November 2019 INSG price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

INSG stock chart (weekly)

Inseego stock price history

Inseego IPO was on November 16th, 2000 at $147.22 per share1. Since then, INSG stock sliced a -95.00%, with a yearly average of -5.00%.

1: Adjusted price after possible price splits or reverse-splits.

Inseego stock historical price chart

INSG stock reached 52-week highs on January/21 at $9.75, and all-time highs 2000-12-12 with a price of 243.75.

Inseego stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' INSG stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not found any price forecast for Inseego stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Inseego failed experts on March when it posted an Earnings per Share (EPS) of $-0.06 when the market consensus was $-0.07.
INSG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-03-07-0.14-0.06n/a
2018-Q12018-05-08-0.13-0.13n/a
2018-Q22018-08-07-0.09-0.11n/a
2018-Q32018-11-06-0.080.15n/a
2018-Q42019-03-07-0.07-0.06n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a terrible loss of -7.68% to $202.46 million USD. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) climbed a 16.88% to -3.98%.

INSG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2011$403 M-$-24.89 M-6.2%-
2012$344 M-14.54%$-89.27 M-25.9%258.66%
2013$335 M-2.68%$-43.41 M-13.0%-51.37%
2014$185 M-44.71%$-39.23 M-21.2%-9.63%
2015$221 M19.27%$-52.29 M-23.7%33.28%
2016$244 M10.23%$-60.57 M-24.9%15.85%
2017$219 M-9.96%$-45.74 M-20.9%-24.50%
2018$202 M-7.68%$-8.06 M-4.0%-82.38%

Quarterly financial results

Inseego posted $56.04 million in sales for 2018-Q4, a 10.69% up compared to previous quarter. Reported quarter earnings marked $-4.19 M with a profit margin of -7.48%. Profit margin plummed a -28.89% compared to previous quarter when profit margin was 21.42%. When comparing turnover to same quarter last year, Inseego sales marked an amazing increase and boosted a 20.43%. Looking back to recent quarterly results, Inseego posted 4 negative quarters in a row.
INSG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$55,389 M-$0.00 M0.0%-
2017-Q2$59,913 M8.17%$0.00 M0.0%0.00%
2017-Q3$57 M-99.90%$-13.79 M-24.0%0.00%
2017-Q4$47 M-19.02%$-3.82 M-8.2%-72.28%
2018-Q1$47 M0.43%$-8.05 M-17.2%110.62%
2018-Q2$49 M4.97%$-6.66 M-13.6%-17.27%
2018-Q3$51 M3.21%$10.84 M21.4%-262.81%
2018-Q4$56 M10.69%$-4.19 M-7.5%-138.65%

Inseego ownership

When you are planning to buy shares of a company, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Inseego, 0.85% of all outstanding shares are owned by its staff.

In case of Inseego stock, 61.43% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for INSG stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Inseego:

INSG
Market cap$589.0 M
Total shares80.4 M
Float shares35.3 M
  - Institutional holdings (%)61.4%
  - Insider holdings (%)0.9%
Shares in short selling0.0%

Inseego summary

Wednesday, February 26th, 2020
Open$7.44
Close$7.33
Day range$7.00 - $7.70
Previous close$7.68
Session gain-4.56%
Average true range$0.65
50d mov avg$7.87
100d mov avg$6.68
200d mov avg$5.68
Daily patternlt02a
Weekly pattern lb02a

Inseego performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Inseego to :
Stock3m6m12m
INSGInseego15.43%65.09%38.56%

Inseego competitors

Unfortunately, we could not find any public company that could be defined as Inseego competitor. This doesn't mean Inseego does not have any competitor in the market, it's just we could not detected it.