Inseego stock: buy or sell?
February 26th, 2020
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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%).
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.
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 targetPredicting 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 ShareInseego failed experts on March when it posted an Earnings per Share (EPS) of $-0.06 when the market consensus was $-0.07.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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||$221 M||19.27%||$-52.29 M-23.7%||33.28%|
|2016||$244 M||10.23%||$-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 resultsInseego 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.
|2017-Q1||$55,389 M||-||$0.00 M0.0%||-|
|2017-Q2||$59,913 M||8.17%||$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||$47 M||0.43%||$-8.05 M-17.2%||110.62%|
|2018-Q2||$49 M||4.97%||$-6.66 M-13.6%||-17.27%|
|2018-Q3||$51 M||3.21%||$10.84 M21.4%||-262.81%|
|2018-Q4||$56 M||10.69%||$-4.19 M-7.5%||-138.65%|
Inseego ownershipWhen 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:
|Market cap||$589.0 M|
|Total shares||80.4 M|
|Float shares||35.3 M|
|- Institutional holdings (%)||61.4%|
|- Insider holdings (%)||0.9%|
|Shares in short selling||0.0%|
|Wednesday, February 26th, 2020|
|Day range||$7.00 - $7.70|
|Average true range||$0.65|
|50d mov avg||$7.87|
|100d mov avg||$6.68|
|200d mov avg||$5.68|
Inseego performanceStocks 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 :