Inseego stock: buy or sell?

INSG stock price: $5.19 0.78% At close on July 15th, 2019

Updated on:
July 15th, 2019

2

Inseego grew a slightly fine 0.78% and closed at $5.19. Monday was the fourth green day in a row, gaining 9.38%.

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?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Inseego stock situation right now, hence this is not a suitable entry point.

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?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 4 ratings published for INSG stock in the last month.

The general sentiment of these ratings is bullish for INSG stock, with 4 positive ratings.
Is INSG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-3-20National Securitiesn/aBuy
2019-3-1Northland Securitiesn/aBuy
2019-1-14Lake Street Capitaln/aBuy
2019-1-11Canaccord GenuityBuyBuy

Inseego stock analysis

Daily outlook

Inseego shares grew 0.78% to $5.19 today.

Shares of Inseego ended today at $5.19 and grew a slightly fine 0.78%. On Jun 28th INSG price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. From a daily perspective, INSG is in a short term uptrend after plotting its last bottom ($4.64, on Jul/5) higher than the previous bottom, and its last top ($5.35, on Thursday) also over the previous top. Now trading in between its last bottom and last top INSG might consolidate in a plain range, waiting to break out over $5.35 or down under $4.64.

INSG stock chart (daily)

Weekly outlook

After boosting a cool 5.44% in a week last week, Inseego closed this week at $5.19 and grew a slightly fine 0.78%. For 4 weeks in a row, price soared and marked a profit of 14.79%. Late May INSG plummed a bloodcurdling -9.09% in just one week.

Inseego stock just marked a top under its last top. Athought it's not a big concern right now, investors in INSG should be alerted as this could be a warning for future complications. You should be expectant to Inseego price to not slide under , as this would complicate possible price recovery in the short and mid-term. Since price and SMA40w lines crossed up late July 2018, INSG climbed $3.34 (180.54%). This week, SMA10w and SMA20w crossed up triggering a rise of 0.78%.

INSG stock chart (weekly)

Inseego stock price history

Inseego IPO was on November 16th, 2000 at $147.22 per share1. Since then, INSG stock declined a -96.50%, with a yearly average of -5.40%.

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

Inseego stock historical price chart

INSG stock reached 52-week highs on January at $6.00, and all-time highs 2000-12-12 with a price of 243.75.

Inseego stock price target is $6.30

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 3 price forecasts for Inseego stock published in the last 30 days:
INSG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-3-1Northland SecuritiesReiteratesn/a$6.00-
2019-1-14Lake Street CapitalReiteratesn/a$6.50-
2019-1-11Canaccord GenuityReiterates$5.50$6.5018.2%
(in average)$5.50$6.3015.0%
Moving in a range from $6.50 and $6.00, the price forecast for INSG stock is $6.30. In average, analysts' outlook on INSG price forecast is positive, upgrading the prediction by a 15.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On March, Inseego failed to meet the estimates of the analysts and posted a rough EPS of $-0.06 per share when experts were expecting $-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 terrifying correction of -7.68% to $202.46 million USD. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) boosted 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 reported $56.04 M in sales for 2018-Q4, a 10.69% improvement compared to previous quarter. Reported quarter income marked $-4.19 M with a profit margin of -7.48%. Profit margin collapsed a -28.89% compared to previous quarter when profit margin was 21.42%. When comparing turnover to same quarter last year, Inseego sales marked a super good increase and rocketed a 20.43%. Looking back to recent quarterly results, Inseego posted 4 positive 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 invest in a stock, it's worth to have a look its ownership structure.

Inseego shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 34.80% of all shares.

In case of Inseego stock, 79.18% 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:

INSGAAPLCAMPCOMMGOOGL
Market cap$309.3 M$944.0 B$389.8 M$3.0 B$344.5 B
Total shares59.6 M4,600.0 M33.6 M193.6 M299.4 M
Float shares35.0 M4,350.0 M32.5 M168.4 M602.8 M
  - Institutional holdings (%)79.2%61.0%79.2%99.8%81.0%
  - Insider holdings (%)34.8%0.1%3.8%1.7%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Inseego summary

Monday, July 15th, 2019
Open$5.21
Close$5.19
Day range$5.11 - $5.25
Previous close$5.15
Session gain0.78%
Average true range$0.26
50d mov avg$4.76
100d mov avg$4.83
200d mov avg$4.51
Daily patternlt06a
Weekly pattern lt01a

Inseego performance

To measure stock performance is always good to benchmark with competitors or related stocks. In the following table, we compare Inseego performance to Apple, CalAmp, CommScope, Alphabet, HP, NETGEAR and Sierra Wireless:
Stock3m6m12m
INSGInseego13.82%-0.38%162.12%
AAPLApple1.05%31.93%8.82%
CAMPCalAmp-10.36%-18.71%-51.77%
COMMCommScope-40.41%-18.64%-48.61%
GOOGLAlphabet-7.33%3.90%-3.95%
HPQHP4.91%-0.19%-4.17%
NTGRNETGEAR-22.79%-31.66%-44.09%
SWIRSierra Wireless-7.47%-22.38%-29.16%

Inseego competitors

We selected a few stocks to conform a list of Inseego competitors to review if you are interested in investing in INSG: