Inseego stock: buy or sell?

INSG stock price: $4.85 -1.22% At close on May 20th, 2019

Updated on:
May 20th, 2019

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Inseego shares decreased -1.22% to $4.85 today. With Monday it's been 3 red days in a row. On Wednesday INSG skyrocketed a super good 5.20%.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading plan 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 30 days.

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 closed today at $4.85 and decreased a bad -1.22%.

Inseego decreased a bad -1.22% and closed at $4.85. Since price and SMA100d lines crossed up on Wednesday, INSG climbed $0.11 (2.32%).

INSG stock chart (daily)

Weekly outlook

After boosting an astounding 9.57% in a week last week, Inseego closed this week at $4.85 and declined a lame -1.22%. Early May INSG plunged a bloodcurdling -6.53% in just one week.

The downtrend marked by INSG has left consecutive declining peaks and bottoms. There is a chance to rebound and reverse this situation if price can hold above the level. Since late July 2018 when INSG stock price broke up the SMA40w line, it gained $3.00 (162.16%).

INSG stock chart (weekly)

Inseego stock price history

Inseego stock went public on November 16th, 2000 with a price of $147.221. Since then, INSG stock declined a -96.70%, 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 243.87.

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, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. 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 detected 3 price targets for INSG stock released 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 prediction for Inseego stock is $6.30. In average, analysts' outlook on INSG price target is positive, upgrading the target by a 15.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Inseego disappointed analysts on March when it reported 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

In 2018, Inseego annual sales slipped a terrifying -7.68% to $202.46 million USD from $219.30 marked in 2017. When comparing 2018 vs 2017, nonetheless, 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 million in revenues 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 plunged a -28.89% compared to previous quarter when profit margin was 21.42%. When comparing sales to same quarter last year, Inseego sales marked an extraordinary gain and climbed 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 invest in a stock, it's worth to review 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$381.8 M$869.4 B$397.1 M$3.5 B$342.8 B
Total shares78.7 M4,600.0 M30.4 M193.5 M299.4 M
Float shares53.5 M4,340.0 M32.3 M169.3 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, May 20th, 2019
Open$4.92
Close$4.85
Day range$4.75 - $4.94
Previous close$4.91
Session gain-1.22%
Average true range$0.26
50d mov avg$4.76
100d mov avg$4.91
200d mov avg$4.21
Daily pattern
Weekly pattern lt02a

Inseego performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Inseego against Apple, CalAmp, CommScope, Alphabet, HP, NETGEAR and Sierra Wireless in the following table:
Stock3m6m12m
INSGInseego-14.01%35.85%160.75%
AAPLApple11.33%-1.54%2.99%
CAMPCalAmp-10.30%-31.96%-38.20%
COMMCommScope-23.59%3.29%-38.56%
GOOGLAlphabet2.52%11.12%5.59%
HPQHP-19.46%-14.44%-11.07%
NTGRNETGEAR-23.83%-48.10%-54.63%
SWIRSierra Wireless5.84%-19.48%-25.67%

Inseego competitors

One check before trading any stock is to review a list of its competitors, in this case for Inseego. We picked 7 companies as Inseego competitors as they are in the same industry or have similar market objectives.