Inseego stock: buy or sell?
May 20th, 2019
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.
|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?
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-1-14||Lake Street Capital||n/a||Buy|
Inseego stock analysis
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%).
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%).
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 $6.30Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-1-14||Lake Street Capital||Reiterates||n/a||$6.50||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareInseego disappointed analysts on March when it reported 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 resultsIn 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%.
|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 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.
|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 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:
|Market cap||$381.8 M||$869.4 B||$397.1 M||$3.5 B||$342.8 B|
|Total shares||78.7 M||4,600.0 M||30.4 M||193.5 M||299.4 M|
|Float shares||53.5 M||4,340.0 M||32.3 M||169.3 M||602.8 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, May 20th, 2019|
|Day range||$4.75 - $4.94|
|Average true range||$0.26|
|50d mov avg||$4.76|
|100d mov avg||$4.91|
|200d mov avg||$4.21|
Inseego performancePerformance 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: