Inseego stock: buy or sell?

INSG stock price: $4.99 1.63% At close on September 20th, 2019

Updated on:
September 20th, 2019

2

Inseego shares grew 1.63% to $4.99 today.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

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 doesn't mean INSG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Inseego stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we detected 5 ratings published for INSG stock in the last 30 days.

The general sentiment of these ratings is bullish for INSG stock, with 5 positive ratings.
Is INSG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-7National Securitiesn/aBuy
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 ended today at $4.99 and grew a nice 1.63%.

Inseego shares grew 1.63% to $4.99 today. For the last 10 days when INSG stock price broke up the SMA200d line, it gained $0.50 (11.14%). From a daily perspective, INSG is in a short term uptrend after plotting its last bottom ($4.72, on Tuesday) higher than the previous bottom, and its last top ($5.20, yesterday) 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 $5.20 or down under $4.72.

INSG stock chart (daily)

Weekly outlook

After boosting a super good 10.61% in a week last week, Inseego closed this week at $4.99 and gained a beatiful 1.84%. By mid August INSG plummed a spooky -8.89% in just one week.

Since price and SMA40w lines crossed up last week, INSG climbed $0.61 (13.93%).

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 -96.60%, 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 $6.10

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. 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 found 4 price targets for INSG stock:
INSG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-7National SecuritiesReiteratesn/a$5.50-
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$6.1011.0%
Moving in a range from $6.50 and $5.50, the price target for Inseego stock is $6.10. In average, analysts' outlook on INSG price forecast is positive, increasing the forecast by a 11.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Inseego failed experts on March when it reported an Earnings per Share (EPS) of $-0.06 when the analysts' forecast 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 revenues fell a terrifying -7.68% to $202.46 million dollars from $219.30 marked in 2017. Improving that, its profit margin (compared to sales) skyrocketed to -3.98%, that is $-8.06 million.

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 revenues for 2018-Q4, a 10.69% up compared to previous quarter. Reported quarter earnings marked $-4.19 million 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 revenues to same quarter last year, Inseego sales marked an amazing growth 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 stock, 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, 34.80% of all outstanding shares are owned by its staff.

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$396.9 M$984.1 B$375.0 M$2.3 B$368.4 B
Total shares79.5 M4,520.0 M33.6 M194.1 M299.5 M
Float shares32.6 M4,260.0 M32.3 M159.1 M601.6 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

Friday, September 20th, 2019
Open$4.95
Close$4.99
Day range$4.91 - $5.11
Previous close$4.91
Session gain1.63%
Average true range$0.27
50d mov avg$4.58
100d mov avg$4.66
200d mov avg$4.72
Daily patternlt06a
Weekly pattern

Inseego performance

To better understand Inseego performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Inseego to Apple, CalAmp, CommScope, Alphabet, HP, NETGEAR and Sierra Wireless:
Stock3m6m12m
INSGInseego10.40%0.40%22.00%
AAPLApple9.95%14.84%1.59%
CAMPCalAmp11.17%-8.91%-50.71%
COMMCommScope-24.86%-43.36%-60.58%
GOOGLAlphabet9.28%1.84%4.92%
HPQHP-10.03%-2.89%-26.15%
NTGRNETGEAR17.25%-9.05%-21.42%
SWIRSierra Wireless-4.95%-7.82%-46.10%

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.