Inseego stock: buy or sell?
July 15th, 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?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.
|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 month. 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 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.
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%.
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 $6.30Predicting 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:
|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 ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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.
|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 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:
|Market cap||$309.3 M||$944.0 B||$389.8 M||$3.0 B||$344.5 B|
|Total shares||59.6 M||4,600.0 M||33.6 M||193.6 M||299.4 M|
|Float shares||35.0 M||4,350.0 M||32.5 M||168.4 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, July 15th, 2019|
|Day range||$5.11 - $5.25|
|Average true range||$0.26|
|50d mov avg||$4.76|
|100d mov avg||$4.83|
|200d mov avg||$4.51|
Inseego performanceTo 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: