Inseego stock: buy or sell?
September 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?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.
|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?
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-1-14||Lake Street Capital||n/a||Buy|
Inseego stock analysis
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.
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%).
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 $6.10Predicting 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:
|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 failed experts on March when it reported an Earnings per Share (EPS) of $-0.06 when the analysts' forecast was $-0.07.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|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 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.
|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 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:
|Market cap||$396.9 M||$984.1 B||$375.0 M||$2.3 B||$368.4 B|
|Total shares||79.5 M||4,520.0 M||33.6 M||194.1 M||299.5 M|
|Float shares||32.6 M||4,260.0 M||32.3 M||159.1 M||601.6 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$4.91 - $5.11|
|Average true range||$0.27|
|50d mov avg||$4.58|
|100d mov avg||$4.66|
|200d mov avg||$4.72|
Inseego performanceTo 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: