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Inseego Corp (NASDAQ: INSG) closed the day trading at $10.83 down -40.36% from the previous closing price of $18.16. In other words, the price has decreased by -$40.36 from its previous closing price. On the day, 1.58 million shares were traded. INSG stock price reached its highest trading level at $13.95 during the session, while it also had its lowest trading level at $10.52.
Ratios:
For a better understanding of INSG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.47. For the most recent quarter (mrq), Quick Ratio is recorded 0.35 and its Current Ratio is at 0.45.
On March 02, 2022, Canaccord Genuity Upgraded its rating to Buy which previously was Hold and also lowered its target price recommendation from $8 to $7.
Stifel Downgraded its Buy to Hold on March 02, 2021, while the target price for the stock was maintained at $13.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INSG now has a Market Capitalization of 133020560 and an Enterprise Value of 260630032. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66. Its current Enterprise Value per Revenue stands at 1.333 whereas that against EBITDA is -15.221.
Stock Price History:
Over the past 52 weeks, INSG has reached a high of $20.67, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is -38.43%, while the 200-Day Moving Average is calculated to be 15.15%.
Shares Statistics:
Over the past 3-months, INSG traded about 198.49K shares per day on average, while over the past 10 days, INSG traded about 362120 shares per day. A total of 11.88M shares are outstanding, with a floating share count of 11.63M. Insiders hold about 5.29% of the company’s shares, while institutions hold 37.27% stake in the company. Shares short for INSG as of 1730332800 were 1241793 with a Short Ratio of 6.26, compared to 1727654400 on 1268217. Therefore, it implies a Short% of Shares Outstanding of 1241793 and a Short% of Float of 12.379999999999999.
Earnings Estimates
The dynamic stock of Inseego Corp (INSG) is currently being evaluated by a team of 3.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is $0.12, with high estimates of $0.16 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.17 and $0.09 for the fiscal current year, implying an average EPS of $0.13. EPS for the following year is $0.53, with 3.0 analysts recommending between $0.83 and $0.37.
Revenue Estimates
3 analysts predict $56.3M in revenue for the current quarter. It ranges from a high estimate of $56.81M to a low estimate of $56M. As of the current estimate, Inseego Corp’s year-ago sales were $48.58MFor the next quarter, 3 analysts are estimating revenue of $56.82M. There is a high estimate of $57.4M for the next quarter, whereas the lowest estimate is $56M.
A total of 3 analysts have provided revenue estimates for INSG’s current fiscal year. The highest revenue estimate was $218.02M, while the lowest revenue estimate was $216.2M, resulting in an average revenue estimate of $217.27M. In the same quarter a year ago, actual revenue was $195.69MBased on 3 analysts’ estimates, the company’s revenue will be $229.33M in the next fiscal year. The high estimate is $233.9M and the low estimate is $226.5M.
