The price of Inseego Corp (NASDAQ: INSG) closed at $2.80 in the last session, down -2.10% from day before closing price of $2.86. In other words, the price has decreased by -$0.0600 from its previous closing price. On the day, 87440 shares were traded. INSG stock price reached its highest trading level at $3.1200 during the session, while it also had its lowest trading level at $2.7700.
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Ratios:
We take a closer look at INSG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.15. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 1.04.
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 33.97M and an Enterprise Value of 197.18M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17. Its current Enterprise Value per Revenue stands at 1.01 whereas that against EBITDA is -14.39.
Stock Price History:
Over the past 52 weeks, INSG has reached a high of $12.30, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 2.6788, while the 200-Day Moving Average is calculated to be 4.2077.
Shares Statistics:
According to the various share statistics, INSG traded on average about 107.26K shares per day over the past 3-months and 88.62k shares per day over the past 10 days. A total of 11.88M shares are outstanding, with a floating share count of 9.51M. Insiders hold about 19.92% of the company’s shares, while institutions hold 36.38% stake in the company. Shares short for INSG as of Mar 15, 2024 were 691.53k with a Short Ratio of 6.45, compared to 746.63k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.82% and a Short% of Float of 7.00%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.47 for the current quarter, with a high estimate of -$0.42 and a low estimate of -$0.54, while EPS last year was -$0.2. The consensus estimate for the next quarter is -$0.4, with high estimates of -$0.35 and low estimates of -$0.48.
Analysts are recommending an EPS of between -$1.07 and -$1.73 for the fiscal current year, implying an average EPS of -$1.42. EPS for the following year is -$0.95, with 3 analysts recommending between -$0.51 and -$1.46.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $41.41M. It ranges from a high estimate of $41.73M to a low estimate of $41M. As of the current estimate, Inseego Corp’s year-ago sales were $48.75M, an estimated decrease of -15.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $43.65M, a decrease of -18.50% less than the figure of -$15.10% in the same quarter last year. There is a high estimate of $45.15M for the next quarter, whereas the lowest estimate is $42.6M.
A total of 3 analysts have provided revenue estimates for INSG’s current fiscal year. The highest revenue estimate was $191.1M, while the lowest revenue estimate was $175.4M, resulting in an average revenue estimate of $181.2M. In the same quarter a year ago, actual revenue was $195.69M, down -7.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $197.34M in the next fiscal year. The high estimate is $206.91M and the low estimate is $192.2M. The average revenue growth estimate for next year is up 8.90% from the average revenue estimate for this year.
