Inseego Corp. (INSG): What Does Valuation Ratios Tell Us?

Inseego Corp. (NASDAQ:INSG) saw an upside of 0.90% on Friday at $6.72 after adding $0.06. The 5-day average trading volume is 1,054,908 shares of the company’s common stock. It has gained $7.26 in the past week and touched a new high 1 time within the past 5 days. An average of 1,020,782 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,033,977.

INSG’s 1-month performance is -20.71% or -$1.79 on its low of $6.52 reached on 10/01/21. The company’s shares have touched a 52-week low of $6.57 and high of $21.93, with the stock’s rally to the 52-week high happening on 01/25/21. YTD, INSG has lost -56.95% or -$8.83 and has reached a new high 4 times. However, the current price is down -69.36%% from the 52-week high price.


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Insider Transactions

On Jun 09, 114 days have gone by since the last insider trading activity for Inseego Corp. (INSG). Kahn Doug (EVP of Operations) most recently sold 5,000 shares at $10.13 per share on Jun 09. This transaction cost the insider $50,650. EVP of Operations, Kahn Doug, sold 5,209 shares at a price of $18.30 on Feb 16. Then, on Feb 11, Chairman and CEO Mondor Dan sold 75,000 shares at a price of $19.02 per share. This transaction amounted to $1,426,500.

Valuation Metrics

Inseego Corp. (INSG) has a trailing price-to-earnings (P/E) ratio of 20.91 for the broader industry and 36.63 for the sector, meaning that investors are optimistic about the stock’s future prospects. INSG stock has a beta of 1.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.37.

Inseego Corp.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 2.00 meaning that INSG stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 30.20%The trailing 12-month EBITDA margin is 1.35% while for the period ending June 29; Inseego Corp.’s operating margin was -13.50%. The firm’s gross profit as reported stood at $90.84 million against revenue of $313.83 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Inseego Corp.’s return on assets over the past 12 months stands at -22.40%. Return on investment over the past year is -74.50%, while its return on equity (ROE) trailing 12 months is 317.40%.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected INSG to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.07, representing a 12.50% surprise. EBITDA for the quarter stood at more than -$3.33 million. INSG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 233.65 million, with total debt at $168.36 million. Shareholders hold equity totaling $103.18 million

Technical Picture

Let’s look briefly at Inseego Corp. (INSG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 19.77% to suggest the stock is trending oversold, with historical volatility in this time period at 30.74%.

The stock’s 5-day moving average is $6.77, reflecting a -6.08% or -$0.43 change from its current price. INSG is currently trading -22.43% above its 20-day SMA, -15.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -22.52% and -55.26% respectively.

Stochastic %K and %D was 4.08% and 3.48% and the average true range (ATR) pointed at 0.26. The RSI (14) points at 24.53%, while the 14-day stochastic is at 6.71% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at -0.32 and -0.56 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Inseego Corp. (NASDAQ: INSG), Stifel downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for INSG stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate INSG as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is INSG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $7.50 and a high of $14.00, with their median price target at $9.00. Looking at these predictions, the average price target given by analysts is for Inseego Corp. (INSG) stock is $10.10.

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