Inseego Corp. (INSG) Stock: A Good Pick In The technology Space?

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Inseego Corp. (INSG) is making a move up in the market today. The company, focused on the tech space, is currently priced at $5.00 after heading up 5.49% so far today. In terms of tech companies, there are several factors that have the ability to cause gains in the market. One of the most common is news. Here are the recent stories centered around INSG:

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May-15-19 02:54PM Penny Stocks to Watch for May 2019
May-09-19 11:23AM Inseego Corp. (INSG) Q1 2019 Earnings Call Transcript
May-08-19 07:45PM Inseego (INSG) Reports Q1 Loss, Tops Revenue Estimates
06:39PM Inseego: 1Q Earnings Snapshot
04:05PM Inseego Reports First Quarter 2019 Financial Results

Nonetheless, any time investors are making an investing decision, prospective investors should look at far more than news, especially in the ever evolving tech industry. Here’s what’s happing when it comes to Inseego Corp..

Recent Trends From INSG

While a move toward the top in a single session, like the gain that we’re seeing from Inseego Corp. may lead to excitement in some investors, a single session gain alone should not be the basis of a decision to, or not to, invest in a company. It’s always a good idea to look into trends experienced by the stock further out than a single session. In the case of INSG, here are the returns that investors have experienced:

  • Weekly – Over the past week, INSG has produced a price change in the amount of 0.21%.
  • Past 30 Days – The return from Inseego Corp. in the past 30 days comes to -1.04%.
  • Past Three Months – In the last 3 months, the stock has produced a ROI that comes to -3.27%
  • Past 6 Months – In the past 6 months, we have seen a performance that equates to 18.50% from the stock.
  • Year To Date – Since the the last trading session of last year INSG has resulted in a return on investment of 14.22%.
  • Annually – Finally, over the last full year, we’ve seen performance that works out to 156.22% out of INSG. In this period of time, the stock has sold at a high of -16.67% and a low of 203.03%.

Ratios That Are Notable

Looking at a few ratios having to do with a company generally gives investors a view of just how risky and/or rewarding a pick may be. Here are a few of the important ratios to look at when looking at INSG.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the level of short interest. As the short ratio climbs, it shows that more investors believe that the price of the stock is headed for declines. Across the sector, strong technology stocks tend to have a lower short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, in regard to Inseego Corp., it’s short ratio clocks in at 13.35.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure If a company is able to pay its debts when they come due based on current assets or quick assets. In the technology industry, companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can seem bad. Nonetheless, several better companies in the tech sector come with strong quick and current ratios. As far as INSG, the quick and current ratios total up to 1.00 and 1.50 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. In this case, the book to share value ratio works out to -0.44.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. In the case of INSG, the cash to share value comes to 0.44.

Big Money And Inseego Corp.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in INSG, here’s what we’re seeing:

  • Institutional Investors – Currently, institutional investors hold 78.90% of the company. Nonetheless, it is important to consider that institutional ownership has moved in the amount of 1.58% throughout the last 3 months.
  • Investors On The Inside – When it comes to insiders, insiders of the company currently own 0.60% of Inseego Corp.. Insider ownership of the company has changed by -22.59% in the past quarter.

What Analysts Say About Inseego Corp.

Although it’s rarely a good idea to blindly follow the thoughts of analysts, it is a smart idea to use their analysis in order to validate your own before making an investment decision in the tech sector. Below you’ll find the most recent moves that we have seen from analysts when it comes to INSG.

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Jan-11-19 Reiterated Canaccord Genuity Buy $5.50 → $6.50
Oct-12-18 Initiated ROTH Capital Buy

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.26. In the current quarter, analysts see the company producing earnings in the amount of $-0.01. Over the last 5 years, INSG has generated revenue in the amount of $-9.60% with earnings coming in at 37.50%. On a quarter over quarter basis, earnings have seen movement of 24.10% and revenue has seen movement of 4.10%.

What’s The Float Looking Like?

Investors and traders seem to have a heavy interest in the total numbers of shares both available and outstanding. When it comes to Inseego Corp., there are currently 73.29M and there is a float of 48.44M. These numbers mean that out of the total of 73.29M shares of INSG in existence today, 48.44M are available to be traded on the public market.

It’s also important to pay attention to the short float. After all, when a large percentage of the float available for trading is shorted, the overall feeling among traders is that the company is going to fall. As far as it relates to INSG, the percentage of the float that is shorted is 20.41%. Most traders believe that a concerning short percent of the float would be any percentage over 40%. However, I’ve calculated that any short percent of the float over 26% is likely a a play that could prove to be very risky.

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