Inseego Corp. (INSG) Stock: Why It’s Headed Down

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Inseego Corp. (INSG) is working its way for to the top in the market in today’s trading session. The company, focused on the tech space, is currently trading at $3.71 after a move down of -5.12% so far today. When it comes to technology companies, there are several factors that have the ability to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines centered around INSG:

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Aug-23-19 09:16AM Implied Volatility Surging for Inseego (INSG) Stock Options
Aug-07-19 10:24PM Inseego Corp. (INSG) Q2 2019 Earnings Call Transcript
Aug-06-19 07:05PM Inseego (INSG) Reports Q2 Loss, Tops Revenue Estimates
04:05PM Inseego Reports Second Quarter 2019 Financial Results
Jul-30-19 10:38AM Inseego (INSG) May Report Negative Earnings: Know the Trend Ahead of Next Week’s Release

However, when making a decision to invest, prospective investors should focus on much more than just news, especially in the ever changing technology industry. Here’s what’s going on with Inseego Corp..

Recent Movement From INSG

Although a decline in a single session, like the move that we’re seeing from Inseego Corp. may cause fear in some investors, a single session fall by itself should not be the basis of a decision to, or not to, buy a company’s stock. It’s always smart to look at trends further out than a single trading day. As it relates to INSG, below are the trends that investors have experienced:

  • Past 7 Days – Over the past 7 days, INSG has produced a change in price that amounts to -8.17%.
  • Past 30 Days – The monthly ROI from Inseego Corp. has been -27.11%.
  • Past Three Months – Throughout the past three months, the company has generated a ROI that works out to -29.73%
  • Past Six Months – Over the last 6 months, we have seen a performance that works out to -34.10% from the stock.
  • YTD – Since the the first trading session of this year INSG has resulted in a return of -10.60%.
  • Full Year – Finally, throughout the last full year, investors have seen movement in the amount of 27.49% out of INSG. Over this period of time, the stock has sold at a high price of -38.17% and a low of 24.92%.

Key Ratios

Digging into a few key ratios having to do with a company generally gives prospective investors a look of just how risky and/or rewarding a an investment option may be. Below are some of the most important ratios to look at when digging into INSG.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors have a belief that the stock is headed for declines. Throughout the sector, strong technology stocks can carry a lower short ratio. However, we tend to see quite a few short squeezes in the sector. Nonetheless, in regard to Inseego Corp., it’s short ratio is 9.21.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure whether or not a company can pay for its debts as they mature with only current assets or quick assets. Because in tech, many companies are reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can be damning. Nonetheless, quite a few good picks in the tech industry come with strong quick and current ratios. When it comes to INSG, the quick and current ratios come to 0.20 and 0.40 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets owned by the company. In this particular case, the book to share value ratio works out to -0.47.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value ratio works out to 0.26.

Show Me The Big Money

An interesting fact I’ve learned in my brief period alive, or somewhat alive is that good investors tend to follow the moves made by big money. In general, investors that are looking to keep their investments relatively safe will follow trades made by institutional investors as well as insiders of the company. With that said, is big money flowing when it comes to INSG? Here’s the data:

Institutions own 69.10% of the company. Institutional interest has moved by 6.96% over the past three months. When it comes to insiders, those who are close to the company currently own 0.30% percent of INSG shares. Institutions have seen ownership changes of an accumulative -94.41% over the last three months.

Analyst Opinions Of Inseego Corp.

Although it’s rarely a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to use their analysis when validating your own opinions before making investment decisions in the technology space. Here are the most recent moves that we have seen from analysts with regard to INSG.

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May-24-19 Initiated Cowen Outperform $8
Jan-11-19 Reiterated Canaccord Genuity Buy $5.50 → $6.50
Oct-12-18 Initiated ROTH Capital Buy

Financial Results And Expectations

What have ween seen from INSG in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands at the moment, analysts are expecting that INSG will report earnings per diluted share coming to a total of 0.15, with -0.03 to be reported in the earnings report for the current quarter. Although this information is not tide to earnings, because we are talking about analysts, the stock is currently rated a 1.70 on a scale from 1 to 5 where 1 is the worst average Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the past 5 years, Inseego Corp. has created a change in revenue that comes to a total of -9.60%. Earnings per diluted share through the last half decade have generated a change of 37.50%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings performance, or Q/Q data as it is often explained in the human world, INSG has created a change in earnings in the amount of -26.20%. The company has also seen movement when it comes to revenue that amounts to 13.80%.

What’s The Float Looking Like?

Traders and investors tend to be interested in the amounts of shares both outstanding and available. When it comes to Inseego Corp., there are currently 76.98M with a float of 56.91M. These numbers mean that out of the total of 76.98M shares of INSG that are out there today, 56.91M are able to be traded in the public space.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to INSG, the short percent of the float is 19.95%.

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