In the last trading session, 11,325 shares of the Insignia Systems, Inc. (NASDAQ:ISIG) were traded, and its beta was 0.32. Most recently the company’s share price was $6.35, and it changed around -$0.01 or 0% from the last close, which brings the market valuation of the company to $11.33 Million. ISIG currently trades at a discount to its 52-week high of $12.25, offering almost -92.91% off that amount. The share price’s 52-week low was $3.78, which indicates that the current value has risen by an impressive 40.47% since then. We note from Insignia Systems, Inc.’s average daily trading volume that its 10-day average is 20.32 Million shares, with the 3-month average coming to 129.91 Million.
Insignia Systems, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended ISIG as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Insignia Systems, Inc. is expected to report earnings per share of $0 for the current quarter.
Insignia Systems, Inc. (NASDAQ:ISIG): Trading Information
Although ISIG has showed a red trend with a performance of -0.16% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $6.70- on Monday, Apr 05 increased the stock’s daily price by 5.16%. The company’s shares are currently up 0.08% year-to-date, but still up 0.1259 over the last five days. On the other hand, Insignia Systems, Inc. (NASDAQ:ISIG) is 0.04% up in the 30-day period. We can see from the shorts that 47.5 Million shares have been sold at a short interest cover period of 0.37 day (s).
The consensus price target as assigned by Wall Street analysts is $21, which translates to bears needing to increase their stock price by 230.71% from its current value. Analyst projections state that ISIG is forecast to be at a low of $21 and a high of $21. In order for the stock price to hit the forecast high, the stock would need to surge +230.71% from its current level, while the stock would need to crash 230.71% from its current level to reach the projected low.
Insignia Systems, Inc. (ISIG) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -37%. Insignia Systems, Inc. earnings are expected to increase by 15.7% in 2021, but the outlook is negative 0% per year for the next five years.
Insignia Systems, Inc. (NASDAQ:ISIG)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 34.72% of Insignia Systems, Inc. shares, and 22.07% of them are in the hands of institutional investors. The stock currently has a share float of 33.81%. Insignia Systems, Inc. stock is held by 17 institutions, with Renaissance Technologies, LLC being the largest institutional investor. By Dec 30, 2020, it held 7.5% of the shares, which is about 131.61 Thousand shares worth $773.79 Thousand.
Blackrock Inc., with 3.82% or 66.99 Thousand shares worth $393.87 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 30844 shares worth $210.05 Thousand, making up 1.76% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 17.97 Thousand shares worth around $105.64 Thousand, which represents about 1.02% of the total shares outstanding.