Inseego Corp (NASDAQ:INSG)’s traded shares stood at 87440.0 during the last session, with the company’s beta value hitting 1.34. At the close of trading, the stock’s price was $2.80, to imply a decrease of -2.10% or -$0.06 in intraday trading. The INSG share’s 52-week high remains $12.30, putting it -339.29% down since that peak but still an impressive 42.14% since price per share fell to its 52-week low of $1.62. The company has a valuation of $33.26M, with an average of 79360.0 shares in intraday trading volume over the past 10 days and average of 107.26K shares over the past 3 months.
Inseego Corp (NASDAQ:INSG) trade information
After registering a -2.10% downside in the last session, Inseego Corp (INSG) has traded red over the past five days. The stock hit a weekly high of 3.12, dropping -2.10% in its intraday price action. The 5-day price performance for the stock is -11.39%, and 25.56% over 30 days. With these gigs, the year-to-date price performance is 27.39%. Short interest in Inseego Corp (NASDAQ:INSG) saw shorts transact 0.69 million shares and set a 5 days time to cover.
Inseego Corp (INSG) estimates and forecasts
Looking at statistics comparing Inseego Corp share performance against respective industry, we note that the company has outperformed competitors. Inseego Corp (INSG) shares are -31.20% down over the last 6 months, with its year-to-date growth rate higher than industry average at 52.52% against 19.00%. Revenue is forecast to shrink -135.00% this quarter before falling -100.00% for the next one. The rating firms project that company’s revenue will shrink -7.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $41.41 million. Meanwhile, for the quarter ending Jun 2024, a total of 3 analyst(s) estimate revenue growth to $43.65 million.Earnings reports from the last fiscal year show that sales brought in $48.75 million and $53.56 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -15.10% before dropping -18.50% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -28.82% for the past 5-year period. While 2024 is set for a 5.17% return in earnings, projections for the next 5 years are at 20.00% annually.
INSG Dividends
Inseego Corp has its next earnings report out between May 01 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Inseego Corp has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Inseego Corp (NASDAQ:INSG)’s Major holders
Inseego Corp insiders hold 2.05% of total outstanding shares, with institutional holders owning 36.48% of the shares at 37.24% float percentage. In total, 36.48% institutions holds shares in the company, led by Aviva Holdings Ltd.. As of Jun 29, 2023, the company held over 20.65 million shares (or 17.67% of shares), all amounting to roughly $13.29 million.
The next major institution holding the largest number of shares is Vanguard Group Inc with 4.49 million shares, or about 3.84% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $2.89 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Inseego Corp (INSG) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 3.04 million shares. This is just over 2.60% of the total shares, with a market valuation of $1.96 million. Data from the same date shows that the other fund manager holds a little less at 1.1 million, or 0.94% of the shares, all valued at about 0.71 million.
