Inseego Corp (NASDAQ:INSG)’s traded shares stood at 0.33 million during the last session, with the company’s beta value hitting 1.36. At the close of trading, the stock’s price was $3.00, to imply an increase of 23.97% or $0.58 in intraday trading. The INSG share’s 52-week high remains $12.30, putting it -310.0% down since that peak but still an impressive 46.0% since price per share fell to its 52-week low of $1.62. The company has a valuation of $35.64M, with an average of 104.83K shares over the past 3 months.
Inseego Corp (NASDAQ:INSG) trade information
After registering a 23.97% upside in the last session, Inseego Corp (INSG) has traded red over the past five days. The stock hit a weekly high of 3.17, jumping 23.97% in its intraday price action. The 5-day price performance for the stock is 29.31%, and -1.32% over 30 days. With these gigs, the year-to-date price performance is 36.49%.
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 -21.26% down over the last 6 months, with its year-to-date growth rate higher than industry average at 52.52% against 20.50%. 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 in May. 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%.
