Inseego (INSG) Getting Somewhat Favorable Press Coverage, Study Finds

Media stories about Inseego (NASDAQ:INSG) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Inseego earned a news impact score of 0.23 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.9072227824356 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several analysts have weighed in on INSG shares. ValuEngine cut Inseego from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 3rd. Zacks Investment Research cut Inseego from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Finally, Canaccord Genuity boosted their price objective on Inseego from $1.50 to $1.75 and gave the stock a “hold” rating in a report on Friday, November 3rd.

Inseego (INSG) traded down $0.09 during midday trading on Monday, reaching $1.92. The company had a trading volume of 332,010 shares, compared to its average volume of 278,350. Inseego has a twelve month low of $0.87 and a twelve month high of $3.23. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of -2.59. The company has a market cap of $111.91, a PE ratio of -1.57 and a beta of 0.23.

Inseego (NASDAQ:INSG) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). The company had revenue of $57.46 million during the quarter, compared to analyst estimates of $59.02 million. analysts anticipate that Inseego will post -0.86 EPS for the current fiscal year.

In other Inseego news, Chairman Philip Falcone sold 91,023 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $1.33, for a total transaction of $121,060.59. Following the completion of the transaction, the chairman now owns 28,333 shares of the company’s stock, valued at approximately $37,682.89. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.10% of the company’s stock.

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Inseego Company Profile

Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.

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