Critical Analysis: Inseego (INSG) and Its Rivals
Inseego (NASDAQ: INSG) is one of 63 public companies in the “Communications & Networking” industry, but how does it contrast to its competitors? We will compare Inseego to similar companies based on the strength of its risk, institutional ownership, analyst recommendations, dividends, earnings, profitability and valuation.
This table compares Inseego and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a breakdown of current recommendations for Inseego and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Inseego presently has a consensus price target of $1.88, suggesting a potential upside of 7.14%. As a group, “Communications & Networking” companies have a potential upside of 17.53%. Given Inseego’s competitors stronger consensus rating and higher possible upside, analysts plainly believe Inseego has less favorable growth aspects than its competitors.
Insider and Institutional Ownership
12.1% of Inseego shares are owned by institutional investors. Comparatively, 62.1% of shares of all “Communications & Networking” companies are owned by institutional investors. 4.1% of Inseego shares are owned by insiders. Comparatively, 13.2% of shares of all “Communications & Networking” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Risk and Volatility
Inseego has a beta of 0.28, meaning that its stock price is 72% less volatile than the S&P 500. Comparatively, Inseego’s competitors have a beta of 1.15, meaning that their average stock price is 15% more volatile than the S&P 500.
Valuation & Earnings
This table compares Inseego and its competitors top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Inseego||$243.55 million||-$60.57 million||-1.43|
|Inseego Competitors||$3.30 billion||$346.31 million||-83.90|
Inseego’s competitors have higher revenue and earnings than Inseego. Inseego is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Inseego competitors beat Inseego on 11 of the 12 factors compared.
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. It operates in the wireless communications industry in two product categories: M2M Products and Solutions, and Mobile Computing Solutions. M2M Products and Solutions includes its M2M embedded modules, integrated M2M communications devices, Ctrack fleet management platform and its service delivery platforms, Crossroads, DMS, the N4A DM and N4A CMS that provide device management and service enablement. Mobile Computing Solutions includes its MiFi brand of intelligent mobile hotspot devices, USB modems and embedded modules that enable Internet access and data transmission and services via cellular wireless networks.
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