Inseego Corp. (INSG) Earning Somewhat Positive Press Coverage, Analysis Finds
News headlines about Inseego Corp. (NASDAQ:INSG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Inseego Corp. earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.3319872651993 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Inseego Corp. (INSG) Stock Rating Reaffirmed by Northland Securities (americanbankingnews.com)
- Independence Contract Drilling, Inc. (ICD) registers a price change of -3.79% while Inseego Corp. (INSG) finishes … – Stocks Gallery (stocksgallery.com)
- Inseego Corp. (NASDAQ:INSG) Sees Light Trading Volume with 3155 Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Inseego Corp. (NASDAQ:INSG) Has Wide Low-High Trading Range Today – Up by 5.90% – First News 24 (firstnewspaper24.com)
- 8 Ways To Play The AI Boom – Benzinga (benzinga.com)
Inseego Corp. (NASDAQ INSG) traded up 4.86% during trading on Friday, reaching $1.51. 311,294 shares of the company traded hands. The firm’s 50 day moving average price is $1.22 and its 200 day moving average price is $1.62. Inseego Corp. has a 12-month low of $0.87 and a 12-month high of $3.23. The firm’s market capitalization is $84.85 million.
Inseego Corp. (NASDAQ:INSG) last announced its quarterly earnings results on Monday, August 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.21). The business had revenue of $59.91 million for the quarter, compared to analyst estimates of $55.11 million. Inseego Corp. had a negative net margin of 32.34% and a negative return on equity of 204.22%. Equities research analysts expect that Inseego Corp. will post ($0.35) earnings per share for the current year.
Several equities analysts recently issued reports on INSG shares. Zacks Investment Research lowered shares of Inseego Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. ValuEngine upgraded shares of Inseego Corp. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Northland Securities set a $2.00 target price on shares of Inseego Corp. and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Canaccord Genuity boosted their target price on shares of Inseego Corp. from $1.25 to $1.50 and gave the company a “hold” rating in a report on Tuesday, August 8th.
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About Inseego Corp.
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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