Inseego (INSG) Expected to Announce Earnings on Wednesday

Inseego (NASDAQ:INSG) is projected to release its earnings data after the market closes on Wednesday, February 19th. Analysts expect Inseego to post earnings of $0.02 per share and revenue of $45.56 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Inseego Price Performance

NASDAQ INSG opened at $12.91 on Tuesday. Inseego has a 1 year low of $2.08 and a 1 year high of $20.67. The stock has a market capitalization of $193.13 million, a PE ratio of -7.17 and a beta of 1.50. The company’s 50 day simple moving average is $11.44 and its two-hundred day simple moving average is $13.77.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen decreased their price target on shares of Inseego from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Roth Capital raised shares of Inseego from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 14th. Stifel Nicolaus reduced their target price on shares of Inseego from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Finally, Roth Mkm raised shares of Inseego from a “neutral” rating to a “buy” rating and increased their target price for the company from $13.00 to $15.00 in a report on Thursday, November 14th.

About Inseego

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.