News stories about Inseego Corp. (NASDAQ:INSG) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Inseego Corp. earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.0562136377011 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Inseego Corp. (NASDAQ:INSG) traded down 1.42% during mid-day trading on Monday, reaching $1.39. 75,394 shares of the company traded hands. The firm has a 50 day moving average of $1.22 and a 200-day moving average of $1.62. Inseego Corp. has a 52 week low of $0.87 and a 52 week high of $3.74. The stock’s market capitalization is $78.11 million.

Inseego Corp. (NASDAQ:INSG) last issued its quarterly earnings results on Monday, August 7th. The technology company reported ($0.21) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.21). Inseego Corp. had a negative return on equity of 204.22% and a negative net margin of 32.34%. The business had revenue of $59.91 million for the quarter, compared to analyst estimates of $55.11 million. On average, equities research analysts expect that Inseego Corp. will post ($0.35) EPS for the current fiscal year.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Inseego Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Canaccord Genuity increased their price objective on shares of Inseego Corp. from $1.25 to $1.50 and gave the company a “hold” rating in a research report on Tuesday, August 8th. Northland Securities set a $2.00 price objective on shares of Inseego Corp. and gave the company a “buy” rating in a research report on Monday, August 14th. Finally, ValuEngine raised shares of Inseego Corp. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th.

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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.

Insider Buying and Selling by Quarter for Inseego Corp. (NASDAQ:INSG)

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