Inseego (INSG) Earning Somewhat Favorable News Coverage, Study Shows
News coverage about Inseego (NASDAQ:INSG) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Inseego earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.9979782188031 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Global Telematics in Heavy Equipment Market 2018-2023 Outlook by Key Players: Trimble, Topcon, Inseego … (cherrygrrl.com)
- Be Ready for Active Stock: Inseego Corp. (INSG) (bitcoinpriceupdate.review)
- Investor’s Alert: scPharmaceuticals Inc. (NASDAQ:SCPH), Harte Hanks, Inc. (NYSE:HHS), Inseego Corp. (NASDAQ … (stocksnewspoint.com)
- Profitability Ratios in the Spotlight: Inseego Corp. (INSG) (nasdaqfortune.com)
- Wavering Three Stocks: SandRidge Permian Trust (NYSE:PER), Inseego Corp. (NASDAQ:INSG), Centrus Energy Corp … (thestreetpoint.com)
Inseego traded up $0.07, reaching $2.08, during trading on Wednesday, according to Marketbeat. The company’s stock had a trading volume of 1,879 shares, compared to its average volume of 155,947. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of -2.67. The stock has a market capitalization of $119.20 million, a PE ratio of -2.67 and a beta of 0.29. Inseego has a 1-year low of $0.87 and a 1-year high of $2.33.
A number of research firms have issued reports on INSG. ValuEngine upgraded shares of Inseego from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded shares of Inseego from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Thursday, April 26th. Finally, Canaccord Genuity lifted their target price on shares of Inseego from $1.75 to $2.25 and gave the company a “hold” rating in a research note on Thursday, March 8th.
Inseego Company Profile
Inseego Corp., together with its subsidiaries, provides software-as-a-service (SaaS), Internet of Things (IoT), and mobile solutions worldwide. The company sells SaaS, software, and service solutions across multiple IoT vertical markets, including fleet management and vehicle telematics, aviation, usage-based insurance, stolen vehicle recovery, asset tracking and monitoring, business connectivity, and subscription management.
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