News coverage about Inseego (NASDAQ:INSG) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates 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 nearest to one being the most favorable. Inseego earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 47.6170232270594 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

INSG has been the subject of a number of research reports. ValuEngine upgraded Inseego from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded 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.

INSG stock traded down $0.04 during midday trading on Friday, reaching $2.55. The company had a trading volume of 11,810 shares, compared to its average volume of 226,697. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of -2.07. Inseego has a fifty-two week low of $1.03 and a fifty-two week high of $2.78. The company has a market cap of $199.86 million, a P/E ratio of -3.28 and a beta of 0.27.

Inseego (NASDAQ:INSG) last issued its earnings results on Tuesday, August 7th. The technology company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The company had revenue of $49.06 million during the quarter, compared to analyst estimates of $46.44 million. analysts expect that Inseego will post -0.38 EPS for the current fiscal year.

About Inseego

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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