Somewhat Positive Press Coverage Somewhat Unlikely to Impact Inseego Corp. (INSG) Share Price

News coverage about Inseego Corp. (NASDAQ:INSG) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Inseego Corp. earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.3942808620784 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Shares of Inseego Corp. (NASDAQ INSG) traded down 1.56% during trading on Thursday, reaching $1.26. The company’s stock had a trading volume of 101,991 shares. Inseego Corp. has a 52-week low of $0.87 and a 52-week high of $3.74. The stock’s 50 day moving average price is $1.23 and its 200-day moving average price is $1.65. The stock’s market cap is $70.80 million.

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

Several brokerages have issued reports on INSG. Canaccord Genuity boosted their price target on Inseego Corp. from $1.25 to $1.50 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Northland Securities set a $2.00 price target on Inseego Corp. and gave the company a “buy” rating in a research note on Monday, June 26th. ValuEngine lowered Inseego Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 16th. Finally, Zacks Investment Research lowered Inseego Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th.

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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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