Media coverage about Inseego (NASDAQ:INSG) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Inseego earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.256752277557 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research firms have recently commented on INSG. Zacks Investment Research cut Inseego from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut Inseego from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 3rd. Canaccord Genuity increased their target price on Inseego from $1.50 to $1.75 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, Northland Securities reissued a “buy” rating and issued a $2.00 target price on shares of Inseego in a research note on Sunday, October 1st.
Inseego (NASDAQ INSG) remained flat at $$1.67 during trading on Friday. 89,600 shares of the company’s stock traded hands, compared to its average volume of 136,733. The company has a debt-to-equity ratio of -2.59, a current ratio of 1.10 and a quick ratio of 0.78. Inseego has a 1-year low of $0.87 and a 1-year high of $3.23. The company has a market capitalization of $97.33, a PE ratio of -1.37 and a beta of 0.28.
In related news, Chairman Philip Falcone sold 91,023 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $1.33, for a total transaction of $121,060.59. Following the sale, the chairman now directly owns 28,333 shares of the company’s stock, valued at $37,682.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.10% of the company’s stock.
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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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