Do Analysts Expect Inseego Corp (INSG) Stock to Rise After It Is Higher By 940.91% in a Month?

Analysts who follow Inseego Corp (INSG) on average expect it to decrease -59.26% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns the stock an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating INSG a Hold today. Find out what this means to you and get the rest of the rankings on INSG!

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Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Inseego Corp Stock Today?

Inseego Corp (INSG) stock is trading at $2.29 as of 12:52 PM on Wednesday, Jan 24, a rise of $0.36, or 18.52% from the previous closing price of $1.93. The stock has traded between $1.87 and $2.39 so far today. Volume today is more active than usual. So far 265,443 shares have traded compared to average volume of 68,914 shares. Click Here to get the full Stock Report for Inseego Corp stock.