Analysts who follow Inseego Corp (INSG) on average expect it to rise 4.35% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating puts Inseego Corp higher than 78 of stocks, based on data compiled by InvestorsObserver.
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Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Inseego Corp Stock Today?
Inseego Corp (INSG) stock is trading at $6.90 as of 2:26 PM on Monday, Dec 9, a drop of -$0.05, or -0.65% from the previous closing price of $6.94. Volume today is 1,999,844 compared to average volume of 1,663,568. The stock has traded between $6.87 and $7.25 so far today.
