This is my take on Inseego (INSG.
I started watching and looking into INSG in the beginning of October. In the initial phase of my investigation I liked what I saw. I felt the things they were working on, and the products they already had, were very innovative and caught the attention of some very big companies. They were making products that these big companies wanted to further themselves in the 5G market.
Another thing I liked about INSG is it’s price. On October 28th, 2019 I bought 1000 shares at $5.60. You can read the short post reporting this at, Bought 1000 Shares of Inseego Corp.
Inseego is a small USA based Company, belongs to Technology sector and Communication Equipment industry. Inseego has the market capitalization of $660 Million, and growing. Below is a business summery taken from my brokerage account’s Inseego page.
Inseego Corp provides fifth generation (5G) and intelligent Internet of things (IoT) device-to-cloud solutions. The Company serves service providers, distributors, consumers, and the enterprise. Its fourth generation (4G) Long-Term Evolution (LTE) Advanced and 5G New Radio (NR) hardware products are powered by MiFi technology and include mobile hotspots, industrial gateways and routers, home and enterprise routers, industrial universal serial bus (USB) modems, and telematics and mobile tracking hardware devices supported by applications software and cloud services. Its software as a service (SaaS) platforms include Ctrack, an asset tracking and management solution that provides business intelligence for fleets used in various verticals, including aviation, construction, government, and transport; and Device Management Solutions, a hosted subscription management platform that enables organizations to manage the selection, deployment, and spend of their wireless assets.
Inseego is a true pioneer of 5G products and intelligent (Internet of Things) IoT device-to-cloud solutions, and is extending its industry leadership with a full lineup of new second-generation 5G devices. One of it’s many products drawing a lot of attention is it’s mobile hot spot. I read it is the best out there, and is used by Verizon exclusively. This is only a small part of what they’re doing. As I said, they are already in the second-generation of 5G.
Let’s take a look at performance. Inseego has shown a weekly performance of 16.6% and monthly performance stands at 23%.
The stock has shown a quarterly performance of 73.43% and a half-year performance stands at 72.71%. I bought in October and I’m up 55.7%
If you look at the Simple Moving Averages (SMA), They are almost perfect to my liking. The stock is 36% above it’s 50 day SMA while it’s 64% above it’s 200 day SMA. The other SMA I watch is the 8 Day SMA (The T Line), Which is well above both the 50 day and the 200 day SMA. The only technical analysis item I’m not crazy about is the Relative Strength Index (RSI), it’s a little above 70.
Analyst recommendation for this stock stands at 5 Buy ratings and 1 Hold.
There is really to much information about Inseego and their products to write about in this short post. I suggest, if interested in this stock do some homework. You just have to Google the name. At the moment it’s a relatively small company and a low priced stock but I don’t think it will stay that way. Yesterday it closed at $8.72.
In my post reporting me buying of the 1000 shares I mentioned I might consider the stock for a Wealth Builder portfolio. It is held by the top 10 hedge funds and most big investors, however, I still read articles of writer who are skeptical. At the moment it is not in one of my portfolios but if it does get in it will be the 5 Star Trading Portfolio and possibly the Stock Alternative Portfolio.
Do your homework and check out this low priced stock.
Successful trading,
Steve
The Options Coach