In a filing, Inseego Corp revealed its Executive Chairman BRACE PHILIP G acquired Company’s shares for reported $0.12 million on Nov 15 ’24. In the deal valued at $12.40 per share,10,000 shares were bought. As a result of this transaction, BRACE PHILIP G now holds 177,763 shares worth roughly $ 2.29 million.
ROTH MKM upgraded its Inseego Corp [INSG] rating to a Buy from a a Neutral in a research note published on November 14, 2024; the price target was increased to $15 from $13. Canaccord Genuity also remained covering INSG and has increased its forecast on March 02, 2022 with a “Buy” recommendation from previously “Hold” rating. Stifel revised its rating on March 02, 2021. It rated INSG as “a Hold” which previously was an “a Buy”.
Price Performance Review of INSG
On Friday, Inseego Corp [NASDAQ:INSG] saw its stock fall -1.60% to $12.91. Over the last five days, the stock has gained 3.36%. Inseego Corp shares have risen nearly 25.83% since the year began. Nevertheless, the stocks have risen 396.54% over the past one year. While a 52-week high of $20.67 was reached on 02/13/25, a 52-week low of $2.08 was recorded on 01/02/25. SMA at 50 days reached $11.52, while 200 days put it at $12.15.
Levels Of Support And Resistance For INSG Stock
The 24-hour chart illustrates a support level at 12.67, which if violated will result in even more drops to 12.42. On the upside, there is a resistance level at 13.29. A further resistance level may holdings at 13.66. The Relative Strength Index (RSI) on the 14-day chart is 56.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.56%. Stochastics %K at 79.54% indicates the stock is a holding.
How much short interest is there in Inseego Corp?
A steep rise in short interest was recorded in Inseego Corp stocks on 2025-01-31, dropping by -0.16 million shares to a total of 0.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 1.15 million shares. There was a decline of -15.95%, which implies that there is a negative sentiment for the stock.
