INSG: longBullish price action + Uptrend
Going up towards precious swing high
Possible breakout near resistance
Possible pullback setup near lower support levels
INSG trade ideas
INSG round 2Looks like theres potential for another 20% climb on INSG in the next 1-3 weeks. This looks really convincing on the 4 hour candles and MACD however it looks slightly uncertain on the daily candles.
I'm looking for an entry on Monday-Wed around 7.20-7.40 unless it shows definite signs of a trend reversal.
Expecting 10-25% for a swing trade.
Inseego Corp small 5G company with huge potential Entry level $6.29 = Target price $8.00 = Stop loss $5.86
Short interest high at 16.32%
Company details
Engages in design and development of mobile (advanced 4G and 5G NR), IoT and cloud solutions
Earnings call transcript
I would now like to turn the call over to Dan Mondor, Chairman and CEO.
Thank you and hello everyone. I will start my remarks with some important observations. This is an exciting time for Inseego. Our hard work in developing the world's first commercially available mobile broadband 5G products is now bearing fruit. Inseego is a clear global leader with our 5G portfolio and we have made tangible progress towards our strategic goals in the third quarter. We have lot left to do to fully take advantage of this opportunity but the management team and the Board of Directors are pleased with our progress so far.
Looking ahead, we remain confident in our 5G prospects and are building a strong foundation to provide significant revenue and cash flow generation starting in mid-2020. We recorded the highest revenue quarter in recent history of $62.7 million which is up 24% year-over-year and 12% sequentially. Most importantly, we are very pleased that we are ahead of expectations and on track to recognize over $10 million of 5G revenue in calendar 2019 coming from 10 carriers in nine countries.
This underscores our strategy of launching new products, winning new customers and expanding into new geographies. Also we are continually working to improve our gross margins where we saw improvements in the third quarter. We expect further progress as we continue to reduce cost on our 4G business and we make a shift to higher margin 5G products starting in mid-2020. With respect to our goal of strengthening our balance sheet, we have many non-dilutive options at our disposal and are currently evaluating the optimal path forward.
While our 4G business was very strong for the first nine months in 2019, we did have one disappointment which you will see in Q4 as a result of a right Verizon promotional change in our flagship 4G hotspot, the MiFi 8800L. Despite this, demand for our 4G products remain strong. In the third quarter, we launched our FirstNet-certified USB800 modem with AT&T and our MiFi 8000 mobile hotspot continues to do well at Sprint, evidenced by increasing sell-through.
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INSG - Bull Divergence In Play - Momentum In SwingsInseego 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.
SHORT INTEREST
12.84M 08/15/19
P/E Current
-2.53
P/E Ratio (with extraordinary items)
-2.83
Average Recommendation: BUY
Average Target Price: 6.67
INSG looking good on the weekly MACDI like the channel and it looks like it's bound to break out in the next week or two. Check out that MACD!
INSG looks good on the weeklyLets see how this one plays out. Seems like a big weekly bull flag and it just broke its channel. Slightly loose stop at 4.5% but that might change soon. I like the MACD on the weekly and daily candles.
INSG - Back to 3.80EN: If you look at the graph, it goes clearly to 3.80. Short-term bearish trend, he has just hit his top line, touched for several times.
FR: Si vous regarder le graphique, il s'en va clairement vers les 3.80.
Tendance baissière court terme, il vient de frapper sa ligne supérieure, touché depuis plusieurs fois.
INSG massive adam+eve long-term holdINSG is one of the few stocks i would recommend buying in these market conditions. 5G long term hold should go to 10+ soon
LONG- Swing OpportunityINSG focuses on 5G technology.They have secured some big contracts with Verizon , Ericson and ...
0.02 per share profit compared to 0.02 loss a year ago.
20 % increase in revenue over year.
INSG Bull FlagLooks like a short squeeze, this thing is trading on borrowed shares (>100% institutional ownership of float). Running for cover when they announced the earnings date (after market close March 7th).
Might double top before earnings, 15 contracts March $15 calls plus 3k shares in my 401k. Will double up on calls if this drops before earnings. Expecting this to throw a bull flag here though, so you may get a better entry next week.
INSGo ParabolicThis money losing stock will go parabolic for 2 reasons:
- 5G hysteria
- Short squeeze
This one is a long term play in my 401k, loaded up while it was under $5. Based on charts, it could go back to $4.6, if it does I'm buying calls in my regular brokerage account.
Like a lot of stocks, it's trading on borrowed shares, institutional holders have over 100% of float. There's a lot of insider holdings as well on this one.
If their 5G products pan out, they might even make a profit, lol, but I don't think it matter either way.
Stage2 with issuesTake away is this is a weaker Stage 2 with long term overhead supply in play and a very nice short term chart to counterbalance. Look for rejection at former highs and make sure relative strength and upward slope are maintained for massive breakout to all time highs.
INSG is impressive to say the least2018 was good and bad for many stocks. It really could have shaken off people from the market. INSG for being a low dollar stock is impressive for the year. I see a stock that is solid as I have ever seen on just the daily technical analysis. I will pay attention to this stock.
Simple trend trading strategyThe EMA 30 & 60 act as medium term support level for the uptrend stock, after the first wave, wait the stock price retrace to the area of the EMAs.
Now can find for a candle with price closed above yesterday's candle, and with the volume higher than yesterday's volume.
Put the stop loss below the nearest turning point, and we can trace the trend until the EMA 60 is broken, or you can set a specific price to take profit, but a good trend should give you at least 2:1 reward to risk ratio.
Of course it is better to find a stock with positive earnings, and stock with earnings growth.
**Only for educational purpose, no buy/sell call.
personal notesaccording to the pattern trend I have a hypothesis this will continue to go on an uptrend
INSG playing in a Rising ChannelINSG needs to bear down to $1.82 to gather steam for its journey back into the rising channel and profit potential. Friday's low volume, i feel, can't sustain the price at $1.89. Something to really consider is that the 50 day MA, should this anticipated movement come to fruition, will be right on the bottom of the pull back $1.82, making this stock poised to run up the hill to $1.97 resistance!
Bear volume was quite dominant in February, while noticeable bull movement still followed.
Double bottom perhaps at $1.81
*Let's see what happens!*
*Disclaimer- I am not a financial advisor. These are merely my opinions. Do your own research and formulate your own opinions regarding any moves you make. Seek professional assistance.
INSG GOING FOR ONE MORE WAVE DOWN?INSG is trading in an ascending channel but it's facing to a resistance area. I'm expecting a rejection in this level for one more wave down. Hidden bearish divergence on 4h chart.
