Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Inseego (INSG) Stock Analysis - Inseego (INSG) has shown significant recent price momentum with a four-week price change of 20.6% and a 12-week gain of 59.2% [4][5] - The stock has a beta of 1.6, indicating it moves 60% more than the market in either direction, suggesting strong momentum [5] - INSG has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investor interest [7] - INSG is trading at a Price-to-Sales ratio of 0.75, suggesting it is undervalued at 75 cents for each dollar of sales, providing room for growth [7] Group 3: Additional Investment Opportunities - Besides INSG, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, indicating potential investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify winning stock picks [9]

Inseego (INSG) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this holding company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisio ...

Core Viewpoint - Inseego (INSG) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system highlights the strong correlation between changes in earnings estimates and near-term stock price movements, making it a valuable tool for investors [2][3]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to price movements based on their buying or selling actions [3]. Business Improvement Indicators - The upgrade in Zacks Rank for Inseego suggests an improvement in the company's underlying business, which is expected to drive the stock price higher [4]. - The Zacks Rank system effectively captures the impact of earnings estimate revisions, which can be beneficial for investment decisions [5]. Earnings Estimate Revisions for Inseego - For the fiscal year ending December 2024, Inseego is projected to earn $0.13 per share, reflecting a 103.9% increase from the previous year [7]. - Over the past three months, the Zacks Consensus Estimate for Inseego has risen by 74.4%, indicating a positive trend in earnings expectations [7]. Zacks Rank System Overview - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks achieving an average annual return of +25% since 1988 [6]. - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [8][9].

Inseego (INSG) reported $59.15 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 10.4%. EPS of $0.04 for the same period compares to -$0.20 a year ago. The reported revenue represents a surprise of +10.29% over the Zacks Consensus Estimate of $53.63 million. With the consensus EPS estimate being $0.03, the EPS surprise was +33.33%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Inseego (INSG) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.20 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this holding company would post a loss of $0.49 per share when it actually produced a loss of $0.36, delivering a surprise of 26.53%. Over the last four quarters, the company has sur ...

Revenue Performance - Revenues for Q2 2024 were $59.1 million, a 10.4% increase from $53.6 million in Q2 2023[97] - Total revenues for the six months ended June 30, 2024 were $104.2 million, slightly down from $104.4 million in the same period of 2023[107] - Mobile solutions revenues decreased by $0.8 million (1.9%) to $41.1 million, while fixed wireless access solutions revenues fell by $3.9 million (12.4%) to $27.5 million[107][108] - Services and other revenues increased by $4.5 million (14.4%) to $35.5 million, driven by a two-year service contract renewal with a major customer[107] Cost and Expenses - Cost of revenues for Q2 2024 was $36.1 million, representing 61.0% of total revenues, down from 64.7% in Q2 2023[98] - Total cost of revenues increased by $1.4 million (4.2%) compared to the same period last year[99] - Cost of revenues for the six months ended June 30, 2024 was $63.7 million, or 61.2% of revenues, down from $67.3 million (64.5%) in the same period of 2023[108] - Total operating costs and expenses for the six months ended June 30, 2024 were $39.8 million, down from $43.9 million in the same period of 2023, reflecting a 9.5% decrease[111] Profitability - Gross profit for Q2 2024 was $23.0 million, with a gross margin of 39.0%, up from $18.9 million and 35.3% in Q2 2023[101] - The company generated a net loss of $3.8 million for the six months ended June 30, 2024, compared to a net loss of $10.0 million for the same period in 2023[128] Research and Development - Research and development expenses for Q2 2024 were $5.5 million, or 9.3% of revenues, down from $6.3 million (11.7%) in Q2 2023[101] Sales and Marketing - Sales and marketing expenses for Q2 2024 were $5.4 million, or 9.1% of revenues, compared to $5.8 million (10.8%) in Q2 2023[102] General and Administrative - General and administrative expenses for Q2 2024 were $5.8 million, or 9.8% of revenues, up from $5.4 million (10.1%) in Q2 2023[102] Cash Flow and Liquidity - For the six months ended June 30, 2024, the company reported a net cash provided by operating activities of $33.3 million, compared to $12.7 million for the same period in 2023[127] - The company executed a Convertible Debt Repurchase, purchasing $45.9 million of 2025 Convertible Notes at a 30% discount, reducing the principal balance of the notes to $113.0 million[120] - As of June 30, 2024, the company had available cash and cash equivalents totaling $49.0 million, which increased to $48.993 million by the end of the period[119][127] - The company received a $15.0 million upfront payment from a customer in April 2024 related to a two-year service contract, positively impacting liquidity[122] - The company’s liquidity could be compromised if there is any interruption in business operations or failure to generate revenue from new or existing products[124] Foreign Currency Exposure - Approximately 17.2% of total revenue for the six months ended June 30, 2024, was generated from sales denominated in foreign currencies, indicating exposure to foreign currency exchange risk[136] Strategic Focus - The company operates as a single business segment, focusing on cloud-managed wireless broadband and intelligent edge solutions[94] - The company emphasizes the importance of developing new products and maintaining strategic relationships to expand into new markets[83] - The 5G product portfolio is designed for mission-critical applications requiring high security and zero downtime[90] - Inseego's mobile hotspots have been sold to millions of end users, providing secure high-speed broadband access[90] Debt and Obligations - The company had approximately $78.2 million in future payments under non-cancellable purchase obligations as of June 30, 2024[124] - The company recorded dividends of $1.6 million and $1.5 million on its Preferred Stock for the six months ended June 30, 2024, and 2023, respectively[116] - The company has repurchased and/or entered into agreements to repurchase and/or exchange approximately $141.9 million, or 87.7%, of the face value of the outstanding 2025 Convertible Notes[120]

While the term "Internet of Things" (IoT) may not sound very technical, it refers to a technological sector focused on interconnectivity between electronic devices and the data they generate. Examples of this include smart home appliances, like remote-controlled lighting, smart fridges and even devices like Amazon's (NASDAQ:AMZN) Alexa. The purpose of devices like these is to create intelligent data networks that specialize in data collection and analytics for better device efficiency and usage. That said, ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Core Insights - Earnings acceleration is a key indicator of a company's financial health and can lead to stock price increases, as it reflects incremental growth in earnings per share (EPS) [2][3] - Companies with increasing earnings growth percentages are considered fundamentally sound, while stagnant or declining growth can indicate potential issues [4] Screening Parameters - Stocks are screened based on the last two quarter-over-quarter EPS growth rates exceeding previous periods' growth rates, with projected growth rates also expected to be higher [5][6] - Additional criteria include a current stock price of at least $5 and an average 20-day trading volume of 50,000 or more, ensuring adequate liquidity [8] Identified Stocks - Inseego (INSG) is highlighted as a top stock with an expected earnings growth rate of 92.3% for the current year and holds a Zacks Rank 2 (Buy) [9] - AAR (AIR) is noted for its expected earnings growth rate of 15.4% and also has a Zacks Rank 2 [10] - Geopark (GPRK) is recognized with an expected earnings growth rate of 50.9% and a Zacks Rank 2 [10]

Our latest available data shows that INSG has returned about 278.1% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 10.3% on a year-to-date basis. As we can see, Inseego is performing better than its sector in the calendar year. Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Inseego and Micron as they could maintain their solid performance. Inseego is one of 619 companies in the Co ...