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Insignia Systems Inc. (NASDAQ: ISIG) Could Slash -122.69% Soon

Insignia Systems Inc. (NASDAQ:ISIG) price on Thursday, May 26, rose 21.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.43.

A look at the stock’s price movement, the close in the last trading session was $7.76, moving within a range at $7.65 and $10.45. The beta value (5-Year monthly) was 1.63. Turning to its 52-week performance, $35.50 and $4.93 were the 52-week high and 52-week low respectively. Overall, ISIG moved 14.30% over the past month.

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Insignia Systems Inc.’s market cap currently stands at around $16.79 million, with investors looking forward to this quarter’s earnings report slated for Mar 07, 2022 – Mar 11, 2022.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that ISIG is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend ISIG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

ISIG’s current price about 24.15% and 10.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.75, while 7-day volatility ratio is 12.99% and 7.78% in the 30-day chart. Further, Insignia Systems Inc. (ISIG) has a beta value of 1.79, and an average true range (ATR) of 0.72. Analysts have given the company’s stock an average 52-week price target of $21.00, forecast between a low of $21.00 and high of $21.00. Looking at the price targets, the low is -122.69% off current price level while to achieve the yearly target high, price needs to move -122.69%. Nonetheless, investors will most likely welcome a -122.69% jump to $21.00 which is the analysts’ median price.

In the market, a comparison of Insignia Systems Inc. (ISIG) and its peers suggest the former has performed considerably stronger. Data shows ISIG’s intraday price has changed 21.52% in last session and 35.68% over the past year. Comparatively, AutoWeb Inc. (AUTO) has moved 0.00% on the day and only -81.91% in the past 12 months. Looking at another peer, we see that SPAR Group Inc. (SGRP) price has dipped -0.81% on the day. However, the stock is -19.18% off its price a year ago. Moreover, National CineMedia Inc. (NCMI) is also up 5.13% in trading on the day while keeping a a downtrend of -75.74% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.99% and 1.61% respectively in the last trading.

If we refocus on Insignia Systems Inc. (NASDAQ:ISIG), historical trading data shows that trading volumes averaged 708.52K over the past 3 months. The company’s latest data on shares outstanding shows there are 1.78 million shares.

The 3.30% of Insignia Systems Inc.’s shares are in the hands of company insiders while institutional holders own 14.30% of the company’s shares. Current price change has pushed the stock -59.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ISIG stock continues to rise going into the next quarter.

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