Inogen Inc (NASDAQ:INGN) price on Friday, February 28, rose 4.78% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.33.
A look at the stock’s price movement, the close in the last trading session was $7.95. Turning to its 52-week performance, $13.33 and $5.82 were the 52-week high and 52-week low respectively. Overall, INGN moved -33.52% over the past month.
Inogen Inc’s market cap currently stands at around $198.41 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 79M for the company’s revenue for the quarter, with a low and high estimate of 78.1M and 79.8M respectively. The average forecast suggests up to a 1.25% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 350.65M, representing a 4.45% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INGN is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 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, 1 recommend INGN 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
INGN’s current price about -19.14% and -17.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.11, while 7-day volatility ratio is 16.20% and 8.11% in the 30-day chart. Further, Inogen Inc (INGN) has a beta value of 1.19, and an average true range (ATR) of 0.82. Analysts have given the company’s stock an average 52-week price target of $26, forecast between a low of $26 and high of $26. Looking at the price targets, the low is -212.12% off current price level while to achieve the yearly target high, price needs to move -212.12%. Nonetheless, investors will most likely welcome a -212.12% jump to $26 which is the analysts’ median price.
If we refocus on Inogen Inc (NASDAQ:INGN), historical trading data shows that trading volumes averaged 253.60K over the past 3 months. The company’s latest data on shares outstanding shows there are 23.82 million shares.
The 12.71% of Inogen Inc’s shares are in the hands of company insiders while institutional holders own 85.47% of the company’s shares. Current price change has pushed the stock -9.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INGN stock continues to rise going into the next quarter.
