Novatel Wireless (MIFI) Receives Analyst Rating

Novatel Wireless (MIFI) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 3 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Novatel Wireless (MIFI) : The highest level Novatel Wireless (MIFI) is projected to reach is $5 for the short term and the lowest estimate is at $3. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $3.92 and the possibility the share price can swing is $0.88.


Also, Northland Securities initiates coverage on Novatel Wireless (NASDAQ:MIFI) The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency announces the price target to $4.75 per share. The rating by the firm was issued on September 6, 2016.

Novatel Wireless (NASDAQ:MIFI): The stock opened in the green at $3 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $3.05 and a low of $2.72 for the day. The stock did not find buyers even at the lows and closed at $2.88 recording a loss of -4.00%. 793,097 shares exchanged hands during the trading day. The stock had closed at $3 in the previous days trading.

Novatel Wireless, Inc. is engaged in designing and development of machine-to-machine (M2M) wireless solutions based on third generation (3G) and fourth generation (4G) technologies. The Company delivers Internet of Things (IoT) and Cloud SaaS services to carriers, distributors, retailers, original equipment manufacturers (OEMs), and vertical markets worldwide. The Companys product lines include MiFi mobile hotspots, universal serial bus (USB) modems, embedded modules, mobile tracking solutions and asset tracking solutions. These products provide anywhere, anytime communications solutions for consumers and enterprises. The Company is headquartered in San Diego, California.

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