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Inogen, Inc. (INGN)

Healthcare | Medical Devices | Beverly, United States | NasdaqGS
6.34 USD -0.08 (-1.246%) ⇩ (Oct. 13, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 11:33 a.m. EDT

The investment case for Inogen is currently broken by a severe fundamental deterioration that outweighs any speculative hope of a turnaround. The company is trading at a fraction of its book value ($6.18 vs $6.54) because it is actively destroying shareholder capital: it reported negative free cash flow (-$1.7M) and negative operating cash flow (-$2.5M) while posting a -13% return on equity. The balance sheet is fragile, with debt-to-equity at 9%, indicating that the company is leveraged against a backdrop of shrinking earnings power. The price history confirms this structural decay. Over the last nine years, the stock has lost 86.6% of its value. While there was a brief resurgence in 2024, the most recent annual performance shows another decline, capping a decade-long trend of value destruction. The market has correctly priced this as a failing business; a low P/E here is not a bargain, but a reflection of zero expected growth and persistent losses. Short-term, the sentiment remains bearish. Options data reveals a massive skew toward put buying, with investors aggressively hedging against further drops rather than betting on a recovery. The statistical forecast model offers no help, showing a weak, statistically insignificant lean downward. With no dividend to provide income and a trajectory of consistent underperformance, this security warrants avoidance until the cash burn stops and profitability returns.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.144223
AutoETS0.145646
AutoTheta0.149440
AutoARIMA0.150917

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 38%
H-stat 4.74
Ljung-Box p 0.000
Jarque-Bera p 0.009
Excess Kurtosis 0.50
Attribute Value
Sector Healthcare
Debt to Equity Ratio 9.032
Revenue per Share 13.046
Market Cap 168,253,056
Forward P/E -39.63
Beta 1.50
Profit Margins -6.94%
Website https://www.provider.inogen.com

As of Oct. 10, 2026, 11:33 a.m. EDT: Speculators are overwhelmingly positioning for downside protection rather than upside participation. Put open interest significantly exceeds call open interest across all expirations, with heavy concentration in out-of-the-money strikes (e.g., $5.00 puts vs. $10.00 calls). This distribution suggests a 'bear put spread' mentality where traders are betting on continued weakness or seeking cheap insurance against further drops, rather than anticipating a rally.


Info Dump

Attribute Value
52 Week Change -0.24647886
Address1 500 Cummings Center
Address2 Suite 2800
All Time High 287.79
All Time Low 4.13
Ask 8.17
Ask Size 2
Audit Risk 5
Average Analyst Rating 1.5 - Strong Buy
Average Daily Volume10 Day 388,260
Average Daily Volume3 Month 296,957
Average Volume 296,957
Average Volume10Days 388,260
Beta 1.498
Bid 4.63
Bid Size 2
Board Risk 5
Book Value 6.542
City Beverly
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 6.34
Current Ratio 2.74
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 6.5
Day Low 6.32
Debt To Equity 9.032
Display Name Inogen
Dividend Yield 0.0
Earnings Call Timestamp End 1,786,050,000
Earnings Call Timestamp Start 1,786,050,000
Earnings Timestamp 1,786,046,400
Earnings Timestamp End 1,793,908,800
Earnings Timestamp Start 1,793,908,800
Ebitda -8,085,000
Ebitda Margins -0.022820001
Enterprise To Ebitda -9.71
Enterprise To Revenue 0.222
Enterprise Value 78,508,056
Eps Current Year -0.28
Eps Forward -0.16
Eps Trailing Twelve Months -0.92
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 5.6344
Fifty Day Average Change 0.70560026
Fifty Day Average Change Percent 0.12523077
Fifty Two Week Change Percent -24.647886
Fifty Two Week High 9.13
Fifty Two Week High Change -2.79
Fifty Two Week High Change Percent -0.30558598
Fifty Two Week Low 5.045
Fifty Two Week Low Change 1.2950001
Fifty Two Week Low Change Percent 0.25668982
Fifty Two Week Range 5.045 - 9.13
Financial Currency USD
First Trade Date Milliseconds 1,392,388,200,000
Float Shares 23,126,834
Forward Eps -0.16
Forward P E -39.625
Free Cashflow -1,768,500
Full Exchange Name NasdaqGS
Full Time Employees 753
Fullday Change -0.07999992
Fullday Change Percent -1.2461047
Fullday Price 6.34
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.44506
Gross Profits 157,687,008
Has Pre Post Market Data 1
Held Percent Insiders 0.12945
Held Percent Institutions 0.80361
Implied Shares Outstanding 26,538,337
Industry Medical Devices
Industry Disp Medical Devices
Industry Key medical-devices
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary Inogen, Inc., a medical technology company, develops, manufactures, and markets respiratory health products in the United States and internationally. The company offers portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. It provides Inogen One and Inogen Rove, an ambulatory solution for long-term oxygen therapy; Rove 4, a portable oxygen concentrator; Rove 6 concentrator; Inogen Voxi 5, a stationary oxygen concentrator; Aurora for continuous positive airway pressure; CPAP masks; Simeox for airway clearance treatment; and related accessories. It also rents its products directly to patients. Inogen, Inc. was incorporated in 2001 and is headquartered in Beverly, Massachusetts.
Long Name Inogen, Inc.
Market us_market
Market Cap 168,253,056
Market State PRE
Max Age 86,400
Message Board Id finmb_7701753
Most Recent Quarter 1,782,777,600
Net Income To Common -24,595,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 135,106,673
Number Of Analyst Opinions 2
Open 6.44
Operating Cashflow -2,515,000
Operating Margins -0.05134
Overall Risk 5
Payout Ratio 0.0
Phone 805 562 0500
Previous Close 6.42
Price Eps Current Year -22.642859
Price Hint 2
Price To Book 0.96912265
Price To Sales Trailing12 Months 0.47488332
Profit Margins -0.06942
Quick Ratio 2.141
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.5
Region US
Regular Market Change -0.0799999
Regular Market Change Percent -1.2461
Regular Market Day High 6.5
Regular Market Day Low 6.32
Regular Market Day Range 6.32 - 6.5
Regular Market Open 6.44
Regular Market Previous Close 6.42
Regular Market Price 6.34
Regular Market Time 1,791,921,601
Regular Market Volume 293,052
Return On Assets -0.05844
Return On Equity -0.1314
Revenue Growth 0.03
Revenue Per Share 13.046
Sand P52 Week Change 0.17502642
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 8
Shares Outstanding 26,538,337
Shares Percent Shares Out 0.0555
Shares Short 1,473,603
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 1,462,458
Short Name Inogen, Inc
Short Percent Of Float 0.056599997
Short Ratio 4.32
Source Interval 15
State MA
Symbol INGN
Target High Price 12.0
Target Low Price 12.0
Target Mean Price 12.0
Target Median Price 12.0
Total Cash 105,539,000
Total Cash Per Share 3.977
Total Debt 15,794,000
Total Revenue 354,304,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.92
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 6.22235
Two Hundred Day Average Change 0.11765003
Two Hundred Day Average Change Percent 0.018907651
Type Disp Equity
Volume 293,052
Website https://www.provider.inogen.com
Zip 1,915