Currently, there are 16.92M common shares owned by the public and among those 5.00M shares have been available to trade.
The company’s stock has a 5-day price change of 104.51% and 20.35% over the past three months. KORE shares are trading -44.50% year to date (YTD), with the 12-month market performance down to -22.07% lower. It has a 12-month low price of $1.10 and touched a high of $6.45 over the same period. KORE has an average intraday trading volume of 49.59K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 78.77%, 51.85%, and 3.10% respectively.
Institutional ownership of Kore Group Holdings Inc (NYSE: KORE) shares accounts for 42.92% of the company’s 16.92M shares outstanding.
It has a market capitalization of $59.41M and a beta (3y monthly) value of 2.22. The earnings-per-share (ttm) stands at -$8.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 35.10% over the week and 18.14% over the month.
Analysts forecast that Kore Group Holdings Inc (KORE) will achieve an EPS of -0.44 for the current quarter, -0.51 for the next quarter and -1.49 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.44 while analysts give the company a high EPS estimate of -0.44. Comparatively, EPS for the current quarter was -0.7 a year ago. Earnings per share for the fiscal year are expected to increase by 43.51%, and 74.51% over the next financial year.
Looking at the support for the KORE, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on August 23, 2024, with the firm’s price target at $2. ROTH Capital coverage for the Kore Group Holdings Inc (KORE) stock in a research note released on January 20, 2022 offered a Buy rating with a price target of $13. Deutsche Bank was of a view on January 10, 2022 that the stock is Hold, while Morgan Stanley gave the stock Equal-Weight rating on December 17, 2021, issuing a price target of $7.50. Cowen on their part issued Outperform rating on October 11, 2021.
