The stock of Kore Group Holdings Inc (NYSE: KORE) has increased by 58.87 when compared to last closing price of 0.44.Despite this, the company has seen a gain of 65.69% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-12 that KORE Group Holdings, Inc. (KORE) Q3 2023 Earnings Call Transcript

Is It Worth Investing in Kore Group Holdings Inc (NYSE: KORE) Right Now?

, and the 36-month beta value for KORE is at 2.40. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”

The average price suggested by analysts for KORE is $2.30, which is $10.8 above the current market price. The public float for KORE is 33.90M, and currently, shorts hold a 0.93% of that float. The average trading volume for KORE on November 17, 2023 was 65.26K shares.

KORE’s Market Performance

KORE’s stock has seen a 65.69% increase for the week, with a 24.79% rise in the past month and a -10.40% fall in the past quarter. The volatility ratio for the week is 78.57%, and the volatility levels for the past 30 days are at 28.22% for Kore Group Holdings Inc The simple moving average for the past 20 days is 45.34% for KORE’s stock, with a -38.71% simple moving average for the past 200 days.

Analysts’ Opinion of KORE

Many brokerage firms have already submitted their reports for KORE stocks, with ROTH Capital repeating the rating for KORE by listing it as a “Buy.” The predicted price for KORE in the upcoming period, according to ROTH Capital is $13 based on the research report published on January 20, 2022 of the previous year 2022.

KORE Trading at 25.17% from the 50-Day Moving Average

After a stumble in the market that brought KORE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.41% of loss for the given period.

Volatility was left at 28.22%, however, over the last 30 days, the volatility rate increased by 78.57%, as shares surge +25.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.57% upper at present.

During the last 5 trading sessions, KORE rose by +65.69%, which changed the moving average for the period of 200-days by -72.03% in comparison to the 20-day moving average, which settled at $0.4882. In addition, Kore Group Holdings Inc saw -44.51% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at KORE starting from Bahl Romil, who purchase 10,000 shares at the price of $1.44 back on Jun 06. After this action, Bahl Romil now owns 340,004 shares of Kore Group Holdings Inc, valued at $14,350 using the latest closing price.

Bahl Romil, the Pres., Chief Executive Officer of Kore Group Holdings Inc, purchase 10,000 shares at $1.50 during a trade that took place back on Jun 01, which means that Bahl Romil is holding 330,004 shares at $15,000 based on the most recent closing price.

Stock Fundamentals for KORE

Current profitability levels for the company are sitting at:

• -4.18 for the present operating margin
• +31.59 for the gross margin

The net margin for Kore Group Holdings Inc stands at -39.56. The total capital return value is set at -1.74, while invested capital returns managed to touch -16.65. Equity return is now at value -125.33, with -30.09 for asset returns.

Based on Kore Group Holdings Inc (KORE), the company’s capital structure generated 238.33 points at debt to equity in total, while total debt to capital is 70.44. Total debt to assets is 62.52, with long-term debt to equity ratio resting at 234.30. Finally, the long-term debt to capital ratio is 69.25.

When we switch over and look at the enterprise to sales, we see a ratio of 1.63, with the company’s debt to enterprise value settled at 0.88. The receivables turnover for the company is 5.52 and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.

Conclusion

In conclusion, Kore Group Holdings Inc (KORE) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.