The stock of iCoreConnect Inc. (ICCT) has gone down by -9.72% for the week, with a -38.68% drop in the past month and a -85.24% drop in the past quarter. The volatility ratio for the week is 11.33%, and the volatility levels for the past 30 days are 13.57% for ICCT. The simple moving average for the past 20 days is -20.17% for ICCT’s stock, with a -84.49% simple moving average for the past 200 days.
Is It Worth Investing in iCoreConnect Inc. (NASDAQ: ICCT) Right Now?
while the 36-month beta value is 0.76.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for iCoreConnect Inc. (ICCT) is $14.92, which is $13.62 above the current market price. The public float for ICCT is 6.82M, and currently, short sellers hold a 1.29% ratio of that floaft. The average trading volume of ICCT on November 20, 2023 was 3.20M shares.
ICCT) stock’s latest price update
The stock of iCoreConnect Inc. (NASDAQ: ICCT) has decreased by -7.80 when compared to last closing price of 1.41.Despite this, the company has seen a loss of -9.72% in its stock price over the last five trading days. The Motley Fool reported 2023-09-06 that iCore sells HIPAA-compliant systems for healthcare companies. The stock began trading on the NASDAQ late last month.
ICCT Trading at -55.27% from the 50-Day Moving Average
After a stumble in the market that brought ICCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.72% of loss for the given period.
Volatility was left at 13.57%, however, over the last 30 days, the volatility rate increased by 11.33%, as shares sank -38.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -78.90% lower at present.
During the last 5 trading sessions, ICCT fell by -9.72%, which changed the moving average for the period of 200-days by +900.00% in comparison to the 20-day moving average, which settled at $1.5875. In addition, iCoreConnect Inc. saw -87.24% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ICCT
Current profitability levels for the company are sitting at:
- -60.12 for the present operating margin
- +55.74 for the gross margin
The net margin for iCoreConnect Inc. stands at -76.11. The total capital return value is set at -104.69, while invested capital returns managed to touch -521.13. Equity return is now at value -6642.22, with -109.17 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 2.34, with the company’s debt to enterprise value settled at 0.31. The receivables turnover for the company is 15.30 and the total asset turnover is 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
Conclusion
In a nutshell, iCoreConnect Inc. (ICCT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
