In the past week, ICCT stock has gone up by 17.70%, with a monthly decline of -11.33% and a quarterly surge of 2.31%. The volatility ratio for the week is 5.48%, and the volatility levels for the last 30 days are 8.19% for iCoreConnect Inc. The simple moving average for the last 20 days is 9.33% for ICCT stock, with a simple moving average of -66.81% for the last 200 days.
Is It Worth Investing in iCoreConnect Inc. (NASDAQ: ICCT) Right Now?
Moreover, the 36-month beta value for ICCT is 0.63. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ICCT is 7.96M and currently, short sellers hold a 2.25% of that float. On April 10, 2024, ICCT’s average trading volume was 265.69K shares.
ICCT) stock’s latest price update
iCoreConnect Inc. (NASDAQ: ICCT) has seen a rise in its stock price by 17.74 in relation to its previous close of 1.13. However, the company has experienced a 17.70% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-10 that Shares of iCoreConnect (NASDAQ: ICCT ) stock heading higher on Wednesday morning as the cloud-based software and technology company sees heavy trading. This has more than 6.9 million shares of ICCT stock changing hands as of this writing.
ICCT Trading at -3.98% 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 -93.57% of loss for the given period.
Volatility was left at 8.19%, however, over the last 30 days, the volatility rate increased by 5.48%, as shares sank -9.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.48% lower at present.
During the last 5 trading sessions, ICCT rose by +16.81%, which changed the moving average for the period of 200-days by +838.83% in comparison to the 20-day moving average, which settled at $1.2095. In addition, iCoreConnect Inc. saw 7.26% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ICCT
Current profitability levels for the company are sitting at:
- -0.96 for the present operating margin
- 0.75 for the gross margin
The net margin for iCoreConnect Inc. stands at -1.35. The total capital return value is set at -1.0. Equity return is now at value -433.70, with -84.11 for asset returns.
Based on iCoreConnect Inc. (ICCT), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is -6.02.
Currently, EBITDA for the company is -4.0 million with net debt to EBITDA at -0.65. When we switch over and look at the enterprise to sales, we see a ratio of 2.35. The receivables turnover for the company is 12.96for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
To wrap up, the performance of iCoreConnect Inc. (ICCT) has been mixed in recent times. The stock has received a mixed of “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.
