The stock of Kore Group Holdings Inc (NYSE: KORE) has increased by 40.36 when compared to last closing price of 1.66.Despite this, the company has seen a gain of 47.47% in its stock price over the last five trading days. benzinga.com reported 2024-07-12 that The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. `
Is It Worth Investing in Kore Group Holdings Inc (NYSE: KORE) Right Now?
The 36-month beta value for KORE is at 2.49. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for KORE is 5.15M, and currently, shorts hold a 1.13% of that float. The average trading volume for KORE on July 24, 2024 was 31.87K shares.
KORE’s Market Performance
KORE’s stock has seen a 47.47% increase for the week, with a -20.83% drop in the past month and a -40.26% fall in the past quarter. The volatility ratio for the week is 16.96%, and the volatility levels for the past 30 days are at 25.01% for Kore Group Holdings Inc The simple moving average for the past 20 days is 38.96% for KORE’s stock, with a -32.26% 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.
Deutsche Bank, on the other hand, stated in their research note that they expect to see KORE reach a price target of $8. The rating they have provided for KORE stocks is “Hold” according to the report published on January 10th, 2022.
Morgan Stanley gave a rating of “Equal-Weight” to KORE, setting the target price at $7.50 in the report published on December 17th of the previous year.
KORE Trading at -14.41% 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 -65.22% of loss for the given period.
Volatility was left at 25.01%, however, over the last 30 days, the volatility rate increased by 16.96%, as shares sank -2.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.82% lower at present.
During the last 5 trading sessions, KORE rose by +47.47%, which changed the moving average for the period of 200-days by -16.79% in comparison to the 20-day moving average, which settled at $1.6700. In addition, Kore Group Holdings Inc saw -52.46% 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 Winstone Louise P, who sale 9,184 shares at the price of $0.95 back on Feb 09 ’24. After this action, Winstone Louise P now owns 64,118 shares of Kore Group Holdings Inc, valued at $8,725 using the latest closing price.
TWILIO INC, the 10% Owner of Kore Group Holdings Inc, sale 5,000,000 shares at $0.57 during a trade that took place back on Dec 11 ’23, which means that TWILIO INC is holding 5,000,000 shares at $2,856,500 based on the most recent closing price.
Stock Fundamentals for KORE
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 0.49 for the gross margin
The net margin for Kore Group Holdings Inc stands at -0.58. The total capital return value is set at 0.25. Equity return is now at value -177.66, with -26.52 for asset returns.
Based on Kore Group Holdings Inc (KORE), the company’s capital structure generated 0.95 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 19.76. The interest coverage ratio of the stock is 2.71.
Currently, EBITDA for the company is 20.0 million with net debt to EBITDA at 18.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.63. The receivables turnover for the company is 4.92for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
In conclusion, Kore Group Holdings Inc (KORE) has had a bad performance lately. Opinion on the stock among analysts is mixed, 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.
