ElectroCore Inc (ECOR) Stock: Analyzing the Market Value

The 36-month beta value for ECOR is at 0.63. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for ECOR is 5.21M, and currently, shorts hold a 0.50% of that float. The average trading volume for ECOR on October 28, 2024 was 27.50K shares.

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ECOR) stock’s latest price update

ElectroCore Inc (NASDAQ: ECOR)’s stock price has gone rise by 10.06 in comparison to its previous close of 10.34, however, the company has experienced a 41.54% increase in its stock price over the last five trading days. proactiveinvestors.co.uk reported 2024-10-23 that Ecora Resources PLC’s (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) comments regarding the Voisey’s Bay cobalt operation stream were the most significant component of its third quarter update, according to Peel Hunt. The four deliveries in the quarter matched the total deliveries for all of 2023, notes the broker.

ECOR’s Market Performance

ECOR’s stock has risen by 41.54% in the past week, with a monthly rise of 70.74% and a quarterly rise of 88.72%. The volatility ratio for the week is 9.64% while the volatility levels for the last 30 days are 7.23% for ElectroCore Inc The simple moving average for the past 20 days is 37.19% for ECOR’s stock, with a 72.15% simple moving average for the past 200 days.

Analysts’ Opinion of ECOR

Many brokerage firms have already submitted their reports for ECOR stocks, with BTIG Research repeating the rating for ECOR by listing it as a “Buy.” The predicted price for ECOR in the upcoming period, according to BTIG Research is $3.50 based on the research report published on August 14, 2020 of the previous year 2020.

Cantor Fitzgerald gave a rating of “Neutral” to ECOR, setting the target price at $9 in the report published on September 26th of the previous year.

ECOR Trading at 62.38% from the 50-Day Moving Average

After a stumble in the market that brought ECOR to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 7.06% of gains for the given period.

Volatility was left at 7.23%, however, over the last 30 days, the volatility rate increased by 9.64%, as shares surge +68.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +89.98% upper at present.

During the last 5 trading sessions, ECOR rose by +41.54%, which changed the moving average for the period of 200-days by +86.25% in comparison to the 20-day moving average, which settled at $8.29. In addition, ElectroCore Inc saw 91.20% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ECOR starting from Errico Thomas J., who purchase 5,000 shares at the price of $6.12 back on Aug 15 ’24. After this action, Errico Thomas J. now owns 233,818 shares of ElectroCore Inc, valued at $30,595 using the latest closing price.

GANDOLFO JOHN P, the Director of ElectroCore Inc, purchase 1,000 shares at $6.43 during a trade that took place back on Jun 13 ’24, which means that GANDOLFO JOHN P is holding 50,704 shares at $6,430 based on the most recent closing price.

Stock Fundamentals for ECOR

Current profitability levels for the company are sitting at:

  • -0.68 for the present operating margin
  • 0.84 for the gross margin

The net margin for ElectroCore Inc stands at -0.67. The total capital return value is set at -0.96. Equity return is now at value -153.49, with -77.78 for asset returns.

Based on ElectroCore Inc (ECOR), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -2.47. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is -121.89.

Currently, EBITDA for the company is -17.55 million with net debt to EBITDA at 0.5. When we switch over and look at the enterprise to sales, we see a ratio of 3.14. The receivables turnover for the company is 39.56for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.48.

Conclusion

In conclusion, ElectroCore Inc (ECOR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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