The stock of iCoreConnect Inc (ICCT) has seen a -14.21% decrease in the past week, with a -71.84% drop in the past month, and a -80.40% decrease in the past quarter. The volatility ratio for the week is 22.37%, and the volatility levels for the past 30 days are at 17.48% for ICCT. The simple moving average for the past 20 days is -55.70% for ICCT’s stock, with a -92.05% simple moving average for the past 200 days.
Is It Worth Investing in iCoreConnect Inc (NASDAQ: ICCT) Right Now?
The 36-month beta value for ICCT is also noteworthy at 0.98. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ICCT is 1.41M, and at present, short sellers hold a 3.28% of that float. The average trading volume of ICCT on March 10, 2025 was 1.10M shares.
ICCT) stock’s latest price update
The stock price of iCoreConnect Inc (NASDAQ: ICCT) has dropped by -14.92 compared to previous close of 0.79. Despite this, the company has seen a fall of -14.21% in its stock price over the last five trading days. globenewswire.com reported 2024-12-19 that OCOEE, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) — iCoreConnect Inc. (NASDAQ: ICCT), a leading provider of cloud-based software and technology solutions, today announced that it filed an amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split of its common stock. The reverse stock split will take effect at 11:59 pm (Eastern Time) on December 20, 2024, and the Company’s common stock will open for trading on The Nasdaq Capital Market on December 23, 2024, on a post-split basis, under the existing ticker symbol
ICCT Trading at -68.60% 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 -98.13% of loss for the given period.
Volatility was left at 17.48%, however, over the last 30 days, the volatility rate increased by 22.37%, as shares sank -70.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -71.89% lower at present.
During the last 5 trading sessions, ICCT fell by -14.21%, which changed the moving average for the period of 200-days by -97.01% in comparison to the 20-day moving average, which settled at $1.5128. In addition, iCoreConnect Inc saw -73.19% 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 ICCT starting from Fundamental Global Inc., who sale 1,000,000 shares at the price of $0.27 back on Dec 10 ’24. After this action, Fundamental Global Inc. now owns 1,223,843 shares of iCoreConnect Inc, valued at $269,000 using the latest closing price.
Fundamental Global Inc., the 10% Owner of iCoreConnect Inc, sale 10,000 shares at $0.17 during a trade that took place back on Dec 12 ’24, which means that Fundamental Global Inc. is holding 1,213,843 shares at $1,725 based on the most recent closing price.
Stock Fundamentals for ICCT
Current profitability levels for the company are sitting at:
- -1.55 for the present operating margin
- 0.68 for the gross margin
The net margin for iCoreConnect Inc stands at -2.63. The total capital return value is set at -15.6. Equity return is now at value -1718.32, with -189.86 for asset returns.
Based on iCoreConnect Inc (ICCT), the company’s capital structure generated 1.34 points at debt to capital in total, while cash flow to debt ratio is standing at -0.69. The debt to equity ratio resting at -3.97. The interest coverage ratio of the stock is -11.44.
Currently, EBITDA for the company is -11.88 million with net debt to EBITDA at -0.51. When we switch over and look at the enterprise to sales, we see a ratio of 1.19. The receivables turnover for the company is 13.84for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
In summary, iCoreConnect Inc (ICCT) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
