As of Wednesday close, electroCore Inc.’s (NASDAQ:ECOR) stock traded at $0.30. The average number of shares traded per day over the past five days has been 568,760 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0090 gain in that time frame. In the last twenty days, the average volume was 634,715, while in the previous 50 days, it was 354,126.
Since last month, ECOR stock rose 7.10%. Shares of the company fell to $0.1950 on 11/09/22, the lowest level in the past month. A 52-week high of $0.98 was reached on 01/12/22 after having rallying from a 52-week low of $0.19. Since the beginning of this year, ECOR’s stock price has dropped by -48.48% or -$0.2824, and marked a new high 3 times. However, the stock has declined by -69.38% since its 52-week high.
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ECOR stock investors should be aware that electroCore Inc. (ECOR) stock had its last reported insider trading activity 7 days ago on Nov 17. Errico Joseph P, the Director of the company, purchased of 100,000 shares for $0.31 on Nov 17. It resulted in a $31,240 investment by the insider. Errico Joseph P added 100,000 shares at an average price of $0.29 on Nov 16. The insider now owns 2,068,854 shares following the transaction. On Nov 14, Director Errico Joseph P bought 100,000 shares at $0.24 apiece. The transaction was valued at $23,990.
The stock’s beta is 0.82. Besides these, the trailing price-to-sales (P/S) ratio of 2.80, the price-to-book (PB) ratio of 0.97.
In the three months ended June 29, electroCore Inc.’s quick ratio stood at 3.50, while its current ratio was 3.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 83.10% percent. Based on annual data, ECOR earned $4.07 million in gross profit and brought in $5.45 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -47.10%. Return on equity (ROE) for the past 12 months was -72.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ECOR’s revenue rose 24.75% to $2.16 million during the quarter, while net income inched up to $1.98 million. While analysts expected electroCore Inc. to report -$0.07 quarterly earnings, the actual figure was -$0.08 per share, beating the consensus estimate by -14.30%. During the quarter, the company generated -$5.4 million in EBITDA. The liabilities of electroCore Inc. were 7.29 million at the end of its most recent quarter ended June 29, and its total debt was $0.73 million. The value of shareholders’ equity is $71.18 million.
This quick technical analysis looks at electroCore Inc.’s (ECOR) price momentum. With a historical volatility rate of 159.32%, the RSI 9-day stood at 51.75% on 23 November.
With respect to its five-day moving average, the current electroCore Inc. price is up by +3.09% percent or $0.0090. At present, ECOR shares trade +9.29% above its 20-day simple moving average and -40.31% percent below its 100-day simple moving average. However, the stock is currently trading approximately -39.19% below its SMA50 and -53.83% below its SMA200.
Stochastic coefficient K was 59.88% and Stochastic coefficient D was 66.11%, while ATR was 0.0559. Given the Stochastic reading of 51.37% for the 14-day period, the RSI (14) reading has been calculated as 49.47%. As of today, the MACD Oscillator reading stands at 0.0198, while the 14-day reading stands at 0.0427.
BTIG Research upgraded its rating on electroCore Inc. (NASDAQ: ECOR) to a Buy in a note to investors on August 14, 2020. The analysts firm previously had a Neutral rating on the stock.electroCore Inc. (ECOR) has been rated Buy by analysts. According to 0 brokerage firms, ECOR is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate electroCore Inc. stock as buy, with 3 recommending it as overweight.