The stock of iCoreConnect Inc. Common stock (NASDAQ:ICCT) decreased by -$3.23 on Monday to finish at $1.59, down -67.01 percent. The last five days have seen an average of 2,303,220 shares of common stock traded. 5 times new highs were reached in the current year, with a gain of $1.50. The average number of shares traded over the last 20 days was 693,565, while the average volume over the last 50 days totaled 361,440.
ICCT stock dropped -85.03% since last month. On 07/31/23, the company’s shares reached a one-month low of $0.14. The stock touched a high of $12.35 on 08/28/23, after rallying from a low of $4.48 in 52 weeks. The price of ICCT stock has declined by -84.40% or $1.50 this year, reaching a new high 5 times. Still, the stock price is down -87.13% from the 52-week high.
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Earnings Surprise
Net income for the quarter came in at $1.86 million, while revenues fell by -8.06% to $1.84 million. At the end of iCoreConnect Inc. Common stock’s most recent quarter, its total debt was $7.8 million.
Technical Picture
Here’s a quick look at iCoreConnect Inc. Common stock’s (ICCT) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 98.07%, suggesting the stock is Overbought, with a 1,032.89% historical volatility rate.
As of today, ICCT’s price is $0.46 +715.38% or $1.40 from its 5-day moving average. iCoreConnect Inc. Common stock’s price is currently up +715.38% or $0.46 over its five-day moving average. ICCT is trading +996.55% higher than its 20-day simple moving average, and +1,236.13% higher than its 100-day simple moving average. In spite of this, the stock is currently trading +899.37% above its SMA50 and +2,201.01% above its SMA200.
The stochastic %K and %D were 40.19% and 37.67% respectively, while the average true range (ATR) was 0.52. Based on the 14-day stochastic reading of 31.42%, the RSI (14) reading is 96.86%. On the 9-day MACD Oscillator, the stock is at 0.31, and the 14-day reading is at 0.37.
Analyst Ratings
Analysts have assigned iCoreConnect Inc. Common stock (ICCT) an Buy rating. ICCT is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is ICCT’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.50 and $0.50, with a median target price of $0.50. In analyzing these forecasts, the average price target given by analysts for iCoreConnect Inc. Common stock (ICCT) is $0.50.
