As of Thursday close, iCoreConnect Inc. Common stock’s (NASDAQ:ICCT) stock was down -$0.32, moving down -2.61 percent to $11.96. The average number of shares traded per day over the past five days has been 31,480,520 shares. 5 times new highs have been achieved over the past 5 days, with a $11.79 gain in that time frame. In the last twenty days, the average volume was 7,973,585, while in the previous 50 days, it was 3,284,238.
Since last month, ICCT stock rose 12.10%. Shares of the company fell to $0.14 on 08/01/23, the lowest level in the past month. A 52-week high of $12.43 was reached on 08/31/23 after having rallying from a 52-week low of $0.91. Since the beginning of this year, ICCT’s stock price has risen by 17.37% or $11.87, and marked a new high 8 times. However, the stock has declined by -3.78% since its 52-week high.
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ICCT’s revenue fell -8.06% to $1.84 million during the quarter, while net income inched up to $1.86 million.
Technical Picture
This quick technical analysis looks at iCoreConnect Inc. Common stock’s (ICCT) price momentum. With a historical volatility rate of 1,097.68%, the RSI 9-day stood at 96.75% on 31 August.
With respect to its five-day moving average, the current iCoreConnect Inc. Common stock price is up by +6,947.73% percent or $11.79. At present, ICCT shares trade +6,581.56% above its 20-day simple moving average and +10,201.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7,479.21% above its SMA50 and +17,208.25% above its SMA200.
Stochastic coefficient K was 76.95% and Stochastic coefficient D was 68.61%, while ATR was 2.74. Given the Stochastic reading of 57.44% for the 14-day period, the RSI (14) reading has been calculated as 96.80%. As of today, the MACD Oscillator reading stands at 6.36, while the 14-day reading stands at 7.58.
Analyst Ratings
iCoreConnect Inc. Common stock (ICCT) has been rated Buy by analysts. According to 0 brokerage firms, ICCT 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 iCoreConnect Inc. Common stock stock as buy, with 1 recommending it as overweight.
With a median target price of $14.92, the current consensus forecast for the stock is $14.92 – $14.92. Based on these forecasts, analysts predict iCoreConnect Inc. Common stock (ICCT) will achieve an average price target of $14.92.
