Market Analysts see electroCore Inc. [ECOR] gaining to $3.50. Time to buy?

electroCore Inc. [NASDAQ: ECOR] traded at a high on 05/10/21, posting a 13.33 gain after which it closed the day’ session at $1.70. The company report on May 7, 2021 that electroCore Announces First Quarter 2021 Financial Results.

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Record First quarter 2021 net sales of $1.2 million, increased 64% over first quarter 2020 and 30% sequentially.

Company to host a conference call and webcast, May 6, 2021 at 4:30 pm ET.

The results of the trading session contributed to over 1670126 shares changing hands. Over the past one week, the price volatility of electroCore Inc. stands at 10.59% while the volatility over the past one month is 8.97%.

The market cap for ECOR stock reached $84.20 million, with 47.65 million shares outstanding and 31.92 million shares in the current float. Compared to the average trading volume of 3.45M shares, ECOR reached a trading volume of 1670126 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about electroCore Inc. [ECOR]?

BTIG Research have made an estimate for electroCore Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 14, 2020. The new note on the price target was released on November 14, 2019, representing the official price target for electroCore Inc. stock. Previously, the target price had yet another raise to $9, while Cantor Fitzgerald analysts kept a Neutral rating on ECOR stock.

The Average True Range (ATR) for electroCore Inc. is set at 0.15, with the Price to Sales ratio for ECOR stock in the period of the last 12 months amounting to 21.05. The Price to Book ratio for the last quarter was 3.09, with the Price to Cash per share for the same quarter was set at 0.51.

How has ECOR stock performed recently?

electroCore Inc. [ECOR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.41. With this latest performance, ECOR shares dropped by -13.27% in over the last four-week period, additionally plugging by 11.84% over the last 6 months – not to mention a rise of 77.94% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ECOR stock in for the last two-week period is set at 44.46, with the RSI for the last a single of trading hit 46.83, and the three-weeks RSI is set at 44.01 for electroCore Inc. [ECOR]. The present Moving Average for the last 50 days of trading for this stock 1.9754, while it was recorded at 1.6320 for the last single week of trading, and 1.9033 for the last 200 days.

electroCore Inc. [ECOR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and electroCore Inc. [ECOR] shares currently have an operating margin of -694.65 and a Gross Margin at +50.30. electroCore Inc.’s Net Margin is presently recorded at -672.55.

Return on Total Capital for ECOR is now -90.69, given the latest momentum, and Return on Invested Capital for the company is -92.79. Return on Equity for this stock declined to -99.47, with Return on Assets sitting at -69.55. When it comes to the capital structure of this company, electroCore Inc. [ECOR] has a Total Debt to Total Equity ratio set at 13.01. Additionally, ECOR Total Debt to Total Capital is recorded at 11.51, with Total Debt to Total Assets ending up at 9.50. Long-Term Debt to Equity for the company is recorded at 8.62, with the Long-Term Debt to Total Capital now at 7.63.

Reflecting on the efficiency of the workforce at the company, electroCore Inc. [ECOR] managed to generate an average of -$522,468 per employee. Receivables Turnover for the company is 9.12 with a Total Asset Turnover recorded at a value of 0.10.electroCore Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.00 and a Current Ratio set at 5.20.

Earnings analysis for electroCore Inc. [ECOR]

With the latest financial reports released by the company, electroCore Inc. posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 38.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ECOR.

Insider trade positions for electroCore Inc. [ECOR]

There are presently around $7 million, or 16.60% of ECOR stock, in the hands of institutional investors. The top three institutional holders of ECOR stocks are: VALEO FINANCIAL ADVISORS, LLC with ownership of 1,442,250, which is approximately -4.616% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 1,257,950 shares of the stock with an approximate value of $1.89 million in ECOR stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.51 million in ECOR stock with ownership of nearly 15.825% of the company’s market capitalization.

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Positions in electroCore Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 14 institutional holders increased their position in electroCore Inc. [NASDAQ:ECOR] by around 1,248,981 shares. Additionally, 11 investors decreased positions by around 477,260 shares, while 18 investors held positions by with 3,019,154 shares. The mentioned changes placed institutional holdings at 4,745,395 shares, according to the latest SEC report filing. ECOR stock had 6 new institutional investments in for a total of 507,040 shares, while 4 institutional investors sold positions of 243,472 shares during the same period.

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