Kore Group Holdings Inc [NYSE: KORE] gained 27.89% or 0.41 points to close at $1.88 with a heavy trading volume of 296593 shares.
The daily chart for KORE points out that the company has recorded -11.21% loss over the past six months.
If we look at the average trading volume of 31.53K shares, KORE reached to a volume of 296593 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Kore Group Holdings Inc [KORE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KORE shares is $7.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KORE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for Kore Group Holdings Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 23, 2024. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on January 20, 2022, representing the official price target for Kore Group Holdings Inc stock. Previously, the target price had yet another raise to $8, while Deutsche Bank analysts kept a Hold rating on KORE stock.
The Average True Range (ATR) for Kore Group Holdings Inc is set at 0.19, with the Price to Sales ratio for KORE stock in the period of the last 12 months amounting to 0.12.
Trading performance analysis for KORE stock
Kore Group Holdings Inc [KORE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 63.03. With this latest performance, KORE shares gained by 4.86% in over the last four-week period, additionally sinking by -11.21% over the last 6 months – not to mention a drop of -55.40% 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 KORE stock in for the last two-week period is set at 66.10, with the RSI for the last a single of trading hit 75.76, and the three-weeks RSI is set at 57.46 for Kore Group Holdings Inc [KORE]. The present Moving Average for the last 50 days of trading for this stock 1.7752, while it was recorded at 1.4200 for the last single week of trading, and 2.6579 for the last 200 days.
Kore Group Holdings Inc [KORE]: A deeper dive into fundamental analysis
Kore Group Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.18 and a Current Ratio set at 1.30.
An analysis of Institutional ownership at Kore Group Holdings Inc [KORE]
There are presently around $67.16%, or 94.23%% of KORE stock, in the hands of institutional investors. The top three institutional holders of KORE stocks are: KIM, LLC with ownership of 10.0 million shares, which is approximately 10.5307%. VANGUARD GROUP INC, holding 1.51 million shares of the stock with an approximate value of $$0.64 million in KORE stocks shares; and VANGUARD GROUP INC, currently with $$0.37 million in KORE stock with ownership which is approximately 0.9292%.
