In today’s recent session, 1,265,738 shares of the electroCore, Inc.(NASDAQ:ECOR) have been traded, and its beta is 0. Most recently the company’s share price was $2.07, and it changed around -$0.41 or -0.17% from the last close, which brings the market valuation of the company to $97.28 Million. ECOR at last check was trading at a discount to its 52-week high of $3.3, offering almost -59.42% off that amount. The share price’s 52-week low was $0.32, which indicates that the recent value has risen by an impressive 84.54% since then. We note from electroCore, Inc.’s average daily trading volume that its 10-day average is 1.14 Million shares, with the 3-month average coming to 1.66 Million.
electroCore, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 6 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended ECOR as a Hold, whereas 5 deemed it a Buy, and no one rated it as Underweight. electroCore, Inc. is expected to report earnings per share of -$0.1 for the current quarter.
electroCore, Inc. (NASDAQ:ECOR): Trading Information Today
Although ECOR has been showing red trend so far today with a performance of -16.53% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.90- on Wednesday, Feb 17 increased the stock’s daily price by 30.17%. The company’s shares are currently up 0.3% year-to-date, but still down -0.3159 over the last five days. On the other hand, electroCore, Inc. (NASDAQ:ECOR) is -0.24% down in the 30-day period. We can see from the shorts that 811.44 Million shares have been sold at a short interest cover period of 488.82 day(s).
The consensus price target as assigned by Wall Street analysts is $3.83, which translates to bears needing to increase their stock price by 85.02% from its current value. Analyst projections state that ECOR is forecast to be at a low of $3 and a high of $5. In order for the stock price to hit the forecast high, the stock would need to surge +141.55% from its current level, while the stock would need to crash 44.93% from its current level to reach the projected low.
electroCore, Inc. (ECOR) projections and forecasts
electroCore, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +28.5 percent over the past six months and at a 62.34% annual growth rate that is well above the industry average of 16.9%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +65.5% in revenue this quarter, and will report an increase of 63% in the next quarter. The year-over-year growth rate is expected to be 42.7%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $890Million in revenue for the current quarter. 4 analysts expect electroCore, Inc. to make $1.35 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $675Million and $733Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 31.9%. Forecasts for the next quarter put sales growth at 84.2%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. electroCore, Inc. earnings are expected to increase by 19.4% in 2021, but the outlook is negative 0% per year for the next five years.
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electroCore, Inc. (NASDAQ:ECOR)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 29.54% of electroCore, Inc. shares, and 12.87% of them are in the hands of institutional investors. The stock currently has a share float of 18.26%. electroCore, Inc. stock is held by 46 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 1.56% of the shares, which is about 710.44 Thousand shares worth $1.23 Million.
Geode Capital Management, LLC, with 0.65% or 293.93 Thousand shares worth $508.5 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.