During the last session, electroCore Inc. (NASDAQ:ECOR)’s traded shares were 0.83 million, with the beta value of the company hitting 1.05. At the end of the trading day, the stock’s price was $0.32, reflecting an intraday gain of 21.20% or $0.05. The 52-week high for the ECOR share is $1.85, that puts it down -478.12 from that peak though still a striking 15.62% gain since the share price plummeted to a 52-week low of $0.27. The company’s market capitalization is $23.57M, and the average intraday trading volume over the past 10 days was 0.52 million shares, and the average trade volume was 381.04K shares over the past three months.
electroCore Inc. (ECOR) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. ECOR has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.07.
electroCore Inc. (NASDAQ:ECOR) trade information
electroCore Inc. (ECOR) registered a 21.20% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 21.20% in intraday trading to $0.32 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -17.31%, and it has moved by -37.29% in 30 days. Based on these gigs, the overall price performance for the year is -79.72%. The short interest in electroCore Inc. (NASDAQ:ECOR) is 1.1 million shares and it means that shorts have 1.92 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.80, which implies an increase of 88.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.50 and $4.75 respectively. As a result, ECOR is trading at a discount of -1384.37% off the target high and -368.75% off the low.
electroCore Inc. (ECOR) estimates and forecasts
Statistics show that electroCore Inc. has underperformed its competitors in share price, compared to the industry in which it operates. electroCore Inc. (ECOR) shares have gone down -65.43% during the last six months, with a year-to-date growth rate less than the industry average at 0.00% against 9.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 50.00% this quarter and then jump 45.50% in the quarter after that. In the rating firms’ projections, revenue will increase 58.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.57 million as predicted by 6 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $1.91 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $928k and $1.2 million respectively. In this case, analysts expect current quarter sales to grow by 69.20% and then jump by 58.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 12.10%. While earnings are projected to return 51.70% in 2022.
electroCore Inc. is due to release its next quarterly earnings between March 09 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
electroCore Inc. (NASDAQ:ECOR)’s Major holders
electroCore Inc. insiders own 12.18% of total outstanding shares while institutional holders control 21.03%, with the float percentage being 23.94%. AWM Investment Company, Inc. is the largest shareholder of the company, while 53 institutions own stock in it. As of Sep 29, 2021, the company held over 4.15 million shares (or 5.87% of all shares), a total value of $4.69 million in shares.
The next largest institutional holding, with 2.61 million shares, is of Valeo Financial Advisors, LLC’s that is approximately 3.70% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $2.95 million.
Also, the Mutual Funds coming in first place with the largest holdings of electroCore Inc. (ECOR) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.69 million shares. This amounts to just over 2.40 percent of the company’s overall shares, with a $1.91 million market value. The same data shows that the other fund manager holds slightly less at 0.56 million, or about 0.79% of the stock, which is worth about $0.63 million.