During the last session, Kore Group Holdings Inc (NYSE:KORE)’s traded shares were 1.43 million, with the beta value of the company hitting 2.09. At the end of the trading day, the stock’s price was $3.22, reflecting an intraday gain of 18.38% or $0.5. The 52-week high for the KORE share is $6.45, that puts it down -100.31 from that peak though still a striking 65.84% gain since the share price plummeted to a 52-week low of $1.10. The company’s market capitalization is $64.84M, and the average intraday trading volume over the past 10 days was 1.01 million shares, and the average trade volume was 160.85K shares over the past three months.
Kore Group Holdings Inc (KORE) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.00. KORE has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 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 -0.44.
Kore Group Holdings Inc (NYSE:KORE) trade information
Kore Group Holdings Inc (KORE) registered a 18.38% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 18.38% in intraday trading to $3.22, hitting a weekly high. The stock’s 5-day price performance is 119.05%, and it has moved by 101.25% in 30 days. Based on these gigs, the overall price performance for the year is -34.30%. The short interest in Kore Group Holdings Inc (NYSE:KORE) is 37946.0 shares and it means that shorts have 7.91 day(s) to cover.
Kore Group Holdings Inc (KORE) estimates and forecasts
Statistics show that Kore Group Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. Kore Group Holdings Inc (KORE) shares have gone up 107.74% during the last six months, with a year-to-date growth rate less than the industry average at -15.16% against 25.20. In the rating firms’ projections, revenue will increase 2.31% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 70.3M as predicted by 2 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 66.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 72.4M and 75.97M respectively. In this case, analysts expect current quarter sales to shrink by -2.90% and then drop by -12.34% in the coming quarter.
While earnings are projected to return 43.51% in 2025.
KORE Dividends
Kore Group Holdings Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Kore Group Holdings Inc (NYSE:KORE)’s Major holders
Kore Group Holdings Inc insiders own 28.73% of total outstanding shares while institutional holders control 67.16%, with the float percentage being 94.23%. KIM, LLC is the largest shareholder of the company, while 23.0 institutions own stock in it. As of 2024-06-30, the company held over 10.0 million shares (or 10.5307% of all shares), a total value of $21.2 million in shares.
The next largest institutional holding, with 1.51 million shares, is of VANGUARD GROUP INC’s that is approximately 1.5929% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.64 million.
Also, the Mutual Funds coming in first place with the largest holdings of Kore Group Holdings Inc (KORE) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 209.49 shares. This amounts to just over 1.23 percent of the company’s overall shares, with a $0.67 million market value. The same data shows that the other fund manager holds slightly less at 90.08, or about 0.53% of the stock, which is worth about $0.29 million.
