Kore Group Holdings Inc (KORE) Stock: 52-Week Performance Insights and Trading Volume

A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Kore Group Holdings Inc’s current trading price is -73.41% away from its 52-week high, while its distance from the 52-week low is 482.67%. The stock’s price range for this time frame has been between $0.12 and $2.63. The trading volume of the company’s shares in the Communication Services reached around 1.56 million for the day, which was evidently higher than the average daily volume of 65260.00000000001 over the last three months.

Currently, the stock price of Kore Group Holdings Inc (KORE) is $0.70. In the most recent trading session, the stock underwent a significant upswing, peaking at $1.06 after opening at $0.45. The stock touched a low of $0.44 before closing at $0.44.

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The market performance of Kore Group Holdings Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $2.63 on 02/02/23, with the lowest value for the same timeframe being $0.12, recorded on 11/10/23.

How Financial Performance Impacts Market Capitalization

Kore Group Holdings Inc (KORE) has experienced a quarterly decline of -10.40% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 60.63M and boasts a workforce of 595 employees.

Decoding Analysts’ Ratings for Kore Group Holdings Inc

As of right now, 2 analysts are rating Kore Group Holdings Inc as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8109, with a change in price of -0.6908. Similarly, Kore Group Holdings Inc recorded 103,006 in trading volume during the last 100 days, posting a change of -49.70%.

How KORE’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for KORE stands at 6.02. Similarly, the long-term debt-to-equity ratio is also 5.94.

KORE Stock Stochastic Average

Kore Group Holdings Inc’s raw stochastic average for the past 50 days is currently at 51.24%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 51.24%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 45.61% and 45.02%, respectively.

KORE Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. This year’s metric has recorded a Price decrease of -44.51%. However, over the past six months, we’ve seen a stronger performance of -57.88%. The price of KORE fallen by 24.79% over the last 30 days. And in the last five days, it has surged by 65.69%.

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