electroCore Inc. (NASDAQ: ECOR) is 58.97% higher on its value in year-to-date trading and has touched a low of $0.32 and a high of $3.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ECOR stock was last observed hovering at around $2.72 in the last trading session, with the day’s loss setting it -0.24% off its average median price target of $3.75 for the next 12 months. It is also 50.4% off the consensus price target high of $5.00 offered by 6 analysts, but current levels are 17.33% higher than the price target low of $3.00 for the same period.
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Currently trading at $2.48, the stock is -9.60% and 16.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -8.82% at the moment leaves the stock 50.94% off its SMA200. ECOR registered 138.46% gain for a year compared to 6-month gain of 28.50%. The firm has a 50-day simple moving average (SMA 50) of $2.3833 and a 200-day simple moving average (SMA200) of $1.8626.
The stock witnessed a -3.50% loss in the last 1 month and extending the period to 3 months gives it a 57.96%, and is -13.29% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.67% over the week and 11.08% over the month.
electroCore Inc. (ECOR) has around 51 employees, a market worth around $116.44M and $3.20M in sales. Distance from 52-week low is 674.76% and -24.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-189.00%).
electroCore Inc. (ECOR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for electroCore Inc. (ECOR) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
electroCore Inc. is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $890k over the same period.The EPS is expected to grow by 19.40% this year, but quarterly earnings will post 42.70% year-over-year. Quarterly sales are estimated to grow 31.90% in year-over-year returns.
electroCore Inc. (ECOR) Top Institutional Holders
46 institutions hold shares in electroCore Inc. (ECOR), with 13.43M shares held by insiders accounting for 29.54% while institutional investors hold 18.26% of the company’s shares. The shares outstanding are 44.03M, and float is at 31.92M with Short Float at 2.54%. Institutions hold 12.87% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 0.71 million shares valued at $1.23 million. The investor’s holdings represent 1.56% of the ECOR Shares outstanding. As of Sep 29, 2020, the second largest holder is Geode Capital Management, LLC with 0.29 million shares valued at $0.51 million to account for 0.65% of the shares outstanding. The other top investors are Wealthspire Advisors, L.P. which holds 0.2 million shares representing 0.44% and valued at over $0.35 million, while Gsa Capital Partners Llp holds 0.34% of the shares totaling 0.15 million with a market value of $0.24 million.
electroCore Inc. (ECOR) Insider Activity
A total of 1 insider transactions have happened at electroCore Inc. (ECOR) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by Errico Thomas J., the company’s Director. SEC filings show that Errico Thomas J. bought 176,470 shares of the company’s common stock on Apr 14 at a price of $0.85 per share for a total of $0.15 million. Following the purchase, the insider now owns 1.25 million shares.
electroCore Inc. disclosed in a document filed with the SEC on Apr 14 that Moody Trevor J (Director) bought a total of 116,647 shares of the company’s common stock. The trade occurred on Apr 14 and was made at $0.85 per share for $99150.0. Following the transaction, the insider now directly holds 0.18 million shares of the ECOR stock.
Still, SEC filings show that on Apr 14, TULLIS JAMES L L (Director) acquired 1,764,705 shares at an average price of $0.85 for $1.5 million. The insider now directly holds 1,764,705 shares of electroCore Inc. (ECOR).