Icoreconnect Common Stock Stock Beta
| ICCT Stock | USD 0.17 0.01 5.56% |
iCoreConnect Common stock fundamentals help investors to digest information that contributes to ICoreConnect Common's financial success or failures. It also enables traders to predict the movement of ICoreConnect Stock. The fundamental analysis module provides a way to measure ICoreConnect Common's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ICoreConnect Common stock.
ICoreConnect | Beta |
iCoreConnect Common stock Company Beta Analysis
ICoreConnect Common's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ICoreConnect Common Beta | 0.68 |
Most of ICoreConnect Common's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, iCoreConnect Common stock is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ICoreConnect Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for ICoreConnect Common is extremely important. It helps to project a fair market value of ICoreConnect Stock properly, considering its historical fundamentals such as Beta. Since ICoreConnect Common's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ICoreConnect Common's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ICoreConnect Common's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, iCoreConnect Common stock has a Beta of 0.682. This is 20.7% lower than that of the Health Care Technology sector and significantly higher than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
ICoreConnect Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ICoreConnect Common's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ICoreConnect Common could also be used in its relative valuation, which is a method of valuing ICoreConnect Common by comparing valuation metrics of similar companies.ICoreConnect Common is currently under evaluation in beta category among its peers.
ICoreConnect Common Current Valuation Drivers
We derive many important indicators used in calculating different scores of ICoreConnect Common from analyzing ICoreConnect Common's financial statements. These drivers represent accounts that assess ICoreConnect Common's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ICoreConnect Common's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 52.7M | 7.6M | 16.2M | 15.3M | 9.1M | 8.7M | |
| Enterprise Value | 53.2M | 9.2M | 20.1M | 21.9M | 15.8M | 15.0M |
As returns on the market increase, ICoreConnect Common's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICoreConnect Common is expected to be smaller as well.
ICoreConnect Fundamentals
| Return On Equity | -10.42 | ||||
| Return On Asset | -0.66 | ||||
| Profit Margin | (2.61) % | ||||
| Operating Margin | (0.88) % | ||||
| Current Valuation | 15.93 M | ||||
| Shares Outstanding | 24.32 M | ||||
| Shares Owned By Insiders | 33.45 % | ||||
| Shares Owned By Institutions | 9.10 % | ||||
| Number Of Shares Shorted | 202.98 K | ||||
| Price To Book | 8.91 X | ||||
| Price To Sales | 0.41 X | ||||
| Revenue | 8.15 M | ||||
| Gross Profit | 3.38 M | ||||
| EBITDA | (11.88 M) | ||||
| Net Income | (15.55 M) | ||||
| Cash And Equivalents | 164.26 K | ||||
| Total Debt | 7.88 M | ||||
| Current Ratio | 0.35 X | ||||
| Book Value Per Share | 0.44 X | ||||
| Cash Flow From Operations | (8.82 M) | ||||
| Short Ratio | 0.02 X | ||||
| Earnings Per Share | (3.16) X | ||||
| Target Price | 0.5 | ||||
| Number Of Employees | 67 | ||||
| Beta | 0.68 | ||||
| Market Capitalization | 4.16 M | ||||
| Total Asset | 15.69 M | ||||
| Retained Earnings | (115.04 M) | ||||
| Working Capital | (5.37 M) | ||||
| Net Asset | 15.69 M |
About ICoreConnect Common Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze iCoreConnect Common stock's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ICoreConnect Common using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iCoreConnect Common stock based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for ICoreConnect Stock Analysis
When running ICoreConnect Common's price analysis, check to measure ICoreConnect Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICoreConnect Common is operating at the current time. Most of ICoreConnect Common's value examination focuses on studying past and present price action to predict the probability of ICoreConnect Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICoreConnect Common's price. Additionally, you may evaluate how the addition of ICoreConnect Common to your portfolios can decrease your overall portfolio volatility.