Icoreconnect Common Stock Stock Analysis

ICCT Stock  USD 0.17  0.01  5.56%   
iCoreConnect Common stock is overvalued with Real Value of 0.16 and Hype Value of 0.16. The main objective of ICoreConnect Common stock analysis is to determine its intrinsic value, which is an estimate of what iCoreConnect Common stock is worth, separate from its market price. There are two main types of ICoreConnect Common's stock analysis: fundamental analysis and technical analysis.
The ICoreConnect Common stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. ICoreConnect Common is usually not traded on Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day. ICoreConnect Stock trading window is adjusted to America/New York timezone.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iCoreConnect Common stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

ICoreConnect Stock Analysis Notes

About 33.0% of the company shares are held by company insiders. The company recorded a loss per share of 3.16. iCoreConnect Common stock had not issued any dividends in recent years. The entity had 1:29.84 split on the 28th of August 2023. iCoreConnect Inc., a cloud-based software and technology company, provides cloud-based software products for the healthcare sector in the United States. The company was formerly known as iMedicor, Inc. and changed its name to iCoreConnect Inc. in June 2017. iCoreConnect Inc. was founded in 1992 and is headquartered in Ocoee, Florida. Vemics operates under Health Information Services classification in the United States and is traded on OTC Exchange. It employs 55 people. To learn more about iCoreConnect Common stock call Robert McDermott at 888 810 7706 or check out https://www.icoreconnect.com.

iCoreConnect Common stock Investment Alerts

ICoreConnect Common generated a negative expected return over the last 90 days
ICoreConnect Common has high historical volatility and very poor performance
ICoreConnect Common has some characteristics of a very speculative penny stock
ICoreConnect Common has a very high chance of going through financial distress in the upcoming years
iCoreConnect Common stock currently holds 7.88 M in liabilities. iCoreConnect Common stock has a current ratio of 0.34, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about ICoreConnect Common's use of debt, we should always consider it together with its cash and equity.
The entity reported the previous year's revenue of 8.15 M. Net Loss for the year was (15.55 M) with profit before overhead, payroll, taxes, and interest of 3.38 M.
iCoreConnect Common stock currently holds about 164.26 K in cash with (8.82 M) of positive cash flow from operations.
ICoreConnect Common has a frail financial position based on the latest SEC disclosures
Roughly 33.0% of the company shares are held by company insiders
Latest headline from gurufocus.com: Disposition of 47600 shares by Periscope Capital Inc. of ICoreConnect Common subject to Rule 16b-3

iCoreConnect Common stock Upcoming and Recent Events

19th of February 2024
Upcoming Quarterly Report
View
31st of December 2023
Next Fiscal Quarter End
View

ICoreConnect Market Capitalization

The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.16 M.

ICoreConnect Profitablity

The company has Profit Margin (PM) of (2.61) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.88) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.88.
Last ReportedProjected for Next Year
Return On Tangible Assets(1.51)(1.58)
Return On Capital Employed(1.51)(1.43)
Return On Assets(0.99)(1.04)
Return On Equity(3.50)(3.32)

Management Efficiency

iCoreConnect Common stock has return on total asset (ROA) of (0.6589) % which means that it has lost $0.6589 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (10.4246) %, meaning that it created substantial loss on money invested by shareholders. ICoreConnect Common's management efficiency ratios could be used to measure how well ICoreConnect Common manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -1.58 in 2024. Return On Capital Employed is likely to gain to -1.43 in 2024. At this time, ICoreConnect Common's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Change To Liabilities is likely to gain to about 788.4 K in 2024, whereas Total Current Liabilities is likely to drop slightly above 5.7 M in 2024.
Last ReportedProjected for Next Year
Book Value Per Share 0.60  0.57 
Tangible Book Value Per Share(0.13)(0.13)
Enterprise Value Over EBITDA(1.33)(1.39)
Price Book Value Ratio 2.05  1.95 
Enterprise Value Multiple(1.33)(1.39)
Price Fair Value 2.05  1.95 
Enterprise Value15.8 M15 M
ICoreConnect Common showcases strong leadership that adapts to market changes and drives innovation. Our analysis explores how this adaptability affects the stock's investment appeal.
Operating Margin
(0.88)
Profit Margin
(2.61)
Beta
0.682
Return On Assets
(0.66)
Return On Equity
(10.42)

Technical Drivers

As of the 30th of November, ICoreConnect Common retains the Standard Deviation of 11.34, market risk adjusted performance of (0.63), and Coefficient Of Variation of (899.96). ICoreConnect Common technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices.

iCoreConnect Common stock Price Movement Analysis

Execute Study
The output start index for this execution was nine with a total number of output elements of fifty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. ICoreConnect Common middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for iCoreConnect Common stock. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

iCoreConnect Common stock Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific ICoreConnect Common insiders, such as employees or executives, is commonly permitted as long as it does not rely on ICoreConnect Common's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases ICoreConnect Common insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
Pasqual John over three weeks ago
Discretionary transaction by Pasqual John of tradable shares of ICoreConnect Common subject to Rule 16b-3
 
Fundamental Global Inc. over a month ago
Disposition of 100000 shares by Fundamental Global Inc. of ICoreConnect Common at 0.2275 subject to Rule 16b-3
 
Fundamental Global Inc. over a month ago
Disposition of 100000 shares by Fundamental Global Inc. of ICoreConnect Common at 0.2327 subject to Rule 16b-3
 
Fundamental Global Inc. over a month ago
Disposition of 50000 shares by Fundamental Global Inc. of ICoreConnect Common at 0.2453 subject to Rule 16b-3
 
Fundamental Global Inc. over a month ago
Disposition of 50000 shares by Fundamental Global Inc. of ICoreConnect Common at 0.2625 subject to Rule 16b-3
 
Periscope Capital Inc. over a month ago
Disposition of 126100 shares by Periscope Capital Inc. of ICoreConnect Common subject to Rule 16b-3
 
Fundamental Global Inc. over a month ago
Insider Trading
 
Archit Shah over a month ago
Acquisition by Archit Shah of 2000 shares of ICoreConnect Common at 0.0797 subject to Rule 16b-3
 
Periscope Capital Inc. over two months ago
Insider Trading
 
Kalish Wayne Edward over two months ago
Disposition of tradable shares by Kalish Wayne Edward of ICoreConnect Common subject to Rule 16b-3
 
Hyland Yvonne E over three months ago
Disposition of tradable shares by Hyland Yvonne E of ICoreConnect Common subject to Rule 16b-3
 
Robert McDermott over six months ago
Acquisition by Robert McDermott of 4673 shares of ICoreConnect Common subject to Rule 16b-3

ICoreConnect Common Outstanding Bonds

ICoreConnect Common issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. iCoreConnect Common stock uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most ICoreConnect bonds can be classified according to their maturity, which is the date when iCoreConnect Common stock has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

ICoreConnect Common Predictive Daily Indicators

ICoreConnect Common intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of ICoreConnect Common stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

ICoreConnect Common Forecast Models

ICoreConnect Common's time-series forecasting models are one of many ICoreConnect Common's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary ICoreConnect Common's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About ICoreConnect Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how ICoreConnect Common prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling ICoreConnect shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as ICoreConnect Common. By using and applying ICoreConnect Stock analysis, traders can create a robust methodology for identifying ICoreConnect entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin(1.91)(2.00)
Operating Profit Margin(1.26)(1.32)
Net Loss(1.91)(2.00)
Gross Profit Margin 0.75  0.75 

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding ICoreConnect Common to your portfolios without increasing risk or reducing expected return.

Did you try this?

Run Portfolio Dashboard Now

   

Portfolio Dashboard

Portfolio dashboard that provides centralized access to all your investments
All  Next Launch Module

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.