Kore Group Holdings Stock Today

KORE Stock  USD 1.85  0.10  5.13%   

Performance

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Odds Of Distress

Over 53

 
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KORE Group is trading at 1.85 as of the 24th of November 2024, a 5.13 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.8. KORE Group has 53 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for KORE Group Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of October 2024 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain
Telecommunication Services
IPO Date
1st of October 2021
Category
Communication Services
KORE Group Holdings, Inc. provides Internet of Things services and solutions worldwide. The company was founded in 2002 and is headquartered in Alpharetta, Georgia. Kore Group operates under Telecom Services classification in the United States and is traded on New York Stock Exchange. The company has 17.01 M outstanding shares of which 37.95 K shares are now shorted by private and institutional investors with about 7.91 trading days to cover. More on KORE Group Holdings

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KORE Stock Highlights

CEO PresidentRonald Totton
Business ConcentrationDiversified Telecommunication Services, Telecommunication Services, Communication Services, NYSE Composite, Communication Services, Diversified Telecommunication Services, Telecom Services, Communication Services (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.280.4712
Way Down
Slightly volatile
Gross Profit Margin0.610.5352
Fairly Up
Slightly volatile
Net Debt350.4 M282.4 M
Fairly Up
Slightly volatile
Total Current Liabilities59.5 M74.5 M
Significantly Down
Slightly volatile
Non Current Liabilities Total520.1 M475.5 M
Significantly Up
Slightly volatile
Total Assets553.8 M587 M
Notably Down
Slightly volatile
Total Current Assets105.1 M102 M
Fairly Up
Slightly volatile
Debt Levels
KORE Group can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand KORE Group's financial leverage. It provides some insight into what part of KORE Group's total assets is financed by creditors.
Liquidity
KORE Group Holdings currently holds 309.52 M in liabilities with Debt to Equity (D/E) ratio of 1.61, which is about average as compared to similar companies. KORE Group Holdings has a current ratio of 2.27, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about KORE Group's use of debt, we should always consider it together with its cash and equity.

Change To Inventory

2.07 Million
KORE Group Holdings (KORE) is traded on New York Stock Exchange in USA. It is located in 3 Ravinia Drive, Atlanta, GA, United States, 30346 and employs 600 people. KORE Group is listed under Diversified Telecommunication Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 31.47 M. KORE Group Holdings conducts business under Diversified Telecommunication Services sector and is part of Communication Services industry. The entity has 17.01 M outstanding shares of which 37.95 K shares are now shorted by private and institutional investors with about 7.91 trading days to cover. KORE Group Holdings currently holds about 40.44 M in cash with (6.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53.
Check KORE Group Probability Of Bankruptcy
Ownership Allocation
KORE Group Holdings maintains a total of 17.01 Million outstanding shares. Over half of KORE Group's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check KORE Ownership Details

KORE Stock Institutional Holders

InstituionRecorded OnShares
Renaissance Technologies Corp2024-09-30
21.9 K
Jane Street Group Llc2024-06-30
21.8 K
Millennium Management Llc2024-06-30
17 K
Goldman Sachs Group Inc2024-06-30
14.9 K
Northern Trust Corp2024-09-30
13.2 K
Bank Of New York Mellon Corp2024-06-30
11.2 K
Commonwealth Equity Services Inc2024-06-30
10 K
Ubs Group Ag2024-06-30
9.2 K
Steward Partners Investment Advisory, Llc2024-06-30
6.9 K
Kim, Llc2024-06-30
10 M
Rbf Llc2024-06-30
882.3 K
View KORE Group Diagnostics

KORE Group Historical Income Statement

At present, KORE Group's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 150.9 M, whereas Net Interest Income is forecasted to decline to (44.8 M). View More Fundamentals

KORE Stock Against Markets

KORE Group Corporate Management

Jared DeithExecutive HealthProfile
Vik VijayvergiyaVice RelationsProfile
Louise WinstoneExecutive OfficerProfile
Jack KennedyChief VPProfile
Karen OyhenartSenior ResourcesProfile
When determining whether KORE Group Holdings is a strong investment it is important to analyze KORE Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact KORE Group's future performance. For an informed investment choice regarding KORE Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KORE Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Diversified Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of KORE Group. If investors know KORE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about KORE Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(8.00)
Revenue Per Share
15.421
Quarterly Revenue Growth
(0.02)
Return On Assets
(0.04)
Return On Equity
(3.37)
The market value of KORE Group Holdings is measured differently than its book value, which is the value of KORE that is recorded on the company's balance sheet. Investors also form their own opinion of KORE Group's value that differs from its market value or its book value, called intrinsic value, which is KORE Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because KORE Group's market value can be influenced by many factors that don't directly affect KORE Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between KORE Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if KORE Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KORE Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.