Look Past The Setbacks And Give iCoreConnect Inc (NASDAQ: ICCT) Another Chance

iCoreConnect Inc (NASDAQ:ICCT) currently has a daily average trading volume of 9.09M but it saw 4453299 shares traded in last market. With a market cap of 4.14M USD, the company’s current market price of $0.17 came falling about -12.62 while comparing to the previous closing price of $0.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.20 and as low as $0.15. In the recent trading on the day, stock has struck highest price mark of $0.1666 while lowest mark touched by it was $0.198.

Taking a look at 20-day trading activity of iCoreConnect Inc (ICCT) gives us an average price of $0.1755, while its current price level is -94.74% below from 52-week high level whereas it is 11.17% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2419 while that of 200 days or SMA-200 reads an average of $0.7352. A closer look into the stock’s movement over the week reveals that its volatility is standing at 27.46% during that period while stretching the period over a month that decreases to 13.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.19 which implies that the stock is in neutral territory.

Over the week, ICCT’s stock price is moving -3.33% down while it is 1.94% when we observe its performance for the past one month. Year-to-date it is -86.44% down and over the past year, the stock is showing a downside performance of -82.48%.

Currently, iCoreConnect Inc’s total number of outstanding shares is 24.32M. Company’s return on investment (ROI) stands at -2804.19% and return on equity (ROE) at -1718.32%. Stock’s beta reads 0.74. Stock has a price to sale or P/S ratio amounts to 0.37. Its return on asset (ROA) is -189.86% on average.