iCoreConnect Inc (NASDAQ: ICCT) Now $1.06 Higher From Its Low (0.03), Does It Still Have A Growth Story?

iCoreConnect Inc (NASDAQ:ICCT) currently has a daily average trading volume of 605.71K but it saw 3538101 shares traded in last market. With a market cap of 2.26M USD, the company’s current market price of $1.09 came falling about -7.23 while comparing to the previous closing price of $1.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $35.80 and as low as $1.06.

Taking a look at 20-day trading activity of iCoreConnect Inc (ICCT) gives us an average price of $2.1275, while its current price level is -96.96% below from 52-week high level whereas it is 2.52% 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 $2.4543 while that of 200 days or SMA-200 reads an average of $9.2159. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.59% during that period while stretching the period over a month that decreases to 11.42%. 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 21.29 which implies that the stock is in oversold territory.

Over the week, ICCT’s stock price is moving -47.60% down while it is -58.08% when we observe its performance for the past one month. Year-to-date it is -56.40% down and over the past year, the stock is showing a downside performance of -96.32%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, iCoreConnect Inc’s total number of outstanding shares is 2.07M with 10.61% of that held by the insiders while 3.27% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -2804.19% and return on equity (ROE) at -1718.32%. Stock’s beta reads 1.03. Stock has a price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is -189.86% on average.