Stock That Is Worth Exploring Now: iCoreConnect Inc (NASDAQ: ICCT)

iCoreConnect Inc (NASDAQ:ICCT) does about 1.01M shares in volume on a normal day but saw 400946171 shares change hands in the recent trading day. The company now has a market cap of 4.64M USD. Its current market price is $2.24, marking an increase of 654.06% compared to the previous close of $0.30. The 52 week high reached by this stock is $35.80 whilst the lowest price level in 52 weeks is $0.24.

iCoreConnect Inc (ICCT) has a 20-day trading average at $0.6400 and the current price is -93.74% off the 52-week high compared with 832.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5100 and its 200-day simple moving average is $6.9000. If we look at the stock’s price movements over the week, volatility stands at 83.05%, which decreases to 31.34% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.51 to suggest the stock is overbought.

The current price level is 251.58%, 48.08%, and -67.51% away from its SMA20, SMA50, and SMA200 respectively, with the ICCT price moving below the 50-day SMA on current market day. iCoreConnect Inc (ICCT) stock is up 414.94% over the week and 186.74% over the past month. Its price is -10.40% year-to-date and -90.67% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 2.07M with insiders holding 10.61% of the shares and institutional holders owning 3.27% of the company’s common stock. The company has a return on investment of -2804.19% and return on equity of -1718.32%. The beta has a value of 1.48. Price to sales ratio is 0.42.