Can Buying iCoreConnect Inc (NASDAQ: ICCT) Still Be Worthwhile?

iCoreConnect Inc (NASDAQ:ICCT) does about 15.32M shares in volume on a normal day but saw 16488920 shares change hands in the recent trading day. The company now has a market cap of 10.60M USD. Its current market price is $5.11, marking a decrease of -10.51% compared to the previous close of $5.71. 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 $1.55 and the current price is -85.73% off the 52-week high compared with 2028.28% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.70 and its 200-day simple moving average is $6.53. If we look at the stock’s price movements over the week, volatility stands at 87.39%, which decreases to 46.82% 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 67.01 to suggest the stock is neutral.

The current price level is 228.64%, 200.76%, and -21.73% 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 128.12% over the week and 662.46% over the past month. Its price is 104.40% year-to-date and -77.39% 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 3.23% 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 -2.47. Price to sales ratio is 0.96.