KORE Group (KORE) Stock Price, News & Analysis

Company Overview

KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company's products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services. It serves customers in healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing sectors. KORE Group Holdings, Inc. was founded in 2002 and is headquartered in Atlanta, Georgia.

Key Stats

• Today's Range: $2.08 to $2.28
• 50-Day Range: $2.02 to $3.63
• 52-Week Range: $1.30 to $6.45
• Volume: 4,825 shs
• Average Volume: 30,048 shs
• Market Capitalization: $36.27 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.67
• Consensus Rating: Hold

KORE Group Stock Analysis - MarketRank™

KORE Group scored higher than 70% of companies evaluated by MarketBeat, and ranked 293rd out of 669 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

KORE Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

KORE Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for KORE Group are expected to grow in the coming year, from ($5.64) to ($2.34) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of KORE Group is -0.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of KORE Group is -0.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

KORE Group has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.98% of the float of KORE Group has been sold short.

Short Interest Ratio / Days to Cover

KORE Group has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in KORE Group has recently decreased by 14.16%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

KORE Group does not currently pay a dividend.

Dividend Growth

KORE Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.98% of the float of KORE Group has been sold short.

Short Interest Ratio / Days to Cover

KORE Group has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in KORE Group has recently decreased by 14.16%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.27

News Sentiment

KORE Group has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for KORE Group this week, compared to 2 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, KORE Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

30.60% of the stock of KORE Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

57.45% of the stock of KORE Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KORE Stock Analysis - Frequently Asked Questions

How have KORE shares performed this year?

KORE Group's stock was trading at $4.9010 at the start of the year. Since then, KORE shares have decreased by 55.5% and is now trading at $2.18.
View the best growth stocks for 2024 here.

How were KORE Group's earnings last quarter?

KORE Group Holdings, Inc. (NYSE:KORE) released its earnings results on Thursday, August, 15th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.68) by $0.31. The business earned $67.87 million during the quarter, compared to analysts' expectations of $73.37 million. KORE Group had a negative net margin of 74.03% and a negative trailing twelve-month return on equity of 389.39%.

When did KORE Group's stock split?

Shares of KORE Group reverse split before market open on Monday, July 1st 2024. The 1-5 reverse split was announced on Monday, July 1st 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, July 1st 2024. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

How do I buy shares of KORE Group?

Shares of KORE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/15/2024
• Today: 10/05/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Communication services, not elsewhere classified
• Sub-Industry: N/A
• Current Symbol: NYSE:KORE
• CUSIP: N/A
• CIK: 1855457
• Web: www.korewireless.com
• Phone: 877-710-5673
• Fax: N/A
• Employees: 600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.67
• High Stock Price Target: $17.50
• Low Stock Price Target: $2.00
• Potential Upside/Downside: +251.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($9.40)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-167,040,000.00
• Net Margins: -74.03%
• Pretax Margin: -75.84%
• Return on Equity: -389.39%
• Return on Assets: -15.95%

Debt

• Debt-to-Equity Ratio: 13.25
• Current Ratio: 1.36
• Quick Ratio: 1.24

Sales & Book Value

• Annual Sales: $284.94 million
• Price / Sales: 0.13
• Cash Flow: $3.57 per share
• Price / Cash Flow: 0.61
• Book Value: $2.24 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 16,639,000
• Free Float: 11,547,000
• Market Cap: $36.27 million
• Optionable: Not Optionable
• Beta: 2.47