Analyzing iCoreConnect Inc. (ICCT)’s financial ratios for investment purposes

As of close of business last night, iCoreConnect Inc.’s stock clocked out at $1.22, up 1.67% from its previous closing price of $1.20. In other words, the price has increased by $0.0000 from its previous closing price. On the day, 55411 shares were traded.

Ratios:

To gain a deeper understanding of ICCT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.22 and its Current Ratio is at 0.22. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.16.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ICCT now has a Market Capitalization of 10.74M and an Enterprise Value of 15.23M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 1.97 whereas that against EBITDA is -2.08.

Stock Price History:

The Beta on a monthly basis for ICCT is 0.63, which has changed by -82.17% over the last 52 weeks, in comparison to a change of 27.86% over the same period for the S&P500. Over the past 52 weeks, ICCT has reached a high of $20.70, while it has fallen to a 52-week low of $0.91. The 50-Day Moving Average of the stock is 1.4626, while the 200-Day Moving Average is calculated to be 2.0443.

Shares Statistics:

It appears that ICCT traded 321.64K shares on average per day over the past three months and 65.63k shares per day over the past ten days. A total of 10.07M shares are outstanding, with a floating share count of 7.96M. Insiders hold about 20.96% of the company’s shares, while institutions hold 19.93% stake in the company. Shares short for ICCT as of Mar 15, 2024 were 187.48k with a Short Ratio of 0.58, compared to 288.97k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.09% and a Short% of Float of 2.36%.

Earnings Estimates

As of right now, 0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.

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