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The closing price of iCoreConnect Inc (NASDAQ: ICCT) was $0.16 for the day, down -8.46% from the previous closing price of $0.17. In other words, the price has decreased by -$8.46 from its previous closing price. On the day, 1.32 million shares were traded. ICCT stock price reached its highest trading level at $0.174 during the session, while it also had its lowest trading level at $0.1601.
Ratios:
Our analysis of ICCT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.11 and its Current Ratio is at 0.11. In the meantime, Its Debt-to-Equity ratio is 27.17 whereas as Long-Term Debt/Eq ratio is at 9.95.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 01 ’24 when Fundamental Global Inc. sold 1,000,000 shares for $0.24 per share. The transaction valued at 240,400 led to the insider holds 2,223,843 shares of the business.
Fundamental Global Inc. sold 100,000 shares of ICCT for $23,270 on Oct 29 ’24. The 10% Owner now owns 3,423,843 shares after completing the transaction at $0.23 per share. On Oct 30 ’24, another insider, Fundamental Global Inc., who serves as the 10% Owner of the company, sold 100,000 shares for $0.23 each. As a result, the insider received 22,750 and left with 3,323,843 shares of the company.
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 1741261 and an Enterprise Value of 12284353. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 4.06. Its current Enterprise Value per Revenue stands at 1.197 whereas that against EBITDA is -1.186.
Stock Price History:
Over the past 52 weeks, ICCT has reached a high of $3.20, while it has fallen to a 52-week low of $0.15. The 50-Day Moving Average of the stock is -51.96%, while the 200-Day Moving Average is calculated to be -81.29%.
Shares Statistics:
ICCT traded an average of 3.59M shares per day over the past three months and 1903790 shares per day over the past ten days. A total of 10.07M shares are outstanding, with a floating share count of 7.21M. Insiders hold about 39.83% of the company’s shares, while institutions hold 36.92% stake in the company. Shares short for ICCT as of 1730332800 were 110459 with a Short Ratio of 0.03, compared to 1727654400 on 34770. Therefore, it implies a Short% of Shares Outstanding of 110459 and a Short% of Float of 1.3599999999999999.
