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NYSE:KORE

KORE Group (KORE) Stock Forecast, Price & News

$1.58
-0.01 (-0.63%)
(As of 12:06 PM ET)
Compare
Today's Range
$1.52
$1.63
50-Day Range
$1.11
$1.71
52-Week Range
$1.06
$4.90
Volume
15,601 shs
Average Volume
130,218 shs
Market Capitalization
$120.93 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.70

KORE Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
326.8% Upside
$6.70 Price Target
Short Interest
Bearish
4.23% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.33mentions of KORE Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$68,072 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.54) to ($0.29) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Computer And Technology Sector

452nd out of 621 stocks

Telephone Communication, Except Radio Industry

18th out of 25 stocks


KORE stock logo

About KORE Group (NYSE:KORE) Stock

KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. The company provides Connectivity-as-a-Service; IoT solutions and analytics to fleet tracking companies; and asset monitoring, communications, and industrial IoT services. It serves customers operating in a range of sectors, including healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing. The company was founded in 2002 and is headquartered in Alpharetta, Georgia.

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KORE Stock News Headlines

146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
Contrasting KORE Group (NYSE:KORE) & PCCW (OTCMKTS:PCWLF)
KORE Group (NYSE:KORE) Price Target Cut to $12.00
See More Headlines
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KORE Company Calendar

Last Earnings
3/27/2023
Today
5/31/2023
Next Earnings (Estimated)
8/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
N/A
Fax
N/A
Employees
614
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.70
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+321.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-106,200,000.00
Pretax Margin
-45.85%

Debt

Sales & Book Value

Annual Sales
$268.45 million
Cash Flow
$0.89 per share
Book Value
$2.37 per share

Miscellaneous

Free Float
76,325,000
Market Cap
$121.70 million
Optionable
Not Optionable
Beta
2.75

Key Executives

  • Mr. Romil Bahl (Age 54)
    CEO, Pres & Director
    Comp: $3.74M
  • Mr. Tushar K. Sachdev (Age 50)
    Exec. VP & CTO
    Comp: $1.08M
  • Mr. Bryan A. Lubel (Age 59)
    Exec. VP of Connected Health
    Comp: $1.15M
  • Mr. Paul Holtz (Age 46)
    Exec. VP, CFO & Treasurer
  • Mr. Chris Francosky
    Chief Information Officer
  • Vik Vijayvergiya
    VP of Investor Relations
  • Mr. Jack William Kennedy Jr. (Age 47)
    Exec. VP, Chief Legal Officer & Sec.
  • Mr. Rajesh Gupta
    Sr. VP of CX, Marketing & IoTMS
  • Ms. Louise P. Winstone (Age 44)
    Exec. VP & Chief HR Officer
  • Mr. Sunder Somasundaram
    Sr. VP of Fleet Management & Industrial IoT













KORE Stock - Frequently Asked Questions

Should I buy or sell KORE Group stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KORE Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KORE shares.
View KORE analyst ratings
or view top-rated stocks.

What is KORE Group's stock price forecast for 2023?

4 analysts have issued 1 year target prices for KORE Group's shares. Their KORE share price forecasts range from $2.00 to $12.00. On average, they expect the company's stock price to reach $6.70 in the next twelve months. This suggests a possible upside of 321.4% from the stock's current price.
View analysts price targets for KORE
or view top-rated stocks among Wall Street analysts.

How have KORE shares performed in 2023?

KORE Group's stock was trading at $1.26 at the beginning of the year. Since then, KORE shares have increased by 26.2% and is now trading at $1.59.
View the best growth stocks for 2023 here
.

Are investors shorting KORE Group?

KORE Group saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,280,000 shares, an increase of 7.6% from the March 31st total of 1,190,000 shares. Based on an average trading volume of 106,400 shares, the short-interest ratio is currently 12.0 days. Approximately 3.6% of the shares of the company are sold short.
View KORE Group's Short Interest
.

When is KORE Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our KORE earnings forecast
.

How were KORE Group's earnings last quarter?

KORE Group Holdings, Inc. (NYSE:KORE) posted its quarterly earnings results on Monday, March, 27th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by $0.02. The business earned $62.42 million during the quarter, compared to analysts' expectations of $60.78 million. KORE Group had a negative net margin of 41.99% and a negative trailing twelve-month return on equity of 23.86%.

What guidance has KORE Group issued on next quarter's earnings?

KORE Group issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $300.00 million-$310.00 million, compared to the consensus revenue estimate of $298.24 million.

What is KORE Group's stock symbol?

KORE Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "KORE."

Who are KORE Group's major shareholders?

KORE Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.35%), Geode Capital Management LLC (0.77%), Bank of New York Mellon Corp (0.16%), Renaissance Technologies LLC (0.06%) and Barclays PLC (0.04%). Insiders that own company stock include Jack William Jr Kennedy, Paul Holtz, Robert P Macinnis, Romil Bahl, Tomer Yosef-Or and Tushar K Sachdev.
View institutional ownership trends
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is KORE Group's stock price today?

One share of KORE stock can currently be purchased for approximately $1.59.

How much money does KORE Group make?

KORE Group (NYSE:KORE) has a market capitalization of $121.70 million and generates $268.45 million in revenue each year. The company earns $-106,200,000.00 in net income (profit) each year or ($1.46) on an earnings per share basis.

How many employees does KORE Group have?

The company employs 614 workers across the globe.

How can I contact KORE Group?

The official website for the company is www.korewireless.com. The company can be reached via phone at 877-710-5673 or via email at investors@korewireless.com.

This page (NYSE:KORE) was last updated on 5/31/2023 by MarketBeat.com Staff

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