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T   14.79 (+0.82%)
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NYSE:KORE

KORE Group (KORE) Stock Forecast, Price & News

$0.56
-0.03 (-5.08%)
(As of 10/3/2023 ET)
Compare
Today's Range
$0.56
▼
$0.62
50-Day Range
$0.56
▼
$1.26
52-Week Range
$0.52
▼
$3.25
Volume
17,847 shs
Average Volume
145,339 shs
Market Capitalization
$48.48 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.80
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

KORE Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
578.5% Upside
$3.80 Price Target
Short Interest
Healthy
0.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.38mentions of KORE Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.70) to ($0.32) 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

463rd out of 605 stocks

Telephone Communication, Except Radio Industry

15th out of 19 stocks

See Top Rated MarketRank™ Stocks Here

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 and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology and applications for the Machine-to-Machine 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. The company was founded in 2002 and is headquartered in Atlanta, Georgia.

KORE Price History

KORE Stock News Headlines

October 3, 2023 | americanbankingnews.com
LICT (OTCMKTS:LICT) & KORE Group (NYSE:KORE) Critical Survey
October 1, 2023 | msn.com
Unresolved Grazing Issues Push Abuja Farmers, Herders To Endless Conflict
October 3, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
September 25, 2023 | americanbankingnews.com
KORE Group Holdings, Inc. to Post Q3 2023 Earnings of ($0.12) Per Share, Northland Capmk Forecasts (NYSE:KORE)
September 23, 2023 | americanbankingnews.com
Northland Securities Lowers KORE Group (NYSE:KORE) Price Target to $5.00
September 21, 2023 | msn.com
Northland Capital Markets Maintains Kore Group Holdings (KORE) Outperform Recommendation
September 20, 2023 | finance.yahoo.com
KORE to Discuss Digital Transformation, AI, eSIM at MWC Las Vegas 2023
September 15, 2023 | msn.com
Fraudster pleads guilty to embezzling $1M while taking 13 first-class cruises in 4 years
October 3, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
September 14, 2023 | msn.com
Calgary accountant pleads guilty to embezzling $1 million from employer
September 12, 2023 | finance.yahoo.com
KORE Receives 2023 LPWAN Excellence Award from IoT Evolution
September 7, 2023 | msn.com
KORE gets non-compliance notice from NYSE
September 6, 2023 | finance.yahoo.com
KORE Receives Continued Listing Standard Notice from NYSE
September 6, 2023 | technews.tmcnet.com
Kore.ai Launches Intelligent Virtual Assistants for Zoom Contact Center
August 31, 2023 | msn.com
DALI Celebrates 40 Years of Loudspeaker Innovation with the EPIKORE 11 at CEDIA 2023
August 29, 2023 | finance.yahoo.com
KORE Empowers National Retailer's Digital Transformation with 5G Connectivity
August 16, 2023 | msn.com
TD Cowen Maintains Kore Group Holdings (KORE) Outperform Recommendation
August 15, 2023 | finance.yahoo.com
KORE Group Holdings, Inc. (NYSE:KORE) Q2 2023 Earnings Call Transcript
August 13, 2023 | juniorminingnetwork.com
KORE Mining and Torres Martinez Desert Cahuilla Indians Sign Letter of Intent for Resource Development
August 12, 2023 | msn.com
Deutsche Bank Maintains Kore Group Holdings (KORE) Hold Recommendation
August 10, 2023 | markets.businessinsider.com
Here's what Wall Street expects from KORE Group's earnings
August 10, 2023 | finance.yahoo.com
Q2 2023 KORE Group Holdings Inc Earnings Call
August 10, 2023 | finanznachrichten.de
KORE Group Holdings, Inc.: KORE Reports Second Quarter 2023 Results; Maintains 2023 Revenue and Adjusted EBITDA Guidance
August 9, 2023 | finance.yahoo.com
KORE Group Holdings, Inc. (KORE) Reports Q2 Loss, Misses Revenue Estimates
August 9, 2023 | finance.yahoo.com
KORE Reports Second Quarter 2023 Results; Maintains 2023 Revenue and Adjusted EBITDA Guidance
August 8, 2023 | lse.co.uk
Kore Potash to pay up to USD5 million as part of revised agreement
August 8, 2023 | marketwatch.com
Kore Potash Shares Fall on Discounted $1 Mln Fundraise
See More Headlines
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KORE Company Calendar

Last Earnings
8/09/2023
Today
10/03/2023
Next Earnings (Estimated)
11/13/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Telephone communication, except radio
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:KORE
CUSIP
N/A
CIK
1855457
Web
www.korewireless.com
Phone
877-710-5673
Fax
N/A
Employees
595
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$3.80
High Stock Price Forecast
$6.50
Low Stock Price Forecast
$1.50
Forecasted Upside/Downside
+578.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.55)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-106,200,000.00
Net Margins
-45.28%
Pretax Margin
-48.62%
Return on Equity
-31.42%
Return on Assets
-8.55%

Debt

Debt-to-Equity Ratio
2.53
Current Ratio
1.65
Quick Ratio
1.51

Sales & Book Value

Annual Sales
$268.45 million
Price / Sales
0.18
Cash Flow
$0.81 per share
Price / Cash Flow
0.69
Book Value
$2.37 per share
Price / Book
0.24

Miscellaneous

Outstanding Shares
86,550,000
Free Float
85,861,000
Market Cap
$48.48 million
Optionable
Not Optionable
Beta
2.54
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Key Executives

  • Mr. Romil Bahl (Age 54)
    CEO, Pres & Director
    Comp: $1.05M
  • Mr. Tushar K. Sachdev (Age 50)
    CTO & Exec. VP of Analytics
    Comp: $419.58k
  • Mr. Bryan A. Lubel (Age 59)
    Exec. VP of Connected Health
    Comp: $347.45k
  • Mr. Paul Holtz (Age 46)
    Exec. VP, CFO, Treasurer, Principal Financial Officer & Principal Accounting Officer
  • Vik Vijayvergiya
    VP of Investor Relations
  • Mr. Jack William Kennedy Jr. (Age 47)
    Exec. VP, Chief Legal Officer & Sec.
  • Ms. Louise P. Winstone (Age 44)
    Exec. VP & Chief HR Officer
  • Mr. Sunder Somasundaram
    Sr. VP of Fleet Management & Industrial IoT
  • Mr. Steven Jones
    Sr. VP of Carrier Management
  • Mr. Gideon Rogovsky
    Sr. VP of Americas

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













KORE Stock - Frequently Asked Questions

Should I buy or sell KORE Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KORE Group in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KORE shares.
View KORE analyst ratings or view top-rated stocks.

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

4 brokers have issued 1-year price targets for KORE Group's shares. Their KORE share price forecasts range from $1.50 to $6.50. On average, they anticipate the company's share price to reach $3.80 in the next twelve months. This suggests a possible upside of 578.5% 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 stock has decreased by 55.5% and is now trading at $0.5601.
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 September. As of September 15th, there was short interest totaling 267,500 shares, an increase of 24.4% from the August 31st total of 215,100 shares. Based on an average daily volume of 108,700 shares, the short-interest ratio is presently 2.5 days. Approximately 0.8% of the company's shares 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 Monday, November 13th 2023.
View our KORE earnings forecast.

How were KORE Group's earnings last quarter?

KORE Group Holdings, Inc. (NYSE:KORE) released its quarterly earnings results on Wednesday, August, 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.13. The company earned $69.54 million during the quarter, compared to analyst estimates of $72.96 million. KORE Group had a negative net margin of 45.28% and a negative trailing twelve-month return on equity of 31.42%.

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

KORE Group issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $300.00 million-$310.00 million, compared to the consensus revenue estimate of $299.15 million.

What is KORE Group's stock symbol?

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

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 $0.56.

How much money does KORE Group make?

KORE Group (NYSE:KORE) has a market capitalization of $48.48 million and generates $268.45 million in revenue each year. The company earns $-106,200,000.00 in net income (profit) each year or ($1.55) on an earnings per share basis.

How many employees does KORE Group have?

The company employs 595 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 10/3/2023 by MarketBeat.com Staff

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