NYSE:KORE KORE Group Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding KORE Group Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $2.92 -0.15 (-4.89%) (As of 07/1/2022 12:00 AM ET) Add Compare Share Today's Range$2.85▼$3.0750-Day Range$2.88▼$5.6952-Week Range$2.76▼$9.50Volume51,065 shsAverage Volume137,056 shsMarket Capitalization$222.62 millionP/E RatioN/ADividend YieldN/APrice Target$9.13 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media KORE Group Stock Forecast (MarketRank)Analyst RatingModerate Buy2.50 Rating ScoreUpside/Downside212.5% Upside$9.13 Price TargetShort InterestHealthy0.29% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.01Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.32) to ($0.15) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.1.73 out of 5 starsComputer And Technology Sector687th out of 937 stocksTelephone Communication, Except Radio Industry30th out of 46 stocks 3.3 Analyst's Opinion Consensus RatingKORE Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.13, KORE Group has a forecasted upside of 212.5% from its current price of $2.92.Amount of Analyst CoverageKORE Group has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.29% of the float of KORE Group has been sold short.Short Interest Ratio / Days to CoverKORE Group has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in KORE Group has recently increased by 19.82%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldKORE Group does not currently pay a dividend.Dividend GrowthKORE Group does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KORE. Previous Next 1.7 News and Social Media Coverage News SentimentKORE Group has a news sentiment score of 0.01. 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 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for KORE Group this week, compared to 2 articles on an average week.Search Interest1 people have searched for KORE on MarketBeat in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, KORE Group insiders have not sold or bought any company stock.Percentage Held by Institutions65.83% of the stock of KORE Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for KORE Group are expected to grow in the coming year, from ($0.32) to ($0.15) per share.Price to Book Value per Share RatioKORE Group has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive KORE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for KORE Group and its competitors with MarketBeat's FREE daily newsletter. Email Address About KORE Group (NYSE:KORE)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.Read More KORE Stock News HeadlinesJune 27, 2022 | seekingalpha.comKORE to enter the Russell 3000 IndexJune 21, 2022 | msn.comBroker: Hirokazu Kore-eda, acclaimed Japanese director, on his first Korean film, starring Song Kang-ho, Gang Dong-won and IUJune 14, 2022 | bizjournals.comFirst look: KORE Power unveils renderings of giant West Valley battery facilityJune 14, 2022 | msn.comKore-eda Hirokazu Calls For Reform of Japanese Film Industry, Launches Lobby GroupJune 9, 2022 | finanznachrichten.deKORE Power, Inc.: KORE Power Selected to Supply Batteries for 20 MWh Storage Partnership in UK Between ABB and EcotricityJune 8, 2022 | nz.finance.yahoo.comKORE Power Selected to Supply Batteries for 20 MWh Storage Partnership in UK Between ABB and EcotricityJune 2, 2022 | msn.com(Movie Review) Another unconventional family, another award-winning farce for Kore-edaJune 2, 2022 | msn.comKore-eda praises Song Kang-ho for performing fresh in every takeJune 1, 2022 | msn.comAnother unconventional family, another award-winning farce for Kore-edaMay 27, 2022 | nasdaq.comKore-eda brings Korean road trip drama to Cannes with 'Broker'May 27, 2022 | msn.comCannes 2022: Broker movie review – Hirokazu Kore-eda’s Korean baby adoption drama, starring Song Kang-ho, Gang Dong-won and IU, is a sentimental character studyMay 27, 2022 | msn.comCannes: Japanese Master Hirokazu Kore-eda Discusses the Creation of His ‘Shoplifters’ Companion Feature ‘Broker’May 24, 2022 | finance.yahoo.comKORE Cutting Ribbon on New Operational Headquarters for IoT Managed ServicesSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Telephone communication, except radio Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:KORE CUSIPN/A CIK1855457 Webwww.korewireless.com Phone877 710 5673FaxN/AEmployees614Year FoundedN/ACompany Calendar Last Earnings5/16/2022Today7/02/2022Next Earnings (Estimated)8/15/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$9.13 High Stock Price Forecast$13.00 Low Stock Price Forecast$5.00 Forecasted Upside/Downside+212.5%Consensus RatingModerate Buy Rating Score (0-4)2.5 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio1.51 Current Ratio2.47 Quick Ratio2.20 Sales & Book Value Annual Sales$248.22 million Price / Sales0.90 Cash Flow$0.39 per share Price / Cash Flow7.52 Book Value$3.78 per share Price / Book0.77Miscellaneous Outstanding Shares76,240,000Free FloatN/AMarket Cap$222.62 million OptionableNot Optionable Beta1.39 KORE Group 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 year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KORE Group stock. View analyst ratings for KORE Group or view top-rated stocks. What is KORE Group's stock price forecast for 2022? 4 brokerages have issued 1-year target prices for KORE Group's shares. Their KORE stock forecasts range from $5.00 to $13.00. On average, they expect KORE Group's stock price to reach $9.13 in the next twelve months. This suggests a possible upside of 212.5% from the stock's current price. View analysts' price targets for KORE Group or view top-rated stocks among Wall Street analysts. How has KORE Group's stock price performed in 2022? KORE Group's stock was trading at $6.74 at the beginning of the year. Since then, KORE stock has decreased by 56.7% and is now trading at $2.92. View the best growth stocks for 2022 here. Are investors shorting KORE Group? KORE Group saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 117,300 shares, an increase of 19.8% from the May 31st total of 97,900 shares. Based on an average trading volume of 182,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are sold short. View KORE Group's Short Interest. When is KORE Group's next earnings date? KORE Group is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022. View our earnings forecast for KORE Group. How were KORE Group's earnings last quarter? KORE Group Holdings, Inc. (NYSE:KORE) issued its quarterly earnings data on Monday, May, 16th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.06. The company earned $68.94 million during the quarter, compared to analysts' expectations of $62.47 million. View KORE Group's earnings history. What guidance has KORE Group issued on next quarter's earnings? KORE Group updated its FY 2022 earnings guidance on Monday, June, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $260.00 million-$265.00 million, compared to the consensus revenue estimate of $271.55 million. Who are KORE Group's key executives? KORE Group's management team includes the following people: Mr. Romil Bahl, CEO, Pres & Director (Age 53, Pay $3.74M)Mr. Tushar K. Sachdev, Exec. VP & CTO (Age 49, Pay $1.08M)Mr. Bryan A. Lubel, Exec. VP of Connected Health (Age 58, Pay $1.15M)Mr. Paul Holtz, Exec. VP, CFO & Treasurer (Age 45)Vik Vijayvergiya, VP of Investor RelationsMr. Jack William Kennedy Jr., Exec. VP, Chief Legal Officer & Sec. (Age 46)Mr. Rajesh Gupta, Sr. VP of CX, Marketing & IoTMSMs. Louise P. Winstone, Exec. VP & Chief HR Officer (Age 43)Mr. Sunder Somasundaram, Sr. VP of Fleet Management & Industrial IoTMr. Steven Jones, Sr. VP of Carrier Management Who are some of KORE Group's key competitors? Some companies that are related to KORE Group include Consolidated Communications (CNSL), Anterix (ATEX), ATN International (ATNI), Hong Kong Technology Venture (HKTVY), Starry Group (STRY), IDT (IDT), Public Joint Stock Company Rostelecom (ROSYY), LICT (LICT), Atento (ATTO), Nuvera Communications (NUVR), Crexendo (CXDO), FT Cboe Vest Gold Target Income ETF (IGLD), OI (OIBRQ), The Liberty Braves Group (BATRB) and NextPlat (NXPL). View all of KORE's competitors. 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 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 $2.92. How much money does KORE Group make? KORE Group (NYSE:KORE) has a market capitalization of $222.62 million and generates $248.22 million in revenue each year. How many employees does KORE Group have? KORE Group employs 614 workers across the globe. How can I contact KORE Group? The official website for KORE Group is www.korewireless.com. The company can be reached via phone at 877 710 5673 or via email at [email protected]. This page (NYSE:KORE) was last updated on 7/2/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. MarketBeat Resources Premium Research Tools MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. Discover All Access Market Data and Calendars Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free. View Market Data Investing Education and Resources Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more. Financial Terms Details Here
