NYSE:KORE KORE Group (KORE) Stock Forecast, Price & News $1.58 -0.01 (-0.63%) (As of 12:06 PM ET) Add Compare Share Share Today's Range$1.52▼$1.6350-Day Range$1.11▼$1.7152-Week Range$1.06▼$4.90Volume15,601 shsAverage Volume130,218 shsMarket Capitalization$120.93 millionP/E RatioN/ADividend YieldN/APrice Target$6.70 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media KORE Group MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside326.8% Upside$6.70 Price TargetShort InterestBearish4.23% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.33Based on 3 Articles This WeekInsider TradingAcquiring Shares$68,072 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.54) to ($0.29) Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector452nd out of 621 stocksTelephone Communication, Except Radio Industry18th out of 25 stocks 3.4 Analyst's Opinion Consensus RatingKORE Group has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $6.70, KORE Group has a forecasted upside of 326.8% from its current price of $1.57.Amount of Analyst CoverageKORE Group has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted4.23% 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 10.7, which indicates bearish sentiment.Change versus previous monthShort interest in KORE Group has recently increased by 16.67%, 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 N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KORE. Previous Next 1.8 News and Social Media Coverage News SentimentKORE Group has a news sentiment score of 0.33. 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 0.58 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for KORE Group this week, compared to 2 articles on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, KORE Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $68,072.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.28% of the stock of KORE Group is held by insiders.Percentage Held by InstitutionsOnly 34.88% of the stock of KORE Group is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for KORE Group are expected to grow in the coming year, from ($0.54) to ($0.29) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of KORE Group is -1.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of KORE Group is -1.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioKORE Group has a P/B Ratio of 0.73. 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 About KORE Group (NYSE:KORE) StockKORE 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 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 KORE Stock News HeadlinesMay 27, 2023 | msn.comFrance's Triet becomes third female director to win Cannes' top prizeMay 26, 2023 | msn.comJohn Wick 4, Shazam 2, and every new movie to watch at home this weekendMay 31, 2023 | Edge On The Street (Ad)146 Pounds of Graphite Needed for Each EVGraphite - 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.May 19, 2023 | msn.comCannes 2023 Palme d’Or Predictions: Here’s a Look at the Likely WinnersMay 18, 2023 | msn.comLegend of the Croisette: How Hirokazu Kore-eda Put a Fresh Spin on His Trademark Humanism for Competition Title ‘Monster’May 17, 2023 | americanbankingnews.comKORE Group Holdings, Inc. (NYSE:KORE) Director Robert P. Macinnis Buys 11,755 SharesMay 17, 2023 | americanbankingnews.comTomer Yosef-Or Acquires 24,671 Shares of KORE Group Holdings, Inc. (NYSE:KORE) StockMay 17, 2023 | americanbankingnews.comQ3 2023 Earnings Estimate for KORE Group Holdings, Inc. (NYSE:KORE) Issued By Northland CapmkMay 31, 2023 | Edge On The Street (Ad)146 Pounds of Graphite Needed for Each EVGraphite - 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.May 17, 2023 | msn.comKottage Kore Kitchen nonprofit helps houseless individualsMay 12, 2023 | msn.comMorgan Stanley Maintains Kore Group Holdings (KORE) Equal-Weight RecommendationMay 11, 2023 | msn.comRecap: Kore Group Holdings Q1 EarningsMay 10, 2023 | finanznachrichten.deKORE Group Holdings, Inc. Reports First Quarter 2023 Results; Reiterates 2023 GuidanceMay 10, 2023 | finanznachrichten.deKORE Wireless: KORE Reports First Quarter 2023 Results; Reiterates 2023 GuidanceMay 9, 2023 | finance.yahoo.comKORE Group Holdings, Inc. (KORE) Reports Q1 Loss, Tops Revenue EstimatesMay 9, 2023 | finance.yahoo.comKORE Reports First Quarter 2023 Results; Reiterates 2023 GuidanceApril 29, 2023 | americanbankingnews.comKORE Group (NYSE:KORE) vs. Orbsat (OTCMKTS:OSAT) Head-To-Head SurveyApril 29, 2023 | marketwatch.com2023-2030 IoT Connectivity Market | Growing Trends ReportApril 24, 2023 | finance.yahoo.comKORE Group Holdings to Report First Quarter 2023 Financial Results on May 9, 2023April 18, 2023 | finance.yahoo.comKORE Supports Syngenta Agriculture Biodiversity InitiativeApril 18, 2023 | finance.yahoo.comKORE Supports Syngenta Agriculture Biodiversity InitiativeApril 8, 2023 | americanbankingnews.comKORE Group (NYSE:KORE) vs. PLDT (NYSE:PHI) Head-To-Head ComparisonApril 8, 2023 | americanbankingnews.comHead to Head Comparison: KORE Group (NYSE:KORE) & Orbsat (OTCMKTS:OSAT)April 6, 2023 | msn.comTwilio's Stock Takes A Beating: Is the Bottom Just Around the Corner?April 2, 2023 | americanbankingnews.comContrasting KORE Group (NYSE:KORE) & PCCW (OTCMKTS:PCWLF)March 31, 2023 | finance.yahoo.comKORE Provides Additional Details Relating to Anticipated Filing of its Annual Report on Form 10-K for Fiscal Year 2022March 31, 2023 | americanbankingnews.comKORE Group (NYSE:KORE) Price Target Cut to $12.00See More Headlines 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 KORE Company Calendar Last Earnings3/27/2023Today5/31/2023Next Earnings (Estimated)8/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, 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/APrice 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 RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.46) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-106,200,000.00 Net Margins-41.99% Pretax Margin-45.85% Return on Equity-23.86% Return on Assets-7.10% Debt Debt-to-Equity Ratio2.51 Current Ratio1.82 Quick Ratio1.67 Sales & Book Value Annual Sales$268.45 million Price / Sales0.45 Cash Flow$0.89 per share Price / Cash Flow1.78 Book Value$2.37 per share Price / Book0.67Miscellaneous Outstanding Shares76,540,000Free Float76,325,000Market Cap$121.70 million OptionableNot Optionable Beta2.75 Key ExecutivesMr. Romil Bahl (Age 54)CEO, Pres & Director Comp: $3.74MMr. Tushar K. Sachdev (Age 50)Exec. VP & CTO Comp: $1.08MMr. Bryan A. Lubel (Age 59)Exec. VP of Connected Health Comp: $1.15MMr. Paul Holtz (Age 46)Exec. VP, CFO & Treasurer Mr. Chris FrancoskyChief Information OfficerVik VijayvergiyaVP of Investor RelationsMr. Jack William Kennedy Jr. (Age 47)Exec. VP, Chief Legal Officer & Sec. Mr. Rajesh GuptaSr. VP of CX, Marketing & IoTMSMs. Louise P. Winstone (Age 44)Exec. VP & Chief HR Officer Mr. Sunder SomasundaramSr. VP of Fleet Management & Industrial IoTMore ExecutivesKey CompetitorsCrexendoNASDAQ:CXDONeonodeNASDAQ:NEONDragonfly EnergyNASDAQ:DFLIMeta MaterialsNASDAQ:MMATYatra OnlineNASDAQ:YTRAView All CompetitorsInsiders & InstitutionsRomil BahlBought 10,000 shares on 5/17/2023Total: $14,600.00 ($1.46/share)Tomer Yosef-OrBought 592 shares on 5/17/2023Total: $793.28 ($1.34/share)Geode Capital Management LLCBought 50,641 shares on 5/16/2023Ownership: 0.774%Robert P MacinnisBought 11,755 shares on 5/15/2023Total: $13,400.70 ($1.14/share)BlackRock Inc.Sold 54,439 shares on 5/12/2023Ownership: 2.354%View All Insider TransactionsView All Institutional Transactions 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. 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