KORE Group (KORE) Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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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%.

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.

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

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

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.

The company employs 614 workers across the globe.

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.