NYSE:KORE KORE Group (KORE) Stock Forecast, Price & News $0.56 -0.03 (-5.08%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$0.56▼$0.6250-Day Range$0.56▼$1.2652-Week Range$0.52▼$3.25Volume17,847 shsAverage Volume145,339 shsMarket Capitalization$48.48 millionP/E RatioN/ADividend YieldN/APrice Target$3.80 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media KORE Group MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside578.5% Upside$3.80 Price TargetShort InterestHealthy0.78% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.38Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.70) to ($0.32) 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 Sector463rd out of 605 stocksTelephone Communication, Except Radio Industry15th out of 19 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 $3.80, KORE Group has a forecasted upside of 578.5% from its current price of $0.56.Amount of Analyst CoverageKORE Group has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.78% 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 2.5, 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 24.36%, 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 1.9 News and Social Media Coverage News SentimentKORE Group has a news sentiment score of 0.38. 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 0.64 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for KORE Group this week, compared to 2 articles on an average week. Previous Next 0.0 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 InsidersOnly 0.80% of the stock of KORE Group is held by insiders.Percentage Held by InstitutionsOnly 35.31% 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 ($0.70) to ($0.32) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of KORE Group is -0.36, 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 -0.36, 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 0.24. 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 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.Read More KORE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KORE Stock News HeadlinesOctober 3, 2023 | americanbankingnews.comLICT (OTCMKTS:LICT) & KORE Group (NYSE:KORE) Critical SurveyOctober 1, 2023 | msn.comUnresolved Grazing Issues Push Abuja Farmers, Herders To Endless ConflictOctober 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.comKORE Group Holdings, Inc. to Post Q3 2023 Earnings of ($0.12) Per Share, Northland Capmk Forecasts (NYSE:KORE)September 23, 2023 | americanbankingnews.comNorthland Securities Lowers KORE Group (NYSE:KORE) Price Target to $5.00September 21, 2023 | msn.comNorthland Capital Markets Maintains Kore Group Holdings (KORE) Outperform RecommendationSeptember 20, 2023 | finance.yahoo.comKORE to Discuss Digital Transformation, AI, eSIM at MWC Las Vegas 2023September 15, 2023 | msn.comFraudster pleads guilty to embezzling $1M while taking 13 first-class cruises in 4 yearsOctober 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.comCalgary accountant pleads guilty to embezzling $1 million from employerSeptember 12, 2023 | finance.yahoo.comKORE Receives 2023 LPWAN Excellence Award from IoT EvolutionSeptember 7, 2023 | msn.comKORE gets non-compliance notice from NYSESeptember 6, 2023 | finance.yahoo.comKORE Receives Continued Listing Standard Notice from NYSESeptember 6, 2023 | technews.tmcnet.comKore.ai Launches Intelligent Virtual Assistants for Zoom Contact CenterAugust 31, 2023 | msn.comDALI Celebrates 40 Years of Loudspeaker Innovation with the EPIKORE 11 at CEDIA 2023August 29, 2023 | finance.yahoo.comKORE Empowers National Retailer's Digital Transformation with 5G ConnectivityAugust 16, 2023 | msn.comTD Cowen Maintains Kore Group Holdings (KORE) Outperform RecommendationAugust 15, 2023 | finance.yahoo.comKORE Group Holdings, Inc. (NYSE:KORE) Q2 2023 Earnings Call TranscriptAugust 13, 2023 | juniorminingnetwork.comKORE Mining and Torres Martinez Desert Cahuilla Indians Sign Letter of Intent for Resource DevelopmentAugust 12, 2023 | msn.comDeutsche Bank Maintains Kore Group Holdings (KORE) Hold RecommendationAugust 10, 2023 | markets.businessinsider.comHere's what Wall Street expects from KORE Group's earningsAugust 10, 2023 | finance.yahoo.comQ2 2023 KORE Group Holdings Inc Earnings CallAugust 10, 2023 | finanznachrichten.deKORE Group Holdings, Inc.: KORE Reports Second Quarter 2023 Results; Maintains 2023 Revenue and Adjusted EBITDA GuidanceAugust 9, 2023 | finance.yahoo.comKORE Group Holdings, Inc. (KORE) Reports Q2 Loss, Misses Revenue EstimatesAugust 9, 2023 | finance.yahoo.comKORE Reports Second Quarter 2023 Results; Maintains 2023 Revenue and Adjusted EBITDA GuidanceAugust 8, 2023 | lse.co.ukKore Potash to pay up to USD5 million as part of revised agreementAugust 8, 2023 | marketwatch.comKore Potash Shares Fall on Discounted $1 Mln FundraiseSee More Headlines 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 Earnings8/09/2023Today10/03/2023Next Earnings (Estimated)11/13/2023Fiscal 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/AEmployees595Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.55) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 Ratio2.53 Current Ratio1.65 Quick Ratio1.51 Sales & Book Value Annual Sales$268.45 million Price / Sales0.18 Cash Flow$0.81 per share Price / Cash Flow0.69 Book Value$2.37 per share Price / Book0.24Miscellaneous Outstanding Shares86,550,000Free Float85,861,000Market Cap$48.48 million OptionableNot Optionable Beta2.54 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Romil Bahl (Age 54)CEO, Pres & Director Comp: $1.05MMr. Tushar K. Sachdev (Age 50)CTO & Exec. VP of Analytics Comp: $419.58kMr. Bryan A. Lubel (Age 59)Exec. VP of Connected Health Comp: $347.45kMr. Paul Holtz (Age 46)Exec. VP, CFO, Treasurer, Principal Financial Officer & Principal Accounting Officer Vik VijayvergiyaVP of Investor RelationsMr. 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 SomasundaramSr. VP of Fleet Management & Industrial IoTMr. Steven JonesSr. VP of Carrier ManagementMr. Gideon RogovskySr. VP of AmericasMore ExecutivesKey CompetitorsCrexendoNASDAQ:CXDOSurgePaysNASDAQ:SURGARB IOT GroupNASDAQ:ARBBKewaunee ScientificNASDAQ:KEQUiCADNASDAQ:ICADView All CompetitorsInsiders & InstitutionsRBF Capital LLCBought 876,869 shares on 8/15/2023Ownership: 1.146%Cantor Fitzgerald L. P.Bought 157,289 shares on 8/15/2023Ownership: 0.205%Y Intercept Hong Kong LtdBought 58,028 shares on 8/15/2023Ownership: 0.076%DRW Securities LLCBought 51,900 shares on 8/15/2023Ownership: 0.068%State Street CorpSold 319,768 shares on 8/14/2023Ownership: 0.157%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 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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