electroCore (ECOR) Scheduled to Post Earnings on Thursday

electroCore (NASDAQ:ECORGet Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, May 5th. Analysts expect electroCore to post earnings of ($0.05) per share for the quarter.

electroCore (NASDAQ:ECORGet Rating) last posted its quarterly earnings data on Thursday, March 10th. The company reported ($0.07) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). The business had revenue of $1.49 million during the quarter, compared to the consensus estimate of $1.53 million. electroCore had a negative return on equity of 57.78% and a negative net margin of 315.87%. During the same period in the prior year, the company earned ($0.14) earnings per share. On average, analysts expect electroCore to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ECOR stock opened at $0.41 on Friday. The company has a market capitalization of $29.18 million, a P/E ratio of -1.38 and a beta of 0.92. electroCore has a twelve month low of $0.40 and a twelve month high of $1.85. The business has a 50 day simple moving average of $0.54 and a 200-day simple moving average of $0.68.

Several equities research analysts recently weighed in on ECOR shares. Maxim Group started coverage on electroCore in a report on Friday, March 11th. They set a “buy” rating and a $1.50 price target for the company. HC Wainwright decreased their price target on electroCore from $3.00 to $2.75 and set a “buy” rating for the company in a report on Wednesday, January 19th.

Several hedge funds and other institutional investors have recently modified their holdings of ECOR. UBS Group AG lifted its holdings in shares of electroCore by 222.6% during the third quarter. UBS Group AG now owns 25,598 shares of the company’s stock worth $29,000 after purchasing an additional 17,662 shares during the period. Jane Street Group LLC purchased a new position in electroCore in the third quarter worth $31,000. State Street Corp raised its position in electroCore by 49.3% in the fourth quarter. State Street Corp now owns 164,500 shares of the company’s stock worth $96,000 after acquiring an additional 54,300 shares in the last quarter. Citadel Advisors LLC raised its position in electroCore by 68.3% in the third quarter. Citadel Advisors LLC now owns 95,832 shares of the company’s stock worth $108,000 after acquiring an additional 38,879 shares in the last quarter. Finally, BlackRock Inc. raised its position in electroCore by 13.3% in the fourth quarter. BlackRock Inc. now owns 188,505 shares of the company’s stock worth $109,000 after acquiring an additional 22,112 shares in the last quarter. 19.63% of the stock is owned by hedge funds and other institutional investors.

About electroCore (Get Rating)

electroCore, Inc, a commercial stage medical device company, engages in the development and commercialization of a range of non-invasive vagus nerve stimulation (nVNS) therapies. The company is developing gammaCore, a prescription-only nVNS therapy for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

Further Reading

Earnings History for electroCore (NASDAQ:ECOR)

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