Should I buy or sell KORE Group stock right now?

5 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 3 buy ratings for the stock. The consensus among Wall Street equities research 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 target for 2024?

5 brokers have issued 12 month price objectives for KORE Group's shares. Their KORE share price targets range from $0.70 to $5.00. On average, they anticipate the company's share price to reach $2.94 in the next twelve months. This suggests a possible upside of 294.6% 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 2024?

KORE Group's stock was trading at $0.9802 at the beginning of 2024. Since then, KORE shares have decreased by 24.0% and is now trading at $0.7450. View the best growth stocks for 2024 here .

Are investors shorting KORE Group?

KORE Group saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 146,500 shares, an increase of 55.7% from the February 29th total of 94,100 shares. Based on an average trading volume of 181,700 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% 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 Tuesday, May 14th 2024. View our KORE earnings forecast .

What guidance has KORE Group issued on next quarter's earnings?

KORE Group issued an update on its FY 2024 earnings guidance on Thursday, April, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $300.0 million-$305.0 million, compared to the consensus revenue estimate of $324.2 million.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:KORE

KORE Group (KORE) Stock Price, News & Analysis

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$0.77

-0.01 (-0.66%)

(As of 10:04 AM ET)

Compare

Today's Range: $0.74
▼
$0.80
50-Day Range: $0.67
▼
$1.09
52-Week Range: $0.32
▼
$1.76

Volume: 3,056 shs
Average Volume: 124,051 shs
Market Capitalization: $66.77 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.94

Get KORE Group alerts:

KORE Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 294.6% Upside
$2.94 Price Target
Short Interest: Healthy
0.46% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.06
Based on 12 Articles This Week
Insider Trading: Selling Shares
$8,725 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.42) to ($0.34) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.44 out of 5 stars

Computer And Technology Sector

369th out of 585 stocks

Telephone Communication, Except Radio Industry

12th out of 21 stocks

3.3

Analyst's Opinion

Consensus Rating
KORE Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
KORE Group has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.46% of the float of KORE Group has been sold short.
Short Interest Ratio / Days to Cover
KORE Group has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in KORE Group has recently increased by 4.78%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
KORE Group does not currently pay a dividend.
Dividend Growth
KORE Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KORE.

2.3

News and Social Media Coverage

News Sentiment
KORE Group has a news sentiment score of 0.06. 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 0.48 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for KORE Group this week, compared to 2 articles on an average week.
MarketBeat Follows
3 people have added KORE Group to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, KORE Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,725.00 in company stock.
Percentage Held by Insiders
Only 0.80% of the stock of KORE Group is held by insiders.
Percentage Held by Institutions
57.45% of the stock of KORE Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for KORE Group are expected to grow in the coming year, from ($0.42) to ($0.34) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of KORE Group is -0.39, 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. Sector
The P/E ratio of KORE Group is -0.39, 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 Ratio
KORE Group has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About KORE Group Stock (NYSE:KORE)

KORE 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.

KORE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

KORE Stock News Headlines

April 15, 2024 | markets.businessinsider.com

KORE Stock Earnings: Kore Group Holdings Misses EPS, Misses Revenue for Q4 2023

April 15, 2024 | finance.yahoo.com

KORE helps GoRout Tackle Communication Between Players and Coaches

April 18, 2024 | Paradigm Press (Ad)

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KORE Group Holdings, Inc. (KORE) Q4 2023 Earnings Call Transcript

April 14, 2024 | americanbankingnews.com

KORE Group (NYSE:KORE) Receives Buy Rating from Roth Mkm

April 14, 2024 | americanbankingnews.com

Comparing Frontier Communications Parent (NASDAQ:FYBR) & KORE Group (NYSE:KORE)

April 12, 2024 | finance.yahoo.com

Kore Group Holdings Inc (KORE) Q4 2023 Earnings Call Transcript Highlights: A Mixed Bag of ...

April 11, 2024 | finance.yahoo.com

Q4 2023 KORE Group Holdings Inc Earnings Call

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KORE Reports Fourth Quarter and Full Year 2023 Results; Provides Full-Year 2024 Revenue Guidance of $300 to $305 Million Driven by IoT Connectivity

April 11, 2024 | prnewswire.com

KORE Reports Fourth Quarter and Full Year 2023 Results; Provides Full-Year 2024 Revenue Guidance of $300 to $305 Million Driven by IoT Connectivity

April 10, 2024 | markets.businessinsider.com

KORE Group is about to announce its earnings — here's what to expect

April 8, 2024 | prnewswire.com

KORE to Report Fourth Quarter and Full Year 2023 Results on April 11, 2024

April 5, 2024 | msn.com

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April 3, 2024 | yahoo.com

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April 2, 2024 | finance.yahoo.com

Positive Signs As Multiple Insiders Buy KORE Group Holdings Stock

April 2, 2024 | msn.com

Kore Potash Advances Towards Kola Project Financing with Significant Developments in 2023

March 31, 2024 | msn.com

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March 29, 2024 | msn.com

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March 29, 2024 | msn.com

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March 28, 2024 | lse.co.uk

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March 25, 2024 | msn.com

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Company Calendar

Today: 4/17/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Telephone communication, except radio
Sub-Industry: N/A
Current Symbol: NYSE:KORE
CUSIP: N/A
CIK: 1855457
Web: www.korewireless.com
Phone: 877-710-5673
Fax: N/A
Employees: 595
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $2.94
High Stock Price Target: $5.00
Low Stock Price Target: $0.70
Potential Upside/Downside: +294.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.93)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-106,200,000.00
Net Margins: -75.83%
Pretax Margin: -79.16%
Return on Equity: -55.37%
Return on Assets: -12.23%

Debt

Debt-to-Equity Ratio: 5.80
Current Ratio: 1.47
Quick Ratio: 1.31

Sales & Book Value

Annual Sales: $276.61 million
Price / Sales: 0.23
Cash Flow: $0.85 per share
Price / Cash Flow: 0.88
Book Value: $2.37 per share
Price / Book: 0.31

Miscellaneous

Outstanding Shares: 86,711,000
Free Float: 86,017,000
Market Cap: $64.60 million
Optionable: Not Optionable
Beta: 2.81

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Key Executives

Mr. Romil Bahl (Age 55)
CEO, President & Director
Comp: $1.05M
Mr. Tushar K. Sachdev (Age 51)
CTO & Executive VP of Analytics
Comp: $419.58k
Mr. Bryan A. Lubel (Age 60)
Executive VP & GM of Global Industries
Comp: $347.45k
Mr. Paul Holtz (Age 47)
Executive VP, CFO, Treasurer, Principal Financial Officer & Principal Accounting Officer
Mr. Rajesh Gupta
Senior Vice President of CX & Operations
Vik Vijayvergiya
Vice President of Investor Relations
Mr. Jack William Kennedy Jr. (Age 48)
Executive VP, Chief Legal Officer & Secretary
Ms. Louise P. Winstone (Age 45)
Executive VP & Chief HR Officer
Mr. Steven Jones
Senior Vice President of Carrier Management
Mr. Pete West
Senior Vice President of Sales - North America

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KORE Stock Analysis - Frequently Asked Questions

Should I buy or sell KORE Group stock right now?: 5 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 3 buy ratings for the stock. The consensus among Wall Street equities research 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 target for 2024?: 5 brokers have issued 12 month price objectives for KORE Group's shares. Their KORE share price targets range from $0.70 to $5.00. On average, they anticipate the company's share price to reach $2.94 in the next twelve months. This suggests a possible upside of 294.6% 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 2024?: KORE Group's stock was trading at $0.9802 at the beginning of 2024. Since then, KORE shares have decreased by 24.0% and is now trading at $0.7450.
View the best growth stocks for 2024 here.
Are investors shorting KORE Group?: KORE Group saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 146,500 shares, an increase of 55.7% from the February 29th total of 94,100 shares. Based on an average trading volume of 181,700 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% 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 Tuesday, May 14th 2024.
View our KORE earnings forecast.
What guidance has KORE Group issued on next quarter's earnings?: KORE Group issued an update on its FY 2024 earnings guidance on Thursday, April, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $300.0 million-$305.0 million, compared to the consensus revenue estimate of $324.2 million.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KORE) was last updated on 4/18/2024 by MarketBeat.com Staff

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KORE Group (KORE) Stock Price, News & Analysis

KORE Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About KORE Group Stock (NYSE:KORE)

KORE Stock Price History

KORE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

KORE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™