electroCore Inc. [NASDAQ:ECOR] shares are showing an active tape with a current price of $1.98 on Thursday.
electroCore Inc. is in the Healthcare sector under the Medical Instruments & Supplies industry. This week, we are watching the stock hit price per sales of 31.24 with an earning per share of -1.05.
For the year, the stock is trading 24.53% and the five-day change stands at 5.60%. As a point of reference, the S&P 500 is trading 0.79% YTD.
The Price is right
Holding a Market Cap of $87.48 million, electroCore Inc. has seen a trading range over the last year of $0.32-$3.30.
For the last five days, ECOR is up from its last closing price. The average shares trading hands each day is 5.47M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for ECOR. When we apply the Elder Force Index to electroCore Inc., we are seeing an Elder Force Indicator number of 172201.32.
Recent Performance
In the last quarter, ECOR made a profit of 0.48 million. electroCore Inc. also saw quarter revenue growth year over year of 140.72%.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 1.8900 compared to the 50-day moving average of 2.01%. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. ECOR currently holds a 9-day RSI of 67.37%, while 100-day RSI stands at 51.73%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. ECOR’s 9-day MACD is 0.0683 and the company’s 100-day MACD stands at 0.4110.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 26.28% by insiders and 9.92% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 2.00%, while the second top holder, Geode Capital Management, LLC, currently owns 0.60%.
Over the last six months, insiders have bought 176,470 with the most recent transaction from Errico Thomas J., Director, with a purchase at price 0.85 per share.
Conclusion
Overall, the recommended rating for ECOR is Moderate Buy. Currently, the company has 4 analysts watching the stock, and the average quarterly earnings estimate is -0.14. Quarterly revenue estimates are averaging 900k with the high estimate reaching 1M and the low at 760k.
