Electrocore Stock Financials

ECOR -  USA Stock  

USD 0.94  0.02  2.08%

Understanding current and past Electrocore Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Electrocore's financial statements are interrelated, with each one affecting the others. For example, an increase in Electrocore's assets may result in an increase in income on the income statement. Because of this, it is necessary to analyze all of Electrocore's financials over time to get the whole picture.
Electrocore Average Assets are relatively stable at the moment as compared to the past year. Electrocore reported last year Average Assets of 30.9 Million. As of 10/24/2021, Average Equity is likely to grow to about 24.1 M, while Earnings before Tax are likely to drop (26.6 M).
We were able to break down and interpolate data for thirty-four available fundamental indicators for Electrocore, which can be compared to its rivals. To make sure the equity is not overpriced, please confirm all Electrocore financials, including its total debt, total asset, and the relationship between the gross profit and short ratio . Given that Electrocore is a hitting penny stock territory we advise to closely look at its price to earning. Use Electrocore to protect your portfolios against small market fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Electrocore to be traded at $0.9024 in 90 days.

Electrocore Fundamentals 

 
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With this module, you can analyze Electrocore financials for your investing period. You should be able to track the changes in Electrocore individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
The fundamental analysis of Electrocore is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Electrocore includes many different criteria found on its balance sheet. For example, investors should never minimize Electrocore's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Electrocore's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Electrocore.

Electrocore Cash

  Chance Of Financial Distress
Less than 3
Electrocore has less than 3 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Electrocore stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Electrocore's official financial statements usually reflect Electrocore's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Electrocore. For example, before you start analyzing numbers published by Electrocore accountants, it's critical to develop an understanding of what Electrocore's liquidity, profitability, and earnings quality are in the context of the Healthcare space in which it operates.
Please note, the presentation of Electrocore's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Electrocore's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Electrocore's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Electrocore. Please utilize our Beneish M Score to check the likelihood of Electrocore's management to manipulate its earnings.

Electrocore Company Summary

Electrocore competes with Alcon, Angiodynamics, Atricure, Atrion Corp, and Antares Pharma. electroCore, Inc., a commercial stage medical device company, engages in the development and commercialization of a range of non-invasive vagus nerve stimulation therapies. The company was founded in 2005 and is headquartered in Rockaway, New Jersey. Electrocore operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 45 people.
Specialization
Healthcare, Medical Instruments & Supplies
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CUSIP28531P103
LocationNew Jersey; U.S.A
Business Address200 Forge Way
SectorHealthcare
IndustryMedical Devices
BenchmarkDOW
Websitewww.electrocore.com
Phone973 290 0097
CurrencyUSD - US Dollar

Electrocore Key Financial Ratios

Generally speaking, Electrocore's financial ratios allow both analysts and investors to convert raw data from Electrocore's financial statements into concise, actionable information that can be used to evaluate the performance of Electrocore over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Electrocore reports annually and quarterly.

Electrocore Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Electrocore's current stock value. Our valuation model uses many indicators to compare Electrocore value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Electrocore competition to find correlations between indicators driving Electrocore's intrinsic value. More Info.
Electrocore is one of the top stocks in cash flow from operations category among related companies. It is one of the top stocks in net income category among related companies . . Electrocore Net Income is relatively stable at the moment as compared to the past year. Electrocore reported last year Net Income of (23.51 Million)

Electrocore Systematic Risk

Electrocore's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Electrocore volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Electrocore correlated with the market. If Beta is less than 0 Electrocore generally moves in the opposite direction as compared to the market. If Electrocore Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Electrocore is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Electrocore is generally in the same direction as the market. If Beta > 1 Electrocore moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.

About Electrocore Financials

What exactly are Electrocore Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Electrocore's income statement, its balance sheet, and the statement of cash flows. Potential Electrocore investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Electrocore investors may use each financial statement separately, they are all related. The changes in Electrocore's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Electrocore's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
 2018 2019 2020 2021 (projected)
Current Assets72.7 M26.53 M25.06 M32.16 M
Total Assets73.5 M35.46 M31.52 M37.47 M

Electrocore Thematic Clasifications

Electrocore is part of Medical Equipment investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Medical Equipment industry as classified by Fama & French. Fama and French focuses on testing asset pricing under different economic assumptions
Medical Equipment Idea
Medical EquipmentView
This theme covers USA Equities from Medical Equipment industry as classified by Fama & French. Fama and French focuses on testing asset pricing under different economic assumptions. Get More Thematic Ideas

Electrocore October 24, 2021 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Electrocore help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Electrocore. We use our internally-developed statistical techniques to arrive at the intrinsic value of Electrocore based on widely used predictive technical indicators. In general, we focus on analyzing Electrocore Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Electrocore's daily price indicators and compare them against related drivers.
Information Ratio(0.03256)
Maximum Drawdown15.05
Value At Risk(5.05)
Potential Upside7.37
Continue to Investing Opportunities. Note that the Electrocore information on this page should be used as a complementary analysis to other Electrocore's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running Electrocore price analysis, check to measure Electrocore's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Electrocore is operating at the current time. Most of Electrocore's value examination focuses on studying past and present price action to predict the probability of Electrocore's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Electrocore's price. Additionally, you may evaluate how the addition of Electrocore to your portfolios can decrease your overall portfolio volatility.
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The market value of Electrocore is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore's value that differs from its market value or its book value, called intrinsic value, which is Electrocore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electrocore's market value can be influenced by many factors that don't directly affect Electrocore underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electrocore's value and its price as these two are different measures arrived at by different means. Investors typically determine Electrocore value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.