Electrocore Stock Analysis

ECOR -  USA Stock  

USD 1.00  0.01  0.99%

The latest indifference towards the small price fluctuations of Electrocore could raise concerns from retail investors as the firm it trading at a share price of 1.0 on 429,593 in volume. The company management teams did not add any value to Electrocore investors in September. However, most investors can still diversify their portfolios with Electrocore to hedge their inherited risk against high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.37. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Electrocore partners.
Continue to Investing Opportunities.

Electrocore Stock Analysis 

 
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The Electrocore stock analysis report makes it easy to digest most publicly released information about Electrocore and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Electrocore Stock analysis module also helps to analyze the Electrocore price relationship with some important fundamental indicators such as market cap and management efficiency.

Electrocore Stock Analysis Notes

About 12.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.82. Some equities with similar Price to Book (P/B) outperform the market in the long run. Electrocore recorded a loss per share of 0.48. The entity had not issued any dividends in recent years. 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. To learn more about Electrocore call Francis Amato at 973 290 0097 or check out http://www.electrocore.com.

Electrocore Quarterly Cost of Revenue

374,271Share

Electrocore Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Electrocore's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Electrocore or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Electrocore has some characteristics of a very speculative penny stock
Electrocore has very high historical volatility over the last 90 days
Electrocore is unlikely to experience financial distress in the next 2 years
The company reported the previous year's revenue of 4.48 M. Net Loss for the year was (19.09 M) with profit before overhead, payroll, taxes, and interest of 1.76 M.
Electrocore currently holds about 23.73 M in cash with (13.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.34.
Electrocore has a poor financial position based on the latest SEC disclosures
Roughly 12.0% of the company shares are held by company insiders
Latest headline from www.equities.com: ElectroCore gains 2.02 percent in Light Trading on October 13 - Equities.com

Electrocore Upcoming and Recent Events

Earnings reports are used by Electrocore to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Electrocore previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report11th of November 2021
Next Earnings Report10th of March 2022
Next Fiscal Quarter End30th of September 2021
Next Fiscal Year End10th of March 2022
Last Quarter Report30th of June 2021
Last Earning Announcement30th of September 2020

Electrocore Largest EPS Surprises

Earnings surprises can significantly impact Electrocore's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-03-11
2020-12-31-0.104-0.14-0.03634 
2020-11-12
2020-09-30-0.1367-0.10.036726 
2020-05-14
2020-03-31-0.23-0.27-0.0417 
View All Earnings Estimates

Electrocore SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Electrocore prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Electrocore investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Electrocore specific information freely available to individual and institutional investors to make a timely investment decision.
12th of October 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
20th of September 2021
Financial Statements and Exhibits. Other Events
View
30th of August 2021
Financial Statements and Exhibits
View
5th of August 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
12th of July 2021
Unclassified Corporate Event
View
2nd of July 2021
Financial Statements and Exhibits. Regulation FD Disclosure. Entry into a Material Definitive Agreement
View
16th of June 2021
Submission of Matters to a Vote of Security Holders
View
6th of May 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View

Electrocore Thematic Classifications

In addition to having Electrocore stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Medical Equipment IdeaMedical Equipment
USA Equities from Medical Equipment industry as classified by Fama & French

Electrocore Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Electrocore is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Electrocore backward and forwards among themselves. Electrocore's institutional investor refers to the entity that pools money to purchase Electrocore's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Eidelman Virant CapitalCommon Shares10 K12 K
Awm Investment Company IncCommon SharesMM
Altium Capital Management LpCommon SharesMM
Vanguard Group IncCommon Shares2.3 M2.7 M
Valeo Financial Advisors LlcCommon Shares1.8 M2.2 M
Kepos Capital LpCommon Shares600 K714 K
Two Sigma Advisers LpCommon Shares548.3 K652 K
Note, although Electrocore's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Electrocore Market Capitalization

The company currently falls under 'Micro-Cap' category with current market capitalization of 47.56 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Electrocore's market, we take the total number of its shares issued and multiply it by Electrocore's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Electrocore Profitablity

Electrocore's profitability indicators refer to fundamental financial ratios that showcase Electrocore's ability to generate income relative to its revenue or operating costs. If, let's say, Electrocore is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Electrocore's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Electrocore's profitability requires more research than a typical breakdown of Electrocore's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for 2021
Return on Average Assets(0.76) (0.82) 
Return on Average Equity(1.05) (1.08) 
Return on Invested Capital(1.36) (1.47) 
Return on Sales(7.06) (7.62) 

Management Efficiency

The entity has return on total asset (ROA) of (43.45) % which means that it has lost $43.45 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (82.7) %, meaning that it created substantial loss on money invested by shareholders. Electrocore management efficiency ratios could be used to measure how well electrocore manages its routine affairs as well as how well it operates its assets and liabilities. As of 10/20/2021, Return on Average Assets is likely to drop to -0.82. In addition to that, Return on Average Equity is likely to drop to -1.08. Electrocore Total Assets are relatively stable at the moment as compared to the past year. Electrocore reported last year Total Assets of 31.52 Million. As of 10/20/2021, Current Assets is likely to grow to about 32.2 M, while Asset Turnover is likely to drop 0.09.
Last ReportedProjected for 2021
Book Value per Share 0.59  0.65 
Enterprise Value over EBIT(3.00) (3.24) 
Enterprise Value over EBITDA(2.96) (3.19) 
Price to Book Value 3.08  3.13 
Tangible Assets Book Value per Share 0.81  0.96 
Enterprise Value70.7 M75.3 M
Tangible Asset Value31.5 M37.5 M

Technical Drivers

As of the 20th of October, Electrocore shows the Coefficient Of Variation of 12687.4, downside deviation of 3.12, and Mean Deviation of 2.46. Electrocore technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Electrocore, which can be compared to its rivals. Please confirm Electrocore variance, as well as the relationship between the value at risk and skewness to decide if Electrocore is priced favorably, providing market reflects its regular price of 1.0 per share. Given that Electrocore is a hitting penny stock territory we advise to closely look at its total risk alpha.

Electrocore Price Movement Analysis

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AF Init Long
AF Long
AF Max Long
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The output start index for this execution was one with a total number of output elements of sixty. The Extended Parabolic SAR indicator is used to determine the direction of Electrocore's momentum and the point in time when it has higher than normal probability of directional change. It has more input parameters than standard Parabolic SAR indicator. View also all equity analysis or get more info about parabolic sar extended overlap studies indicator.

Electrocore Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Electrocore insiders, such as employees or executives, is commonly permitted as long as it does not rely on Electrocore's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Electrocore insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Electrocore Technical and Predictive Indicators

Electrocore Forecast Models

Electrocore time-series forecasting models is one of many Electrocore's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Electrocore's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Electrocore Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Electrocore stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Electrocore shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Electrocore. By using and applying Electrocore Stock analysis, traders can create a robust methodology for identifying Electrocore entry and exit points for their positions.
Last ReportedProjected for 2021
EBITDA Margin(6.84) (7.38) 
Gross Margin 0.50  0.53 
Profit Margin(6.72) (7.26) 
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.

Current Electrocore Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Electrocore analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Electrocore analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
3.44Strong Buy4Odds
Electrocore current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Electrocore analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Electrocore stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Electrocore, talking to its executives and customers, or listening to Electrocore conference calls.
Electrocore Analyst Advice Details

Electrocore Stock Analysis Indicators

Electrocore stock analysis indicators help investors evaluate how Electrocore stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Electrocore shares will generate the highest return on investment. By understating and applying Electrocore stock analysis, traders can identify Electrocore position entry and exit signals to maximize returns.
Quick Ratio4.18
Fifty Two Week Low0.9050
Revenue Growth68.60%
Shares Short Prior Month835.33k
Average Daily Volume Last 10 Day717.85k
Average Daily Volume In Three Month2.88M
Shares Percent Shares Out1.73%
Gross Margins57.51%
Short Percent Of Float1.76%
Forward Price Earnings-3.92
Float Shares52.15M
Fifty Two Week High3.6300
Enterprise Value To Ebitda-2.37
Fifty Day Average1.0326
Two Hundred Day Average1.3441
Enterprise Value To Revenue10.97
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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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.