On September 19, 2023, iCoreConnect, Inc. revealed an exciting collaboration with the esteemed Rhode Island Dental Association. This groundbreaking partnership will grant members of the Rhode Island Dental Association unparalleled access to iCoreConnect’s cutting-edge communication solutions. However, despite this momentous announcement, iCoreConnect’s shares have experienced a decline of 8.19% on the aforementioned date.
It is worth mentioning that in August 2023, the ICCT shares listed on the OTC Market underwent a transformation, becoming shares of common stock for the newly formed entity, iCoreConnect Inc.
iCoreConnect Inc.
ICCT
Neutral
Updated on: 19/09/2023
Financial Health
Weak
Debt to equity ratio: Strong Sell
Price to earnings ratio: Sell
Price to book ratio: Strong Sell
DCF: Strong Buy
ROE: Strong Buy
Opening at $4.34, Fluctuating Throughout the Day with Low Trading Volume – SEO Optimized Title
ICCT’s stock opened at $4.34 on September 19, 2023, lower than the previous day’s closing price of $4.53. The stock’s price fluctuated between a low of $3.73 and a high of $4.44 throughout the day. The trading volume for the day was 4,510 shares, significantly lower than the three-month average volume of 2,505,343 shares. The company’s market capitalization, earnings growth for this year and the next five years, and the price/book ratio are not available. The P/E ratio for ICCT stock is 0.2, indicating potential undervaluation. The price/sales ratio is 1.92, suggesting investors are willing to pay $1.92 for every dollar of sales. No competitor data is provided, and ICCT operates in a highly competitive technology services sector. The company reported an annual revenue of $8.0 million in the previous fiscal year but incurred a net loss of -$6.1 million, resulting in a negative net profit margin of -76.11%. ICCT’s corporate headquarters are not disclosed.
iCoreConnect Inc (ICCT) Stock Shows Promising Performance with Potential Increase of 226.48%: Investment Analysts Recommend Buying
On September 19, 2023, iCoreConnect Inc (ICCT) stock showed promising performance with a potential increase of 226.48% from the last recorded price of 4.57. The consensus among investment analysts remains to buy stock in iCoreConnect Inc, indicating a positive sentiment towards the company’s prospects. Investors will have to wait for further updates on the financial performance of iCoreConnect Inc as the reporting date is yet to be determined. The positive outlook for ICCT stock is likely driven by the company’s performance, market sentiment, and potential growth opportunities. It is important for investors to conduct thorough research and analysis before making any investment decisions.
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