iCoreConnect Inc (NASDAQ:ICCT) shares, rose in value on Wednesday, April 16, with the stock price down by -11.53% to the previous day’s close as strong demand from buyers drove the stock to $2.84.
Actively observing the price movement in the last trading, the stock closed the session at $3.21, falling within a range of $2.43 and $3.46. The value of beta (5-year monthly) was -0.695. Referring to stock’s 52-week performance, its high was $27.80, and the low was $0.24. On the whole, ICCT has fluctuated by 441.06% over the past month.
With the market capitalization of iCoreConnect Inc currently standing at about $5.88 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2021-Nov-14.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ICCT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ICCT currently trading nearly 9.73% and 55.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.32, while the 7-day volatility ratio is showing 27.95% which for the 30-day chart, stands at 58.66%. Furthermore, iCoreConnect Inc (ICCT)’s beta value is -0.96, and its average true range (ATR) is 1.29.
A comparison of iCoreConnect Inc (ICCT) with its peers suggests the former has fared considerably weaker in the market. ICCT showed an intraday change of -11.53% in last session, and over the past year, it shrunk by -88.55%%.
Data on historical trading for iCoreConnect Inc (NASDAQ:ICCT) indicates that the trading volumes over the past 10 days have averaged 33.26 and over the past 3 months, they’ve averaged 16.45 million. According to company’s latest data on outstanding shares, there are 2.07 million shares outstanding.
Nearly 18.89% of iCoreConnect Inc’s shares belong to company insiders and institutional investors own 9.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.37 million shares as on 2025-03-31, resulting in a short ratio of 0.02. According to the data, the short interest in iCoreConnect Inc (ICCT) stood at 1936.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.25 million. The stock has risen by 13.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ICCT stock heading into the next quarter.
