electroCore, Inc. (NASDAQ:ECOR – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $7.75 and traded as high as $8.59. electroCore shares last traded at $8.40, with a volume of 235,534 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of electroCore in a report on Monday, September 21st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.00.
View Our Latest Stock Report on ECOR
electroCore Price Performance
The firm has a market capitalization of $65.39 million, a price-to-earnings ratio of -5.22 and a beta of 1.23. The business has a 50 day moving average of $9.28 and a 200 day moving average of $7.76.
electroCore (NASDAQ:ECOR – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.14. The company had revenue of $9.69 million for the quarter, compared to analyst estimates of $10.93 million. As a group, equities analysts predict that electroCore, Inc. will post -1.40 EPS for the current year.
Insider Buying and Selling at electroCore
In other news, CFO Joshua S. Lev sold 12,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.22, for a total value of $122,640.00. Following the completion of the sale, the chief financial officer owned 84,889 shares in the company, valued at $867,565.58. This represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas Errico purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of $9.85 per share, for a total transaction of $49,250.00. Following the completion of the transaction, the director directly owned 343,332 shares of the company’s stock, valued at $3,381,820.20. This represents a 1.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $200,120. Company insiders own 7.80% of the company’s stock.
Institutional Trading of electroCore
A hedge fund recently bought a new position in electroCore stock. WealthShield Partners LLC bought a new stake in electroCore, Inc. (NASDAQ:ECOR – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,978 shares of the company’s stock, valued at approximately $157,000. WealthShield Partners LLC owned 0.32% of electroCore as of its most recent SEC filing. 26.74% of the stock is owned by institutional investors and hedge funds.
electroCore Company Profile
electroCore, Inc (NASDAQ: ECOR) is a commercial-stage medical device company focused on bioelectronic medicine and non-invasive vagus nerve stimulation (nVNS). Its technology is designed to stimulate the vagus nerve through the neck without requiring surgery or implanted components.
The company’s primary prescription product is gammaCore, a handheld nVNS device used for the acute treatment of pain associated with migraine and episodic cluster headaches in adults. electroCore also markets consumer-oriented products, including Truvaga, a handheld vagus nerve stimulation device positioned for general wellness applications.
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