What’s happening at iCoreConnect Inc. (NasdaqGM:ICCT)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 118.89% (or 6.67 points) to $12.28 from its previous close of $5.61. So is it the right moment to buy?
The shares had an increased trading volume of 67,738,520 contracts this session compared to the average daily volume of last 10 days of 12,120,367 contracts and they had an increased trading volume compared to the average daily volume of last 3 months of 1,927,944 contracts.
The indicator of a company’s profitability, the earnings per share ratio is -0.14. This value shows how much money a company makes for each share of its stock. A higher EPS indicates more value because investors will pay more for a company with higher profits. This is negative and tells you exactly how much money the company lost per share of its 197.5M outstanding stocks.
The closing market price for this trading session was 1,247.67% over 52 weeks minimum price of $0.91 and 1.21% under 52 weeks maximum price of $12.43. Also the price is 204.47% greater than 200 day average of $4.03 and 152.94% greater than 50 day average of $4.85.
At post-market close the stock price was $17.16, thus increasing a further 39.74% (or 4.88 points) with respect to regular market close.
Looking at the trading signals for iCoreConnect Inc. over last 6 months of daily time series of prices, the two-week relative strength index (RSI), a momentum indicator that measures the size of recent changes of price to evaluate overbought or oversold conditions, stands at 0. According to standard usage, it’s value less than 30 indicates that ICCT is becoming oversold or undervalued and may be preparing for a trend reversal or corrective pushback in price. The stochastic oscillator reading, another momentum indicator of overbought and oversold conditions, stands at 0. According to standard usage, it’s value less than 20 is considered in the oversold range. But let’s keep in mind that even stochastic readings very close to thresholds are not indicative of imminent reversal. In fact very strong trends can maintain overbought or oversold conditions for an extended period, but changes in the stochastic oscillator might suggest future trend shifts.
Another important signal comes from the Moving Average Convergence Divergence (MACD), a trend-following momentum indicator. It helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening. Traders keep constatly an eye on the move of the MACD above or below the zero line due to the fact that the reading is an indicator of the position of the 12-period Exponential Moving Average (EMA) relative to the 26-period EMA. It currently stands at 0. Besides, its signal, given by nine-day EMA of the MACD, stands at 0.
Latest news that might have contributed to the great perfomance of ICCT today are:
- Why iCoreConnect Stock Is Skyrocketing Today, published on Wed, 30 Aug 2023 15:55:01 +0000
- iCoreConnect Provides Update on Post Business Combination Share Exchange, published on Wed, 30 Aug 2023 02:00:00 +0000
- iCoreConnect Announces Clarification Regarding Trading of Common Stock, Warrants and Preferred Stock, published on Mon, 28 Aug 2023 20:29:00 +0000