KORE Group (NYSE:KORE) Announces Quarterly Earnings Results, Misses Estimates By $0.15 EPS

KORE Group (NYSE:KORE - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.64) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.15), Zacks reports. The business had revenue of $68.69 million for the quarter, compared to the consensus estimate of $72.70 million.KORE Group Trading Up 1.0%2 Penny Stocks With $10 Potential KORE traded up $0.04 during trading on Thursday, reaching $4.09. 151,009 shares of the company were exchanged, compared to its average volume of 48,269. KORE Group has a 52 week low of $1.10 and a 52 week high of $4.88. The firm has a 50 day moving average of $3.00 and a 200 day moving average of $2.62. The stock has a market cap of $71.55 million, a P/E ratio of -1.04 and a beta of 1.74. Analyst Ratings ChangesKORE has been the topic of several research analyst reports. TD Cowen lifted their price objective on KORE Group from $3.00 to $5.00 and gave the company a "hold" rating in a research note on Thursday. Weiss Ratings reiterated a "sell (d-)" rating on shares of KORE Group in a report on Tuesday. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $4.00.Get Our Latest Research Report on KORE GroupKORE Group Company Profile (Get Free Report)KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company's products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.See AlsoFive stocks we like better than KORE GroupWhen to Sell a Stock for Profit or LossForget Netflix—Paramount Skydance’s $3B Plan Is Turning Heads on Wall StreetHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsAMD to $300 Looks Easy—Here’s Why $500 Could Be NextPets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio$5B+ in Buybacks: What DraftKings, AppLovin, and Altria Are Telling You This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in KORE Group Right Now?Before you consider KORE Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KORE Group wasn't on the list.While KORE Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here