electroCore (NASDAQ:ECOR) Trading 1.4% Higher – What’s Next?

electroCore, Inc. (NASDAQ:ECOR)’s share price was up 1.4% during mid-day trading on Friday . The stock traded as high as $4.96 and last traded at $4.95. Approximately 19,108 shares traded hands during trading, a decline of 46% from the average daily volume of 35,493 shares. The stock had previously closed at $4.88.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ECOR shares. Weiss Ratings restated a “sell (d-)” rating on shares of electroCore in a report on Monday. Wall Street Zen raised shares of electroCore from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.50.

electroCore Stock Performance

The stock has a 50 day moving average of $5.03 and a two-hundred day moving average of $5.42. The firm has a market capitalization of $39.60 million, a P/E ratio of -2.89 and a beta of 0.33.

electroCore (NASDAQ:ECOR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.07). electroCore had a negative net margin of 47.46% and a negative return on equity of 447.87%. The company had revenue of $8.69 million for the quarter, compared to analyst estimates of $7.84 million. Sell-side analysts predict that electroCore, Inc. will post -1.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ECOR. Two Sigma Investments LP boosted its holdings in electroCore by 20.8% during the third quarter. Two Sigma Investments LP now owns 24,603 shares of the company’s stock valued at $122,000 after acquiring an additional 4,231 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in shares of electroCore by 26.7% in the second quarter. Jaffetilchin Investment Partners LLC now owns 41,783 shares of the company’s stock worth $221,000 after purchasing an additional 8,800 shares during the period. Jump Financial LLC acquired a new position in shares of electroCore during the 1st quarter worth about $95,000. Jane Street Group LLC boosted its stake in electroCore by 114.4% during the 1st quarter. Jane Street Group LLC now owns 36,726 shares of the company’s stock valued at $246,000 after purchasing an additional 19,599 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in electroCore during the 1st quarter valued at approximately $153,000. Institutional investors own 26.74% of the company’s stock.

About electroCore

electroCore, Inc is a commercial-stage bioelectronic medicine company headquartered in Rockaway, New Jersey. The company specializes in the development and commercialization of non-invasive vagus nerve stimulation (nVNS) therapies designed to address a variety of neurological and inflammatory conditions. Established in 2006, electroCore has focused its efforts on translating neuromodulation science into a compact, patient-administered treatment device.

The company’s lead product, gammaCore®, is a handheld, battery-powered device that delivers nVNS through the skin to the cervical branch of the vagus nerve.