(KORE) KORE Holdings - Ratings and Ratios

KORE Group Holdings, Inc. (NYSE:KORE) is a global provider of Internet of Things (IoT) solutions, specializing in connectivity, device management, and location-based services. Founded in 2002 and headquartered in Atlanta, Georgia, the company serves a diverse range of industries, including healthcare, fleet and vehicle management, asset management, communication services, and industrial manufacturing. Its offerings include IoT connectivity-as-a-service, connectivity enablement-as-a-service, device management services, and security location-based services, all designed to support the development and deployment of IoT technologies for business applications.

From a technical perspective, KOREs stock has shown a stable trend, with its 20-day moving average at 2.48 and 50-day and 200-day moving averages at 2.33 and 2.31, respectively. The average true range (ATR) of 0.25 indicates moderate volatility. The stocks last price of $2.50 suggests it is currently trading near its short-term moving averages, with a relatively low average daily volume of 25,132 shares over the past 20 days.

Based on the provided technical and fundamental data, here is a 3-month forecast:

Over the next three months, KOREs stock price is expected to remain range-bound between $2.25 and $2.75, with potential resistance at the 200-day SMA of $2.31 and support at the 50-day SMA of $2.33. The low ATR of 0.25 suggests limited volatility, and the stock may experience sideways trading with minimal upside or downside movement.

From a fundamental perspective, KOREs market cap of $42.52 million and price-to-sales (P/S) ratio of 0.15 indicate undervaluation relative to its revenue generation capabilities. The price-to-book (P/B) ratio of 1.19 suggests the market is pricing the companys assets near their book value. The return on equity (RoE) of 174.77% highlights strong profitability relative to shareholder equity, though the lack of forward P/E suggests uncertainty in earnings growth.