electroCore (NASDAQ:ECOR) Issues Q1 2021 Earnings Guidance

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electroCore (NASDAQ:ECOR) issued an update on its first quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of – for the period. The company issued revenue guidance of $1.10 M-, compared to the consensus revenue estimate of $1.04 million.

Shares of ECOR stock traded up $0.02 during trading hours on Tuesday, hitting $1.78. The company had a trading volume of 753,515 shares, compared to its average volume of 3,353,292. The company’s fifty day moving average is $1.97 and its 200 day moving average is $1.94. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.92 and a quick ratio of 4.78. electroCore has a fifty-two week low of $0.77 and a fifty-two week high of $3.63. The stock has a market capitalization of $86.40 million, a PE ratio of -2.22 and a beta of 1.62.

electroCore (NASDAQ:ECOR) last issued its quarterly earnings data on Wednesday, March 10th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.04). electroCore had a negative return on equity of 109.15% and a negative net margin of 792.01%. The company had revenue of $0.93 million during the quarter, compared to analyst estimates of $0.94 million. Equities analysts forecast that electroCore will post -0.58 earnings per share for the current year.

Separately, Maxim Group reiterated a buy rating and set a $3.00 target price on shares of electroCore in a report on Friday, March 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $3.25.

electroCore Company Profile

electroCore, Inc, a commercial stage medical device company, engages in the development and commercialization of a range of non-invasive vagus nerve stimulation (nVNS) therapies. The company is developing gammaCore, a prescription-only nVNS therapy for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

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