EARN25

Analyst: This Small-Cap Stock Could Triple

Analysts are overwhelmingly bullish on ECOR stock

May 9, 2019 at 11:10 AM
facebook X logo linkedin


Noble Capital initiated coverage on electroCore, Inc. (NASDAQ:ECOR) with an "outperform" rating and $19 price target -- a 232% premium to last night's close at $5.71. The brokerage firm said the nerve stimulation specialist's gammaCore technology "is a compelling option for patients suffering from headache to provide pain relief," and could result in "higher market share ... in the billion-dollar pain market."

The bull note has failed to boost ECOR today, though, with the stock last seen down 4.9% at $5.61. This negative price action is just more of the same for an equity that's pacing for its sixth straight loss -- its longest losing streak since late October -- and has shed 68.8% since opening at $18 in its public trading debut back on June 22.

ecor stock daily price chart on may 9

Analysts overwhelmingly echo Noble Capital's upbeat assessment of ECOR stock, though, with 100% of those in coverage maintaining a "buy" or better rating. Plus, the average 12-month price target sits all the way up at $22.25.

Short sellers, on the other hand, have been actively betting against electroCore stock. Short interest has doubled year-to-date to 1.53 million shares. This represents more than one-fifth of ECOR's available float, or 9.3 times the average daily pace of trading.

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!