Analyst: This Small-Cap Stock Could Triple

Analysts are overwhelmingly bullish on ECOR stock

May 9, 2019 at 11:10 AM
facebook twitter 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.


If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!



Special Offers from Schaeffer's Trading Partners