Kore Group Holdings Inc. (KORE, Financial) has been notified by the New York Stock Exchange (NYSE) regarding a compliance issue. The company has not adhered to Section 802.01E of the NYSE Listed Company Manual due to its inability to submit the Annual Report on Form 10-K for the fiscal year ending December 31, 2024, within the required timeframe.
Filing the annual report promptly is a critical requirement for maintaining a listing on the exchange, and failing to do so may lead to potential consequences. Kore Group's management will need to address this issue to avoid further regulatory complications.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Kore Group Holdings Inc (KORE, Financial) is $7.25 with a high estimate of $12.00 and a low estimate of $2.50. The average target implies an upside of 173.58% from the current price of $2.65. More detailed estimate data can be found on the Kore Group Holdings Inc (KORE) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Kore Group Holdings Inc's (KORE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Kore Group Holdings Inc (KORE, Financial) in one year is $5.26, suggesting a upside of 98.49% from the current price of $2.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Kore Group Holdings Inc (KORE) Summary page.
