Is electroCore, Inc. (ECOR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.6% / 30% | 21.9% / 30% | 2.5% / 30% | 2.27% / 5% | ✓ HALAL |
| DJIM | 7.6% / 33% | 21.9% / 33% | 2.5% / 33% | 2.27% / 5% | ✓ HALAL |
| MSCI | 20.2% / 33% | 58.5% / 33% | 6.7% / 33% | 2.27% / 5% | ✗ NOT HALAL |
| S&P | 7.6% / 33% | 21.9% / 33% | 2.5% / 33% | 2.27% / 5% | ✓ HALAL |
| FTSE | 20.2% / 33% | 58.5% / 33% | 6.7% / 50% | 2.27% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 86.8% | |
| Operating Margin | -31.8% | |
| Net Margin | -43.6% | |
| Return on Equity (ROE) | -478.7% | |
| Return on Assets (ROA) | -42.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$7M |
| Free Cash Flow | -$7M |
| Total Debt | $4M |
| Current Ratio | 1.4 |
| Total Assets | $20M |
Price & Trading
| Last Close | $6.02 |
| 50-Day MA | $6.60 |
| 200-Day MA | $5.71 |
| Avg Volume | 69K |
| Beta | 0.5 |
|
52-Week Range
$4.16
| |
About electroCore, Inc. (ECOR)
electroCore, Inc., a bioelectronic technology medicine and general wellness company, provides non-invasive vagus nerve stimulation (nVNS) technology platform in the United States, the United Kingdom, and internationally. The company develops gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania. It also develops Truvaga 350, a personal use consumer electronics general wellness product and Truvaga Plus, an app-enabled general wellness product. It also offers non-invasive bioelectronic therapies for the treatment of chronic pain and wellness conditions. In addition, the company offers TAC-STIM for human performance and gammaCore Sapphire, a portable, reusable, rechargeable, and reloadable prescription medical device for various primary headache conditions. electroCore, Inc. was incorporated in 2005 and is headquartered in Rockaway, New Jersey.
Purification Calculator
As a halal stock with 2.27% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is electroCore, Inc. (ECOR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), electroCore, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is electroCore, Inc.'s debt ratio?
electroCore, Inc.'s debt ratio is 7.6% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 20.2%.
Does electroCore, Inc. require dividend purification?
Yes, electroCore, Inc. has an impermissible income ratio of 2.27%, which means 2.27% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are electroCore, Inc.'s key financial metrics?
electroCore, Inc. has a market capitalization of $47M, and revenue of $25M. The company maintains a gross margin of 86.8% and a net margin of -43.6%. Return on equity stands at -478.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.