Icad Inc. (ICAD) Is Up 8.82%, As Bears Mark A Gain

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Icad Inc (NASDAQ:ICAD) has a beta value of 1.48 and has seen 0.42 million shares traded in the recent trading session. The company, currently valued at $39.28M, closed the last trade at $1.48 per share which meant it gained $0.12 on the day or 8.82% during that session. The ICAD stock price is -79.73% off its 52-week high price of $2.66 and 20.27% above the 52-week low of $1.18. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.13 million shares traded. The 3-month trading volume is 143.71K shares.

The consensus among analysts is that Icad Inc (ICAD) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.07.

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Icad Inc (NASDAQ:ICAD) trade information

Sporting 8.82% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ICAD stock price touched $1.48 or saw a rise of 7.5%. Year-to-date, Icad Inc shares have moved -16.38%, while the 5-day performance has seen it change 23.33%. Over the past 30 days, the shares of Icad Inc (NASDAQ:ICAD) have changed 8.03%. Short interest in the company has seen 0.19 million shares shorted with days to cover at 1.18.

Icad Inc (ICAD) estimates and forecasts

The company’s shares have gained 6.47% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 10.50%.

3 analysts offering their estimates for the company have set an average revenue estimate of 4.67M for the current quarter. 3 have an estimated revenue figure of 4.85M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.68% over the past 5 years. Earnings growth for 2024 is a modest 2.47% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.

ICAD Dividends

Icad Inc is expected to release its next earnings report 2024-Nov-11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Icad Inc (NASDAQ:ICAD)’s Major holders

Insiders own 5.63% of the company shares, while shares held by institutions stand at 27.04% with a share float percentage of 28.66%. Investors are also buoyed by the number of investors in a company, with Icad Inc having a total of 58.0 institutions that hold shares in the company. The top two institutional holders are PORTOLAN CAPITAL MANAGEMENT, LLC with over 1.21 million shares worth more than $1.95 million. As of 2024-03-31, PORTOLAN CAPITAL MANAGEMENT, LLC held 4.7174% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.09 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.75 million and represent 4.2453% of shares outstanding.