Icecure Medical Ltd (ICCM) Looks Set To Grow At A Great Clip In 2024

Icecure Medical Ltd (NASDAQ:ICCM) has seen 4.12 million shares traded in the recent trading session. The company, currently valued at $29.96M, closed the last trade at $0.62 per share which meant it gained $0.01 on the day or 1.78% during that session. The ICCM stock price is -153.23% off its 52-week high price of $1.57 and 16.13% above the 52-week low of $0.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.32 million shares traded. The 3-month trading volume is 312.54K shares.

The consensus among analysts is that Icecure Medical Ltd (ICCM) 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.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Icecure Medical Ltd (NASDAQ:ICCM) trade information

Sporting 1.78% 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 ICCM stock price touched $0.62 or saw a rise of 6.05%. Year-to-date, Icecure Medical Ltd shares have moved -41.60%, while the 5-day performance has seen it change 3.45%. Over the past 30 days, the shares of Icecure Medical Ltd (NASDAQ:ICCM) have changed -17.67%. Short interest in the company has seen 0.2 million shares shorted with days to cover at 0.46.

Wall Street analysts have a consensus price target for the stock at $5.75, which means that the shares’ value could jump 89.22% from the levels at last check today. The projected low price target is $5.75 while the price target rests at a high of $5.75. In that case, then, we find that the latest price level in today’s session is -827.42% off the targeted high while a plunge would see the stock gain -827.42% from the levels at last check today.

Icecure Medical Ltd (ICCM) estimates and forecasts

Figures show that Icecure Medical Ltd shares have outperformed across the wider relevant industry. The company’s shares have lost -55.99% over the past 6 months, with this year growth rate of 12.50%, compared to 11.80% for the industry. Revenue growth from the last financial year stood is estimated to be 14.60%.

2 analysts offering their estimates for the company have set an average revenue estimate of 930k for the current quarter. 2 have an estimated revenue figure of 790k 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 -0.26% over the past 5 years.

ICCM Dividends

Icecure Medical Ltd is expected to release its next earnings report 2024-May-28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Icecure Medical Ltd (NASDAQ:ICCM)’s Major holders

The top two institutional holders are GEODE CAPITAL MANAGEMENT, LLC with over 25560.0 shares worth more than $30672.0. As of 2024-03-31, GEODE CAPITAL MANAGEMENT, LLC held 0.056% of shares outstanding.

The other major institutional holder is HRT FINANCIAL LP, with the holding of over 18726.0 shares as of 2024-03-31. The firm’s total holdings are worth over $22000.0 and represent 0.041% of shares outstanding.