Icecure Medical Ltd (ICCM) Is A Buy According To Analysts

ZM Stock

Icecure Medical Ltd (NASDAQ:ICCM) has seen 0.15 million shares traded in the last trading session. The ICCM stock price is -145.31% off its 52-week high price of $1.57 and 18.75% 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 0.92 million shares traded. The 3-month trading volume is 531.33K 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.

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Icecure Medical Ltd (NASDAQ:ICCM) trade information

Sporting 0.34% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ICCM stock price touched $0.64 or saw a rise of 13.49%. Year-to-date, Icecure Medical Ltd shares have moved -40.03%, while the 5-day performance has seen it change -10.55%. Over the past 30 days, the shares of Icecure Medical Ltd (NASDAQ:ICCM) have changed -3.21%. Short interest in the company has seen 0.61 million shares shorted with days to cover at 0.82.

Wall Street analysts have a consensus price target for the stock at $5.75, which means that the shares’ value could jump 88.87% from current levels. 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 current price level is -798.44% off the targeted high while a plunge would see the stock gain -798.44% from current levels.

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 -49.47% over the past 6 months, with this year growth rate of 15.63%, compared to 7.50% for the industry.

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 in October 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 CITADEL ADVISORS LLC with over 0.17 million shares worth more than $0.13 million. As of 2024-06-30, CITADEL ADVISORS LLC held 0.3627% of shares outstanding.

The other major institutional holder is RENAISSANCE TECHNOLOGIES LLC, with the holding of over 66400.0 shares as of 2024-06-30. The firm’s total holdings are worth over $49136.0 and represent 0.1421% of shares outstanding.