In the last trading session, 2.32 million Icecure Medical Ltd (NASDAQ:ICCM) shares changed hands as the company’s beta touched 0. With the company’s per share price at $0.61 changed hands at -$0.04 or -6.77% during last session, the market valuation stood at $26.61M. ICCM’s last price was a discount, traded about -157.38% off its 52-week high of $1.57. The share price had its 52-week low at $0.48, which suggests the last value was 21.31% up since then. When we look at Icecure Medical Ltd’s average trading volume, we note the 10-day average is 1.43 million shares, with the 3-month average coming to 723.64K.
Analysts gave the Icecure Medical Ltd (ICCM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ICCM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Icecure Medical Ltd’s EPS for the current quarter is expected to be -0.07.
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Icecure Medical Ltd (NASDAQ:ICCM) trade information
Instantly ICCM was in red as seen at the end of in last trading. With action -28.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -43.09%, with the 5-day performance at -28.36% in the red. However, in the 30-day time frame, Icecure Medical Ltd (NASDAQ:ICCM) is 7.94% up. Looking at the short shares, we see there were 0.29 million shares sold at short interest cover period of 0.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.75, meaning bulls need an upside of 89.39% from its current market value. According to analyst projections, ICCM’s forecast low is 5.75 with 5.75 as the target high. To hit the forecast high, the stock’s price needs a -842.62% plunge from its current level, while the stock would need to soar -842.62% for it to hit the projected low.
Icecure Medical Ltd (ICCM) estimates and forecasts
Data shows that the Icecure Medical Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -47.51% over the past 6 months, a 15.63% in annual growth rate that is considerably higher than the industry average of 7.80%. Year-over-year growth is forecast to reach 16.10% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 710k. 2 analysts are of the opinion that Icecure Medical Ltd’s revenue for the current quarter will be 1.29M. The company’s revenue for the corresponding quarters a year ago was 320k and 1.25M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 121.90%. The estimates for the next quarter sales put growth at 2.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.26%. The 2024 estimates are for Icecure Medical Ltd earnings to increase by 13.54%.
ICCM Dividends
Icecure Medical Ltd is expected to release its next quarterly earnings report in December.
Icecure Medical Ltd (NASDAQ:ICCM)’s Major holders
RENAISSANCE TECHNOLOGIES LLC holds the second largest percentage of outstanding shares, with 0.1421% or 66400.0 shares worth $49136.0 as of 2024-06-30.
