Is Icad Inc (NASDAQ:ICAD) Expensive At $1.75? Here’s How To Know.

In last trading session, Icad Inc (NASDAQ:ICAD) saw 0.63 million shares changing hands with its beta currently measuring 1.44. Company’s recent per share price level of $1.75 trading at -$0.02 or -1.13% at ring of the bell on the day assigns it a market valuation of $46.45M. That closing price of ICAD’s stock is at a discount of -51.43% from its 52-week high price of $2.65 and is indicating a premium of 32.57% from its 52-week low price of $1.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.51 million shares which gives us an average trading volume of 208.99K if we extend that period to 3-months.

For Icad Inc (ICAD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.06 in the current quarter.

Icad Inc (NASDAQ:ICAD) trade information

Upright in the red during last session for losing -1.13%, in the last five days ICAD remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $1.75 price level, adding 7.41% to its value on the day. Icad Inc’s shares saw a change of -1.13% in year-to-date performance and have moved 13.64% in past 5-day. Icad Inc (NASDAQ:ICAD) showed a performance of -5.41% in past 30-days. Number of shares sold short was 0.25 million shares which calculate 1.51 days to cover the short interests.

Icad Inc (ICAD) estimates and forecasts

This year revenue growth is estimated to rise 7.98% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.5M for the same. And 2 analysts are in estimates of company making revenue of 4.69M in the next quarter. Company posted 4.74M and 4.95M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 11.68% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 15.74% while estimates for its earnings growth in next 5 years are of 15.00%.

Icad Inc (NASDAQ:ICAD)’s Major holders

Insiders are in possession of 5.63% of company’s total shares while institution are holding 27.16 percent of that, with stock having share float percentage of 28.78%. Investors also watch the number of corporate investors in a company very closely, which is 27.16% institutions for Icad Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ICAD for having 1.13 million shares of worth $1.47 million. And as of 2024-06-30, it was holding 4.2979 of the company’s outstanding shares.

The second largest institutional holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC, which was holding about 0.7 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.6619 of outstanding shares, having a total worth of $0.91 million.

On the other hand, Vanguard Total Stock Market Index Fund and First Eagle Small Opportunity Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 771.98 shares of worth $1.34 million or 2.91% of the total outstanding shares. The later fund manager was in possession of 637.49 shares on Jul 31, 2024 , making its stake of worth around $1.1 million in the company or a holder of 2.40% of company’s stock.