In the latest session, Icad Inc (NASDAQ: ICAD) closed at $1.80 up 4.05% from its previous closing price of $1.73. In other words, the price has increased by $+0.0700 from its previous closing price. On the day, 523919 shares were traded. ICAD stock price reached its highest trading level at $1.8500 during the session, while it also had its lowest trading level at $1.6700.
Ratios:
For a deeper understanding of Icad Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.29 and its Current Ratio is at 4.42. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On April 22, 2021, Guggenheim started tracking the stock assigning a Buy rating and target price of $24.
On March 23, 2021, BTIG Research started tracking the stock assigning a Buy rating and target price of $25.BTIG Research initiated its Buy rating on March 23, 2021, with a $25 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 31 ’23 when Brown Dana R bought 40,000 shares for $1.30 per share. The transaction valued at 52,000 led to the insider holds 40,000 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ICAD now has a Market Capitalization of 47.44M and an Enterprise Value of 28.91M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 1.14 whereas that against EBITDA is -2.37.
Stock Price History:
Over the past 52 weeks, ICAD has reached a high of $3.97, while it has fallen to a 52-week low of $1.05. The 50-Day Moving Average of the stock is 1.5882, while the 200-Day Moving Average is calculated to be 1.8033.
Shares Statistics:
For the past three months, ICAD has traded an average of 208.47K shares per day and 404.67k over the past ten days. A total of 26.35M shares are outstanding, with a floating share count of 24.80M. Insiders hold about 5.88% of the company’s shares, while institutions hold 25.92% stake in the company. Shares short for ICAD as of Feb 29, 2024 were 504.64k with a Short Ratio of 2.42, compared to 406.34k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.92% and a Short% of Float of 2.30%.
Earnings Estimates
There are 1 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.08, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.25 and -$0.29 for the fiscal current year, implying an average EPS of -$0.27. EPS for the following year is -$0.14, with 2 analysts recommending between -$0.13 and -$0.15.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $4.4M this quarter.It ranges from a high estimate of $4.4M to a low estimate of $4.4M. As of the current estimate, Icad Inc’s year-ago sales were $5.78M, an estimated decrease of -23.80% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $4.3M, a decrease of -29.60% less than the figure of -$23.80% in the same quarter last year. There is a high estimate of $4.3M for the next quarter, whereas the lowest estimate is $4.3M.
A total of 2 analysts have provided revenue estimates for ICAD’s current fiscal year. The highest revenue estimate was $24.05M, while the lowest revenue estimate was $18M, resulting in an average revenue estimate of $21.02M. In the same quarter a year ago, actual revenue was $17.32M, up 21.40% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $24.1M in the next fiscal year. The high estimate is $28.11M and the low estimate is $20.1M. The average revenue growth estimate for next year is up 14.70% from the average revenue estimate for this year.
