Icad Inc (NASDAQ: ICAD) is 10.17% higher on its value in year-to-date trading and has touched a low of $1.18 and a high of $2.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ICAD stock was last observed hovering at around $1.59 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $1.95, the stock is 24.44% and 26.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 22.64% at the moment leaves the stock 28.25% off its SMA200. ICAD registered 16.77% gain for a year compared to 6-month gain of 25.00%. The firm has a 50-day simple moving average (SMA 50) of $1.5236 and a 200-day simple moving average (SMA200) of $1.5198.
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The stock witnessed a 18.18% loss in the last 1 month and extending the period to 3 months gives it a 43.38%, and is 34.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.84% over the week and 6.87% over the month.
Icad Inc (ICAD) has around 69 employees, a market worth around $51.75M and $18.80M in sales. Profit margin for the company is -15.82%. Distance from 52-week low is 65.25% and -26.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.53%).
The EPS is expected to grow by 2.32% this year
61.0 institutions hold shares in Icad Inc (ICAD), with institutional investors hold 27.12% of the company’s shares. The shares outstanding are 26.35M, and float is at 25.05M with Short Float at 0.87%. Institutions hold 25.59% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.13 million shares valued at $1.47 million. The investor’s holdings represent 4.2979 of the ICAD Shares outstanding. As of 2024-06-30, the second largest holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with 0.7 million shares valued at $0.91 million to account for 2.6619 of the shares outstanding. The other top investors are PORTOLAN CAPITAL MANAGEMENT, LLC which holds 0.65 million shares representing 2.4792 and valued at over $0.85 million, while RENAISSANCE TECHNOLOGIES LLC holds 1.8448 of the shares totaling 0.49 million with a market value of $0.63 million.
