Here is how ICL Group Ltd. (ICL) stock might take investors finances to the next level

At the time of writing, ICL Group Ltd. [ICL] stock is trading at $4.17, up 1.46%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ICL shares have gain 1.71% over the last week, with a monthly amount drifted -2.11%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

ICL Group Ltd. [NYSE: ICL] stock has seen the most recent analyst activity on January 12, 2024, when Barclays downgraded its rating to a Underweight and also revised its price target to $4 from $6.50. Previously, Barclays upgraded its rating to Overweight on November 14, 2023, and dropped its price target to $6.50. On May 18, 2023, downgrade downgraded it’s rating to Neutral. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $12 on June 01, 2022. Stephens downgraded its rating to a Equal-Weight but $5.50 remained the price target by the analyst firm on November 23, 2020. In a note dated March 21, 2018, Citigroup upgraded an Buy rating on this stock.

For the past year, the stock price of ICL Group Ltd. fluctuated between $3.79 and $5.54. Currently, Wall Street analysts expect the stock to reach $7.07 within the next 12 months. ICL Group Ltd. [NYSE: ICL] shares were valued at $4.17 at the most recent close of the market. An investor can expect a potential return of 69.54% based on the average ICL price forecast.

Analyzing the ICL fundamentals

According to ICL Group Ltd. [NYSE:ICL], the company’s sales were 7.04B for trailing twelve months, which represents an -4.47% plunge. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.12 points at the first support level, and at 4.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.23, and for the 2nd resistance point, it is at 4.28.

Ratios To Look Out For

It is important to note that ICL Group Ltd. [NYSE:ICL] has a current ratio of 1.62. Further, the Quick Ratio stands at 0.94, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 0.94 and price to earnings (TTM) ratio is 12.58.

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