Long-Time Horizon Analysis of Icad Inc (ICAD) Stock

Icad Inc [ICAD] stock prices are up 13.74% to $2.40 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ICAD shares have gain 34.08% over the last week, with a monthly amount glided 56.86%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Icad Inc [NASDAQ: ICAD] stock has seen the most recent analyst activity on January 18, 2022, when Guggenheim downgraded its rating to a Neutral. Previously, Guggenheim started tracking the stock with Buy rating on April 22, 2021, and set its price target to $24. On March 23, 2021, BTIG Research initiated with a Buy rating and assigned a price target of $25 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $27 on February 26, 2021. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $19 as its price target on January 29, 2021. B. Riley Securities started tracking with a Buy rating for this stock on December 03, 2020, and assigned it a price target of $15. In a note dated February 05, 2020, JMP Securities initiated an Mkt Outperform rating and provided a target price of $15 on this stock.

The stock price of Icad Inc [ICAD] has been fluctuating between $1.18 and $2.65 over the past year. Icad Inc [NASDAQ: ICAD] shares were valued at $2.40 at the most recent close of the market.

Analyzing the ICAD fundamentals

The Icad Inc [NASDAQ:ICAD] reported sales of 18.80M for trailing twelve months, representing a drop of -14.25%. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -0.28%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.09 and Total Capital is -0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.

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 2.19 points at the first support level, and at 1.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.51, and for the 2nd resistance point, it is at 2.63.

Ratios To Look Out For

It’s worth pointing out that Icad Inc [NASDAQ:ICAD]’s Current Ratio is 4.24. On the other hand, the Quick Ratio is 4.13, and the Cash Ratio is 3.1. Considering the valuation of this stock, the price to sales ratio is 3.39, the price to book ratio is 2.04.

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