Analysts predict Icecure Medical Ltd (ICCM) stock to reach $2.5 in the next 12 months

A share price of Icecure Medical Ltd [ICCM] is currently trading at $0.94, up 12.57%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ICCM shares have gain 13.39% over the last week, with a monthly amount glided 59.30%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Icecure Medical Ltd experienced fluctuations in its stock price throughout the past year between $0.48 and $1.57. Currently, Wall Street analysts expect the stock to reach $2.5 within the next 12 months. Icecure Medical Ltd [NASDAQ: ICCM] shares were valued at $0.94 at the most recent close of the market. An investor can expect a potential return of 165.96% based on the average ICCM price forecast.

Analyzing the ICCM fundamentals

Trailing Twelve Months sales for Icecure Medical Ltd [NASDAQ:ICCM] were 3.67M which represents 102.45% growth. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at -3.95%, Pretax Profit Margin comes in at -3.74%, and Net Profit Margin reading is -3.74%. To continue investigating profitability, this company’s Return on Assets is posted at -0.91, Equity is -1.26 and Total Capital is -1.43.

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 0.8475 points at the first support level, and at 0.7550 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0012, and for the 2nd resistance point, it is at 1.0624.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Icecure Medical Ltd [NASDAQ:ICCM] is 2.67. In addition, the Quick Ratio stands at 2.27 and the Cash Ratio stands at 2.14. Considering the valuation of this stock, the price to sales ratio is 14.03, the price to book ratio is 5.12.

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