At the time of writing, Intchains Group Ltd ADR [ICG] stock is trading at $4.22, down -2.99%. An important factor to consider is whether the stock is rising or falling in short-term value. The ICG shares have gain 27.88% over the last week, with a monthly amount drifted -19.92%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Intchains Group Ltd ADR [NASDAQ: ICG] stock has seen the most recent analyst activity on June 21, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $10.
For the past year, the stock price of Intchains Group Ltd ADR fluctuated between $2.80 and $14.22. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Intchains Group Ltd ADR [NASDAQ: ICG] shares were valued at $4.22 at the most recent close of the market. An investor can expect a potential return of 136.97% based on the average ICG price forecast.
Analyzing the ICG fundamentals
According to Intchains Group Ltd ADR [NASDAQ:ICG], the company’s sales were 33.68M for trailing twelve months, which represents an 791.12% jump. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.05 and Total Capital is 0.05.
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 4.04 points at the first support level, and at 3.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.42, and for the 2nd resistance point, it is at 4.61.
Ratios To Look Out For
It is important to note that Intchains Group Ltd ADR [NASDAQ:ICG] has a current ratio of 10.33. On the other hand, the Quick Ratio is 9.09, and the Cash Ratio is 7.28. Considering the valuation of this stock, the price to sales ratio is 3.42, the price to book ratio is 1.79 and price to earnings (TTM) ratio is 39.26.
