Are Investors Interested In Selling Their Holdings Of Intchains Group Ltd ADR (NASDAQ: ICG)?

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Intchains Group Ltd ADR (NASDAQ:ICG) traded at $7.32 at close of the session on current trade day and made an upward move of 28.64% on its previous day’s price.

Looking at the stock we see that its previous close was $5.69 with the day’s price range being $5.75 – $8.2973. The company has a trailing 12-month PE ratio of 130.25. In terms of its 52-week price range, ICG has a high of $14.22 and a low of $5.39. The company’s stock has lost about -0.27% over that past 30 days.

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Intchains Group Ltd ADR has a market cap of $199.69 million and is expected to release its quarterly earnings report in October.

On the other hand, looking at the outlook for the ICG stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Intchains Group Ltd ADR (ICG) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 27.14% off its SMA20 and 5.15% from its 50-day simple moving average. The RSI (14) is pointing at 66.02 while the volatility over the past week is 12.38% and jumps to 10.36% over the past one month. The beta value is 0.85, while the average true range (ATR) is currently pointing at 0.58. The average price target for the stock over the next 12 months is $10, with the estimates having a low of $10 and a high of $10. These price ends are -36.61% and -36.61% off the current price level respectively, although investors could be excited at the prospect of a -36.61% if the ICG share price touches on the median price of $10.

Coming back to Intchains Group Ltd ADR (NASDAQ:ICG), we note that the average 3-month trading volume was 29.59K, while that of the preceding 10-day period stands at 35710.0. Current shares outstanding are 27.28 million.

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