Icecure Medical Ltd (NASDAQ:ICCM) shares, rose in value, with the stock price up by 8.33% to the previous day’s close as strong demand from buyers drove the stock to $0.85.
Actively observing the price movement in the last trading, the stock closed the session at $0.78, falling within a range of $0.791 and $0.8999. The value of beta (5-year monthly) was 2.656. Referring to stock’s 52-week performance, its high was $1.57, and the low was $0.48. On the whole, ICCM has fluctuated by 38.57% over the past month.
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With the market capitalization of Icecure Medical Ltd currently standing at about $41.84 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-20.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.75M, with a low estimate of 700k and a high estimate of 720k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 710k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ICCM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of ICCM currently trading nearly 40.31% and 35.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 79.16, while the 7-day volatility ratio is showing 14.24% which for the 30-day chart, stands at 9.06%. Furthermore, Icecure Medical Ltd (ICCM)’s average true range (ATR) is 0.06.
A comparison of Icecure Medical Ltd (ICCM) with its peers suggests the former has fared considerably weaker in the market. ICCM showed an intraday change of 8.33% in last session, and over the past year, it grew by 9.73%%.
Data on historical trading for Icecure Medical Ltd (NASDAQ:ICCM) indicates that the trading volumes over the past 10 days have averaged 0.86 and over the past 3 months, they’ve averaged 604.20K. According to company’s latest data on outstanding shares, there are 45.73 million shares outstanding.
Nearly 51.28% of Icecure Medical Ltd’s shares belong to company insiders and institutional investors own 0.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.29 million shares as on 2024-10-15, resulting in a short ratio of 0.74. According to the data, the short interest in Icecure Medical Ltd (ICCM) stood at 100.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 0.39 million. The stock has fallen by -21.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ICCM stock heading into the next quarter.
