Ichor Holdings Ltd (NASDAQ:ICHR) shares, rose in value on Friday, March 07, with the stock price up by 4.80% to the previous day’s close as strong demand from buyers drove the stock to $29.25.
Actively observing the price movement in the last trading, the stock closed the session at $27.91. Referring to stock’s 52-week performance, its high was $45.21, and the low was $25.95. On the whole, ICHR has fluctuated by -9.37% over the past month.
With the market capitalization of Ichor Holdings Ltd currently standing at about $994.59 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 995M, with a low estimate of 244.7M and a high estimate of 245M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 244.95M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ICHR’s technical picture suggests that short-term indicators denote the stock is a Hold 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 100% Sell.
The stock’s technical analysis shows that the price of ICHR currently trading nearly -6.66% and -5.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.36, while the 7-day volatility ratio is showing 6.50% which for the 30-day chart, stands at 5.54%. Furthermore, Ichor Holdings Ltd (ICHR)’s beta value is 1.82, and its average true range (ATR) is 1.75.
A comparison of Ichor Holdings Ltd (ICHR) with its peers suggests the former has fared considerably weaker in the market. ICHR showed an intraday change of 4.80% in last session, and over the past year, it shrunk by -31.88%%.
Data on historical trading for Ichor Holdings Ltd (NASDAQ:ICHR) indicates that the trading volumes over the past 3 months, they’ve averaged 304.15K. According to company’s latest data on outstanding shares, there are 33.86 million shares outstanding.
Nearly 2.65% of Ichor Holdings Ltd’s shares belong to company insiders and institutional investors own 94.40% of the company’s shares. The stock has fallen by -9.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ICHR stock heading into the next quarter.
