Intellicheck Inc (NASDAQ:IDN) price on Wednesday, May 21, rose 7.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.24.
A look at the stock’s price movement, the close in the last trading session was $3.96. Turning to its 52-week performance, $4.46 and $1.92 were the 52-week high and 52-week low respectively. Overall, IDN moved 76.67% over the past month.
Intellicheck Inc’s market cap currently stands at around $84.14 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 5.01M for the company’s revenue for the quarter, with a low and high estimate of 4.93M and 5.12M respectively. The average forecast suggests up to a 7.18% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 21.65M, representing a 8.26% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IDN is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
IDN’s current price about 44.27% and 57.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 82.98, while 7-day volatility ratio is 13.24% and 9.09% in the 30-day chart. Further, Intellicheck Inc (IDN) has a beta value of 1.06, and an average true range (ATR) of 0.33. Analysts have given the company’s stock an average 52-week price target of $2.5, forecast between a low of $2.5 and high of $2.5. Looking at the price targets, the low is 41.04% off current price level while to achieve the yearly target high, price needs to move 41.04%. Nonetheless, investors will most likely welcome a 41.04% jump to $2.5 which is the analysts’ median price.
If we refocus on Intellicheck Inc (NASDAQ:IDN), historical trading data shows that trading volumes averaged 115.89K over the past 3 months. The company’s latest data on shares outstanding shows there are 19.82 million shares.
The 6.86% of Intellicheck Inc’s shares are in the hands of company insiders while institutional holders own 48.46% of the company’s shares. Current price change has pushed the stock 51.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IDN stock continues to rise going into the next quarter.
