Icecure Medical Ltd (NASDAQ: ICCM): Retirees Don’t Worry About Volatility

Icecure Medical Ltd (NASDAQ:ICCM) currently has a daily average trading volume of 312.54K but it saw 6114831 shares traded in last market. With a market cap of 28.28M USD, the company’s current market price of $0.59 came falling about -3.91 while comparing to the previous closing price of $0.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.57 and as low as $0.52. In the recent trading on the day, stock has struck highest price mark of $0.5847 while lowest mark touched by it was $0.6414.

Taking a look at 20-day trading activity of Icecure Medical Ltd (ICCM) gives us an average price of $0.6881, while its current price level is -62.42% below from 52-week high level whereas it is 13.46% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.7327 while that of 200 days or SMA-200 reads an average of $1.0404. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.68% during that period while stretching the period over a month that increases to 8.28%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 30.27 which implies that the stock is in neutral territory.

Over the week, ICCM’s stock price is moving -2.33% down while it is -22.27% when we observe its performance for the past one month. Year-to-date it is -44.86% down and over the past year, the stock is showing a downside performance of -38.54%.

Currently, Icecure Medical Ltd’s total number of outstanding shares is 45.73M. Company’s return on investment (ROI) stands at -121.30% and return on equity (ROE) at -86.15%. Stock has a price to book (P/B) ratio of 2.43 while price to sale or P/S ratio amounts to 8.68. Its return on asset (ROA) is -67.52% on average.