Should Investors Trust The Upside Potential In Icecure Medical Ltd (ICCM)?

Icecure Medical Ltd (NASDAQ:ICCM) currently has a daily average trading volume of 527.69K but it saw 1124110 shares traded in last market. With a market cap of 32.03M USD, the company’s current market price of $0.65 came rising about 1.08 while comparing to the previous closing price of $0.64. 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 $0.635 while lowest mark touched by it was $0.69.

Taking a look at 20-day trading activity of Icecure Medical Ltd (ICCM) gives us an average price of $0.6525, while its current price level is -58.80% below from 52-week high level whereas it is 24.40% 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 $0.6774 while that of 200 days or SMA-200 reads an average of $1.0209. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.38% during that period while stretching the period over a month that increases to 7.60%. 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 49.06 which implies that the stock is in neutral territory.

Over the week, ICCM’s stock price is moving 4.83% up while it is 1.32% when we observe its performance for the past one month. Year-to-date it is -39.54% down and over the past year, the stock is showing a downside performance of -35.26%.

Currently, Icecure Medical Ltd’s total number of outstanding shares is 45.73M. Company’s return on investment (ROI) stands at -125.79% and return on equity (ROE) at -94.22%. Stock has a price to book (P/B) ratio of 3.02 while price to sale or P/S ratio amounts to 9.59. Its return on asset (ROA) is -71.93% on average.