Are Analysts Too Bullish On Icecure Medical Ltd (ICCM)

Icecure Medical Ltd (NASDAQ:ICCM) currently has a daily average trading volume of 604.20K but it saw 1470108 shares traded in last market. With a market cap of 41.84M USD, the company’s current market price of $0.85 came rising about 8.33 while comparing to the previous closing price of $0.78. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.57 and as low as $0.48. In the recent trading on the day, stock has struck highest price mark of $0.791 while lowest mark touched by it was $0.8999.

Taking a look at 20-day trading activity of Icecure Medical Ltd (ICCM) gives us an average price of $0.6022, while its current price level is -46.18% below from 52-week high level whereas it is 76.04% 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 $0.6259 while that of 200 days or SMA-200 reads an average of $0.9494. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.24% during that period while stretching the period over a month that decreases to 9.06%. 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 79.16 which implies that the stock is in overbought territory.

Over the week, ICCM’s stock price is moving 53.64% up while it is 38.57% when we observe its performance for the past one month. Year-to-date it is -21.03% down and over the past year, the stock is showing an upside performance of 9.73%.

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 3.94 while price to sale or P/S ratio amounts to 12.53. Its return on asset (ROA) is -71.93% on average.