Should Investors Trust The Upside Potential In Icad Inc (ICAD)?

Icad Inc (NASDAQ:ICAD) currently has a daily average trading volume of 813.12K but it saw 747615 shares traded in last market. With a market cap of 101.01M USD, the company’s current market price of $3.68 came rising about 2.22 while comparing to the previous closing price of $3.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.78 and as low as $1.18.

Taking a look at 20-day trading activity of Icad Inc (ICAD) gives us an average price of $3.04, while its current price level is -2.65% below from 52-week high level whereas it is 211.86% 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 $2.51 while that of 200 days or SMA-200 reads an average of $2.06. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.50% during that period while stretching the period over a month that increases to 5.76%. 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 77.57 which implies that the stock is in overbought territory.

Over the week, ICAD’s stock price is moving 7.60% up while it is 121.69% when we observe its performance for the past one month. Year-to-date it is 101.09% up and over the past year, the stock is showing an upside performance of 157.34%.

Currently, Icad Inc’s total number of outstanding shares is 26.35M with 5.51% of that held by the insiders while 20.66% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -19.49% and return on equity (ROE) at -18.09%. Stock’s beta reads 1.37. Stock has a price to book (P/B) ratio of 3.38 while price to sale or P/S ratio amounts to 5.15. Its return on asset (ROA) is -14.23% on average.

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