Reviewing The Case For Icad Inc (ICAD) Going Higher

Currently, there are 26.35M common shares owned by the public and among those 25.05M shares have been available to trade.

The company’s stock has a 5-day price change of 1.53% and 38.33% over the past three months. ICAD shares are trading 81.42% year to date (YTD), with the 12-month market performance up to 138.85% higher. It has a 12-month low price of $1.18 and touched a high of $3.78 over the same period. ICAD has an average intraday trading volume of 462.13K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.28%, 40.79%, and 89.79% respectively.

Institutional ownership of Icad Inc (NASDAQ: ICAD) shares accounts for 21.81% of the company’s 26.35M shares outstanding.

It has a market capitalization of $88.11M and a beta (3y monthly) value of 1.92. The earnings-per-share (ttm) stands at -$0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.04% over the week and 12.88% over the month.

Earnings per share for the fiscal year are expected to increase by 18.19%, and 0.88% over the next financial year. EPS should grow at an annualized rate of 17.98% over the next five years, compared to 11.68% over the past 5-year period.

Guggenheim coverage for the Icad Inc (ICAD) stock in a research note released on April 22, 2021 offered a Buy rating with a price target of $24. BTIG Research was of a view on March 23, 2021 that the stock is Buy, while Oppenheimer gave the stock Outperform rating on February 26, 2021, issuing a price target of $27. Cantor Fitzgerald on their part issued Overweight rating on January 29, 2021.

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