IceCure Medical Ltd (ICCM) is 14.99% away from 50-day simple Moving Average despite all headwinds

January 24, 2023, IceCure Medical Ltd (NASDAQ: ICCM) trading session started at the price of $1.29, that was 8.53% jump from the session before. During the day, the shares moved up to $1.4192 and dropped to $1.27 before settling in for the closing price of $1.29. A 52-week range for ICCM has been $0.75 – $4.73.

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When this article was written, the company’s average yearly earnings per share was at -28.60%. With a float of $15.57 million, this company’s outstanding shares have now reached $45.62 million.

In an organization with 55 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +53.04, operating margin of -234.99, and the pretax margin is -239.13.

IceCure Medical Ltd (ICCM) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward IceCure Medical Ltd stocks. The insider ownership of IceCure Medical Ltd is 57.59%, while institutional ownership is 7.28%.

IceCure Medical Ltd (ICCM) Latest Financial update

This company achieved a net margin of -239.13 while generating a return on equity of -64.80.

According to the Wall Street analysts, stocks earnings will be around -28.60% per share during the next fiscal year.

IceCure Medical Ltd (NASDAQ: ICCM) Trading Performance Indicators

You can see what IceCure Medical Ltd (ICCM) is doing with its current performance indicators. In the most recent quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 18.09.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.36 in one year’s time.

Technical Analysis of IceCure Medical Ltd (ICCM)

Let’s dig in a bit further. During the last 5-days, its volume was 0.71 million. That was better than the volume of 0.65 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 62.65%. Additionally, its Average True Range was 0.18.

During the past 100 days, IceCure Medical Ltd’s (ICCM) raw stochastic average was set at 16.33%, which indicates a significant decrease from 74.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.07% in the past 14 days, which was lower than the 217.22% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.2215, while its 200-day Moving Average is $1.5878. However, in the short run, IceCure Medical Ltd’s stock first resistance to watch stands at $1.4561. Second resistance stands at $1.5123. The third major resistance level sits at $1.6053. If the price goes on to break the first support level at $1.3069, it is likely to go to the next support level at $1.2139. The third support level lies at $1.1577 if the price breaches the second support level.

IceCure Medical Ltd (NASDAQ: ICCM) Key Stats

There are 45,623K outstanding shares of the company, which has a market capitalization of 63.87 million. As of now, sales total 4,140 K while income totals -9,900 K. Its latest quarter income was 630 K while its last quarter net income were -4,060 K.


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