Icad Inc Stock Chance of Future Stock Price Finishing Over 2.4

ICAD Stock  USD 1.57  0.03  1.88%   
Icad's implied volatility is one of the determining factors in the pricing options written on Icad Inc. Implied volatility approximates the future value of Icad based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Icad Inc over a specific time period. For example, 2024-04-19 PUT at $2.5 is a PUT option contract on Icad's common stock with a strick price of 2.5 expiring on 2024-04-19. The contract was last traded on 2024-03-05 at 11:26:28 for $0.42 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $0.8, and an ask price of $1.05. The implied volatility as of the 28th of March is 126.31. View All Icad options

Closest to current price Icad long PUT Option Payoff at Expiration

Icad's future price is the expected price of Icad instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Icad Inc performance during a given time horizon utilizing its historical volatility. Check out Icad Backtesting, Icad Valuation, Icad Correlation, Icad Hype Analysis, Icad Volatility, Icad History as well as Icad Performance.
  
At present, Icad's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price Sales Ratio is expected to grow to 5.08, whereas Price Book Value Ratio is forecasted to decline to 1.29. Please specify Icad's target price for which you would like Icad odds to be computed.

Icad Target Price Odds to finish over 2.4

The tendency of Icad Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over $ 2.40  or more in 90 days
 1.57 90 days 2.40 
near 1
Based on a normal probability distribution, the odds of Icad to move over $ 2.40  or more in 90 days from now is near 1 (This Icad Inc probability density function shows the probability of Icad Stock to fall within a particular range of prices over 90 days) . Probability of Icad Inc price to stay between its current price of $ 1.57  and $ 2.40  at the end of the 90-day period is about 56.27 .
Given the investment horizon of 90 days Icad Inc has a beta of -1.21. This usually indicates as returns on its benchmark rise, returns on holding Icad Inc are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Icad is expected to outperform its benchmark. Additionally Icad Inc has an alpha of 0.2019, implying that it can generate a 0.2 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Icad Price Density   
       Price  

Predictive Modules for Icad

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Icad Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icad's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.081.616.73
Details
Intrinsic
Valuation
LowRealHigh
0.122.387.50
Details
Naive
Forecast
LowNextHigh
0.031.516.62
Details
3 Analysts
Consensus
LowTargetHigh
4.444.885.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Icad. Your research has to be compared to or analyzed against Icad's peers to derive any actionable benefits. When done correctly, Icad's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Icad Inc.

Icad Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Icad is not an exception. The market had few large corrections towards the Icad's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Icad Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Icad within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.20
β
Beta against NYSE Composite-1.21
σ
Overall volatility
0.19
Ir
Information ratio -0.01

Icad Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Icad for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Icad Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Icad Inc generated a negative expected return over the last 90 days
Icad Inc has high historical volatility and very poor performance
Icad Inc may become a speculative penny stock
The company reported the previous year's revenue of 17.32 M. Net Loss for the year was (7.01 M) with profit before overhead, payroll, taxes, and interest of 20.11 M.
Icad Inc currently holds about 27.18 M in cash with (4.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.07.
Icad Inc has a poor financial position based on the latest SEC disclosures
Latest headline from news.google.com: Investors in iCAD from three years ago are still down 63, even after 80 percent gain this past week - Yahoo Movies Canada

Icad Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Icad Stock often depends not only on the future outlook of the current and potential Icad's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Icad's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding25.6 M
Cash And Short Term Investments21.7 M

Icad Technical Analysis

Icad's future price can be derived by breaking down and analyzing its technical indicators over time. Icad Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Icad Inc. In general, you should focus on analyzing Icad Stock price patterns and their correlations with different microeconomic environments and drivers.

Icad Predictive Forecast Models

Icad's time-series forecasting models is one of many Icad's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Icad's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Icad Inc

Checking the ongoing alerts about Icad for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Icad Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Icad Inc generated a negative expected return over the last 90 days
Icad Inc has high historical volatility and very poor performance
Icad Inc may become a speculative penny stock
The company reported the previous year's revenue of 17.32 M. Net Loss for the year was (7.01 M) with profit before overhead, payroll, taxes, and interest of 20.11 M.
Icad Inc currently holds about 27.18 M in cash with (4.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.07.
Icad Inc has a poor financial position based on the latest SEC disclosures
Latest headline from news.google.com: Investors in iCAD from three years ago are still down 63, even after 80 percent gain this past week - Yahoo Movies Canada
When determining whether Icad Inc is a strong investment it is important to analyze Icad's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Icad's future performance. For an informed investment choice regarding Icad Stock, refer to the following important reports:
Check out Icad Backtesting, Icad Valuation, Icad Correlation, Icad Hype Analysis, Icad Volatility, Icad History as well as Icad Performance.
Note that the Icad Inc information on this page should be used as a complementary analysis to other Icad's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Icad's price analysis, check to measure Icad's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Icad is operating at the current time. Most of Icad's value examination focuses on studying past and present price action to predict the probability of Icad's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icad's price. Additionally, you may evaluate how the addition of Icad to your portfolios can decrease your overall portfolio volatility.
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Is Icad's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icad. If investors know Icad will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.49)
Revenue Per Share
0.676
Quarterly Revenue Growth
(0.27)
Return On Assets
(0.10)
Return On Equity
(0.21)
The market value of Icad Inc is measured differently than its book value, which is the value of Icad that is recorded on the company's balance sheet. Investors also form their own opinion of Icad's value that differs from its market value or its book value, called intrinsic value, which is Icad's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icad's market value can be influenced by many factors that don't directly affect Icad's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icad's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.