Icad Stock Chance of Future Stock Price Finishing Over 7.34

ICAD Stock  USD 2.29  0.10  4.57%   
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. The current year Price to Book Value is expected to grow to 6.14, whereas Price to Earnings Ratio are forecasted to decline to (19.85) .
  
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, 2023-02-17 PUT at $2.5 is a PUT option contract on Icad's common stock with a strick price of 2.5 expiring on 2023-02-17. The contract was last traded on 2022-12-19 at 11:04:29 for $0.8 and, as of today, has 15 days remaining before the expiration. The option is currently trading at a bid price of $0.0, and an ask price of $0.6. The implied volatility as of the 2nd of February is 139.1646. View All Icad options

Closest to current price Icad long PUT Option Payoff at Expiration

Please see Icad Backtesting, Icad Valuation, Icad Correlation, Icad Hype Analysis, Icad Volatility, Icad History as well as Icad Performance. Please specify Icad time horizon, a valid symbol (red box) and a target price (blue box) you would like Icad odds to be computed.

Icad Target Price Odds to finish over 7.34

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 $ 7.34  or more in 90 days
 2.29 90 days 7.34 
close to zero percent
Based on a normal probability distribution, the odds of Icad to move over $ 7.34  or more in 90 days from now is close to zero percent (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 $ 2.29  and $ 7.34  at the end of the 90-day period is under 4.
Given the investment horizon of 90 days Icad Inc has a beta of -0.62. This usually indicates as returns on benchmark increase, returns on holding Icad are expected to decrease at a much lower rate. During the bear market, however, Icad Inc is likely to outperform the market. Additionally The company has an alpha of 0.4717, implying that it can generate a 0.47 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 or bond 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, frequently view 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. Please use the tools below to analyze the current value of Icad in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.112.246.88
Details
Intrinsic
Valuation
LowReal ValueHigh
2.146.7811.42
Details
Naive
Forecast
LowNext ValueHigh
0.0431582.166.80
Details
4 Analysts
Consensus
LowTarget PriceHigh
16.0020.7525.00
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 towards 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
0.47
β
Beta against NYSE Composite-0.62
σ
Overall volatility
0.20
Ir
Information ratio 0.05

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 Outstanding22.1 M
Cash And Short Term Investments34.3 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 time-series forecasting models is one of many Icad's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These 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.

Icad Investors Sentiment

The influence of Icad's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Icad. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Icad's public news can be used to forecast risks associated with investment in Icad. The trend in average sentiment can be used to explain how an investor holding Icad can time the market purely based on public headlines and social activities around Icad Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Icad's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Icad's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Icad's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Icad.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Icad in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Icad's short interest history, or implied volatility extrapolated from Icad options trading.
Please see 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 Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for Icad Stock analysis

When running Icad Inc 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 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.
Market Capitalization
58.3 M
Quarterly Revenue Growth
(0.32) 
Return On Assets
(0.15) 
Return On Equity
(0.34) 
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 Icad value 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.