Icad Inc Stock Beta
| ICAD Stock | USD 1.56 0.04 2.63% |
icad inc fundamentals help investors to digest information that contributes to Icad's financial success or failures. It also enables traders to predict the movement of Icad Stock. The fundamental analysis module provides a way to measure Icad's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Icad stock.
Icad | Beta |
icad inc Company Beta Analysis
Icad's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Icad Beta | 1.35 |
Most of Icad's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, icad inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Icad Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Icad is extremely important. It helps to project a fair market value of Icad Stock properly, considering its historical fundamentals such as Beta. Since Icad's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Icad's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Icad's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, icad inc has a Beta of 1.347. This is 56.63% higher than that of the Health Care Technology sector and 29.52% higher than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
Icad Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Icad's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Icad could also be used in its relative valuation, which is a method of valuing Icad by comparing valuation metrics of similar companies.Icad is currently under evaluation in beta category among related companies.
Icad Institutional Holders
Institutional Holdings refers to the ownership stake in Icad that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Icad's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Icad's value.| Shares | Perritt Capital Management Inc. | 2023-12-31 | 130.3 K | Dimensional Fund Advisors, Inc. | 2023-12-31 | 97.9 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 84.8 K | Bridgeway Capital Management, Llc | 2023-12-31 | 74.6 K | State Street Corporation | 2023-12-31 | 72.1 K | Squarepoint Ops Llc | 2023-12-31 | 60.9 K | Millennium Management Llc | 2023-12-31 | 57.4 K | Susquehanna International Group, Llp | 2023-12-31 | 52.8 K | Schonfeld Strategic Advisors Llc | 2023-09-30 | 49.3 K | Portolan Capital Management, Llc | 2023-12-31 | 1.2 M | Vanguard Group Inc | 2023-12-31 | 1.1 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Icad will likely underperform.
Icad Fundamentals
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.1 | ||||
| Profit Margin | (0.28) % | ||||
| Operating Margin | (0.15) % | ||||
| Current Valuation | 19.9 M | ||||
| Shares Outstanding | 26.35 M | ||||
| Shares Owned By Insiders | 5.80 % | ||||
| Shares Owned By Institutions | 28.52 % | ||||
| Number Of Shares Shorted | 451.27 K | ||||
| Price To Earning | (8.32) X | ||||
| Price To Book | 1.33 X | ||||
| Price To Sales | 2.57 X | ||||
| Revenue | 17.32 M | ||||
| Gross Profit | 20.11 M | ||||
| EBITDA | (7.28 M) | ||||
| Net Income | (7.01 M) | ||||
| Cash And Equivalents | 27.18 M | ||||
| Cash Per Share | 1.07 X | ||||
| Total Debt | 461 K | ||||
| Debt To Equity | 0.08 % | ||||
| Current Ratio | 3.19 X | ||||
| Book Value Per Share | 1.27 X | ||||
| Cash Flow From Operations | (4.96 M) | ||||
| Short Ratio | 1.52 X | ||||
| Earnings Per Share | (0.27) X | ||||
| Price To Earnings To Growth | (0.56) X | ||||
| Target Price | 4.83 | ||||
| Number Of Employees | 67 | ||||
| Beta | 1.35 | ||||
| Market Capitalization | 41.11 M | ||||
| Total Asset | 41.42 M | ||||
| Retained Earnings | (271.68 M) | ||||
| Working Capital | 22.93 M | ||||
| Current Asset | 27.77 M | ||||
| Current Liabilities | 14.28 M | ||||
| Net Asset | 41.42 M |
About Icad Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze icad inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Icad using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of icad inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.
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Try AI Portfolio ArchitectCheck out Icad Piotroski F Score and Icad Altman Z Score analysis. 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Icad Stock analysis
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 (0.27) | Revenue Per Share 0.676 | Quarterly Revenue Growth 0.023 | 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.