Icad Short Ratio

ICAD Stock

USD 1.31 0.06 4.80%

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.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Receivables Inventories

Icad Short Ratio Analysis

Icad's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.

	2020	2021	2022	2023 (projected)
Interest Expense	476 K	141 K	10 K	10.26 K
Gross Profit	21.35 M	24.24 M	19.81 M	19.98 M

Interest Expense Gross Profit

Short Ratio

Short Interest

Average Trading Volume

More About Short Ratio | All Equity Analysis

Current Icad Short Ratio

2.34 X

Most of Icad's fundamental indicators, such as Short Ratio, 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 Short Ratio 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 Short Ratio. 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.

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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.

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Icad Net Cash Flow from Operations

Net Cash Flow from Operations

(13.13 Million)

Icad Net Cash Flow from Operations is projected to decrease significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at (12.79 Million)

Based on the latest financial disclosure, Icad Inc has a Short Ratio of 2.34 times. This is 40.0% lower than that of the Health Care Technology sector and 37.93% lower than that of the Health Care industry. The short ratio for all United States stocks is 41.5% higher than that of the company.

Icad Short Ratio 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 Short Ratio 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 short ratio category among related companies.

Icad Current Valuation Drivers

We derive many important indicators used in calculating different scores of Icad from analyzing Icad's financial statements. These drivers represent accounts that assess Icad's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Icad's important valuation drivers and their relationship over time.

	2018	2019	2020	2021	2022	2023 (projected)
Net Income Per Employee	(92.96 K)	(98.2 K)	(154.05 K)	(82.08 K)	(125.28 K)	(135.18 K)
Revenue Per Employee	264.13 K	227.1 K	259.8 K	245.53 K	256.37 K	287.85 K
Average Assets	29.1 M	39.29 M	47.28 M	67.5 M	56.08 M	51.9 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA	(7.76 M)	(12.05 M)	(15.77 M)	(9.77 M)	(12.53 M)	(13.52 M)
Earnings Before Interest Taxes and Depreciation Amortization USD	(7.76 M)	(12.05 M)	(15.77 M)	(9.77 M)	(12.53 M)	(13.52 M)
Earnings before Tax	(8.97 M)	(13.51 M)	(17.57 M)	(11.24 M)	(13.77 M)	(14.86 M)
Average Equity	9.72 M	7.18 M	24.36 M	50.18 M	39.33 M	33.45 M
Enterprise Value	61.34 M	153.32 M	290.71 M	146.27 M	24.96 M	25.62 M
Free Cash Flow	(4.17 M)	(7.4 M)	(7.45 M)	(9.97 M)	(13.31 M)	(13.66 M)
Invested Capital	9.5 M	20.54 M	11.15 M	5.06 M	11.48 M	10.66 M
Invested Capital Average	5.82 M	16.51 M	10.77 M	8.18 M	9.87 M	9.76 M
Market Capitalization	62.06 M	150.42 M	303.51 M	180.79 M	46.57 M	47.79 M
Tangible Asset Value	21.82 M	32.2 M	46.33 M	53.15 M	42.86 M	41.85 M
Working Capital	7.97 M	10.36 M	25.55 M	35.34 M	24.79 M	21.61 M

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.

	Last Transaction	Type	Shares	Value
Aigh Capital Management Llc	2022-09-30	Common Shares	1.8 M	3.7 M
Granahan Investment Management Llc	2023-03-31	Common Shares	2.1 M	2.7 M
Vanguard Group Inc	2023-03-31	Common Shares	1.1 M	1.3 M
Portolan Capital Management Llc	2023-03-31	Common Shares	911.4 K	1.1 M
Worth Venture Partners Llc	2022-09-30	Common Shares	444.5 K	933 K
First Eagle Investment Management Llc	2023-03-31	Common Shares	741 K	918.8 K
D E Shaw Co Inc	2022-06-30	Common Shares	161.8 K	648 K
Pura Vida Investments Llc	2023-03-31	Common Shares	383.1 K	475 K
Blackrock Inc	2023-03-31	Common Shares	370.5 K	459.4 K
Act Capital Management Llc	2022-09-30	Common Shares	205 K	431 K
Greenwood Capital Associates Llc	2023-03-31	Common Shares	320.7 K	397.7 K

Icad Fundamentals

	Return On Equity	(0.37) %
	Return On Asset	(0.17) %
	Profit Margin	(0.53) %
	Operating Margin	(0.55) %
	Current Valuation	20.38 M
	Shares Outstanding	25.45 M
	Shares Owned by Insiders	7.31 %
	Shares Owned by Institutions	45.58 %
	Number of Shares Shorted	245.3 K
	Price to Earning	(8.32) X
	Price to Book	1.11 X
	Price to Sales	1.56 X
	Revenue	27.94 M
	Gross Profit	20.11 M
	EBITDA	(13.24 M)
	Net Income	(13.66 M)
	Cash and Equivalents	27.18 M
	Cash per Share	1.07 X
	Total Debt	3.16 M
	Debt to Equity	0.08 %
	Current Ratio	3.19 X
	Book Value Per Share	1.25 X
	Cash Flow from Operations	(12.79 M)
	Short Ratio	2.34 X
	Earnings Per Share	(0.55) X
	Price to Earnings To Growth	(0.56) X
	Target Price	4.2
	Number of Employees	108
	Beta	1.12
	Market Capitalization	31.81 M
	Total Asset	51.7 M
	Retained Earnings	(266.84 M)
	Working Capital	24.79 M
	Current Asset	27.77 M
	Current Liabilities	14.28 M
	Z Score	-0.92
	Net Asset	51.7 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.

iCAD, Inc. provides image analysis, workflow solutions, and radiation therapy for the treatment of cancer in the United States. The company was formerly known as Howtek, Inc. and changed its name to iCAD, Inc. in June 2002. iCAD, Inc. was incorporated in 1984 and is headquartered in Nashua, New Hampshire. Icad operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 136 people.

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 market does not have solid backing from leading economists and market statisticians.

Investor biases related to Icad's public news can be used to forecast risks associated with an 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 equities 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.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Icad Inc using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Check 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 Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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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

(0.55)

Revenue Per Share

1.039

Quarterly Revenue Growth

(0.23)

Return On Assets

(0.17)

Return On Equity

(0.37)

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.

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	Accounts Payable	Total Assets	Current Assets	Cash and Equivalents	Total Debt	Debt Current	Deferred Revenue	Total Liabilities	Current Liabilities	Tax Assets	Tax Liabilities
Accounts Payable		-0.03	0.65	0.55	-0.27	-0.36	-0.47	-0.33	-0.05	-0.25	-0.29
Total Assets	-0.03		0.5	0.65	0.15	0.51	0.77	0.37	0.64	0.07	-0.06
Current Assets	0.65	0.5		0.97	-0.34	-0.19	0.01	-0.27	0.25	-0.33	-0.33
Cash and Equivalents	0.55	0.65	0.97		-0.23	-0.04	0.14	-0.13	0.32	-0.19	-0.34
Total Debt	-0.27	0.15	-0.34	-0.23		0.88	0.22	0.95	0.52	0.36	-0.25
Debt Current	-0.36	0.51	-0.19	-0.04	0.88		0.55	0.92	0.67	0.39	-0.12
Deferred Revenue	-0.47	0.77	0.01	0.14	0.22	0.55		0.46	0.66	0.16	0.19
Total Liabilities	-0.33	0.37	-0.27	-0.13	0.95	0.92	0.46		0.68	0.35	-0.21
Current Liabilities	-0.05	0.64	0.25	0.32	0.52	0.67	0.66	0.68		0.26	-0.23
Tax Assets	-0.25	0.07	-0.33	-0.19	0.36	0.39	0.16	0.35	0.26		0.09
Tax Liabilities	-0.29	-0.06	-0.33	-0.34	-0.25	-0.12	0.19	-0.21	-0.23	0.09

Icad Short Ratio

Icad Short Ratio Analysis

Current Icad Short Ratio

Icad Short Ratio Driver Correlations

Icad Net Cash Flow from Operations

Net Cash Flow from Operations

(13.13 Million)

Icad Short Ratio Peer Comparison

Icad Current Valuation Drivers

Icad Institutional Holders

Icad Fundamentals

About Icad Fundamental Analysis

Icad Investors Sentiment

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Icad Stock analysis

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