Is Icad Stock a Good Investment?
Icad Investment Advice | ICAD |
- Examine Icad's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Icad's leadership team and their track record. Good management can help Icad navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Technology space and any emerging trends that could impact Icad's business and its evolving consumer preferences.
- Compare Icad's performance and market position to its competitors. Analyze how Icad is positioned in terms of product offerings, innovation, and market share.
- Check if Icad pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Icad's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Icad Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Icad Inc is a good investment.
Sell | Buy |
Examine Icad Stock
Researching Icad's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 37.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.11. Some equities with similar Price to Book (P/B) outperform the market in the long run. Icad Inc recorded a loss per share of 0.52. The entity had not issued any dividends in recent years. The firm had 1:5 split on the 16th of August 2012.
To determine if Icad is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Icad's research are outlined below:
| Icad Inc is way too risky over 90 days horizon | |
| Icad Inc may become a speculative penny stock | |
| Icad Inc appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 27.94 M. Net Loss for the year was (13.66 M) with profit before overhead, payroll, taxes, and interest of 20.11 M. | |
| Icad Inc currently holds about 27.18 M in cash with (12.79 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: U.S. Computer-Aided Detection Market Pegged to Expand ... - Digital Journal |
Icad Quarterly Interest Expense |
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Icad uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Icad Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Icad's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 9th of November 2023 Upcoming Quarterly Report | View | |
| 30th of September 2023 Next Fiscal Quarter End | View |
Icad's SEC filings
Before you invest in Icad, make sure you check Icad'srecent SEC filings. These artifacts are important regulatory documents required of all public companies to provide to potential investors. Icad prospectus issued under the guidelines of the SEC is a legal declaration of facts and statements to ensure that Icad investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Icad's specific information freely available to individual and institutional investors to make a timely investment decision.
| 14th of August 2023 Financial Statements and Exhibits. Results of Operations and Financial Condition | View | |
| 24th of July 2023 Unclassified Corporate Event | View | |
| 14th of June 2023 Submission of Matters to a Vote of Security Holders | View |
Icad Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Icad target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Icad's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| Strong Buy |
Most Icad analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Icad stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Icad Inc, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationIcad Target Price Projection
Icad's current and average target prices are 1.85 and 4.50, respectively. The current price of Icad is the price at which Icad Inc is currently trading. On the other hand, Icad's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Icad Target Price
Icad Analyst Ratings
Icad's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Icad stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Icad's financials, market performance, and future outlook by experienced professionals. Icad's historical ratings below, therefore, can serve as a valuable tool for investors.Icad's market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 46.73 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Icad's market, we take the total number of its shares issued and multiply it by Icad's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Icad's profitablity analysis
Icad's profitability indicators refer to fundamental financial ratios that showcase Icad's ability to generate income relative to its revenue or operating costs. If, let's say, Icad is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Icad's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Icad's profitability requires more research than a typical breakdown of Icad's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for 2023 | ||
| Return on Investment | (34.22) | (36.92) | |
| Return on Average Assets | (0.24) | (0.27) | |
| Return on Average Equity | (0.35) | (0.37) | |
| Return on Invested Capital | (1.39) | (1.50) | |
| Return on Sales | (0.49) | (0.53) |
Determining Icad's profitability involves analyzing its financial statements and using various financial metrics to determine if Icad is a good buy. For example, gross profit margin measures Icad's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Icad's profitability and make more informed investment decisions.
The data published in Icad's official financial statements usually reflect Icad's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Icad Inc. For example, before you start analyzing numbers published by Icad accountants, it's critical to develop an understanding of what Icad's liquidity, profitability, and earnings quality are in the context of the Health Care Technology space in which it operates.
Please note, the presentation of Icad's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Icad's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Icad's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Icad Inc. Please utilize our Beneish M Score to check the likelihood of Icad's management manipulating its earnings.
Evaluate Icad's management efficiency
Icad Inc has return on total asset (ROA) of (0.1592) % which means that it has lost $0.1592 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3519) %, meaning that it created substantial loss on money invested by shareholders. Icad's management efficiency ratios could be used to measure how well Icad manages its routine affairs as well as how well it operates its assets and liabilities. As of September 22, 2023, Return on Investment is expected to decline to -36.92. In addition to that, Return on Average Assets is expected to decline to -0.27. Icad Goodwill and Intangible Assets are projected to decrease significantly based on the last few years of reporting. The past year's Goodwill and Intangible Assets were at 8.84 Million. The current year's Total Assets Per Share is expected to grow to 2.10, whereas Current Assets are forecasted to decline to about 37.9 M.| Last Reported | Projected for 2023 | ||
| Book Value per Share | 1.39 | 1.45 | |
| Enterprise Value over EBIT | (2.00) | (2.16) | |
| Enterprise Value over EBITDA | (1.99) | (2.15) | |
| Price to Book Value | 1.33 | 1.37 | |
| Tangible Assets Book Value per Share | 1.70 | 1.72 | |
| Enterprise Value | 25 M | 25.6 M | |
| Tangible Asset Value | 42.9 M | 41.8 M |
The analysis of Icad's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Icad's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Icad Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Short Long Term Debt Total 3.4 M | Income Tax Expense -116 K | Interest Expense 10 K | Total Operating Expenses 33.7 M | Other Operating Expenses 41.9 M |
Basic technical analysis of Icad Stock
As of the 22nd of September, Icad retains the Risk Adjusted Performance of 0.0648, market risk adjusted performance of 0.2051, and Downside Deviation of 6.17. Icad technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Icad Inc, which can be compared to its competitors. Please check out Icad Inc variance, maximum drawdown, and the relationship between the coefficient of variation and jensen alpha to decide if Icad is priced fairly, providing market reflects its last-minute price of 1.85 per share. Please also validate Icad Inc total risk alpha, which is currently at 1.23 to confirm the company can sustain itself at a future point.Icad's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Icad insiders, such as employees or executives, is commonly permitted as long as it does not rely on Icad's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Icad insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Susan Wood over a month ago Acquisition by Susan Wood of 13137 shares of Icad subject to Rule 16b-3 |
Understand Icad's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Icad's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0648 | |||
| Market Risk Adjusted Performance | 0.2051 | |||
| Mean Deviation | 5.8 | |||
| Semi Deviation | 5.59 | |||
| Downside Deviation | 6.17 | |||
| Coefficient Of Variation | 1094.09 | |||
| Standard Deviation | 11.05 | |||
| Variance | 122.12 | |||
| Information Ratio | 0.0917 | |||
| Jensen Alpha | 1.07 | |||
| Total Risk Alpha | 1.23 | |||
| Sortino Ratio | 0.1642 | |||
| Treynor Ratio | 0.1951 | |||
| Maximum Drawdown | 96.4 | |||
| Value At Risk | (8.23) | |||
| Potential Upside | 10.88 | |||
| Downside Variance | 38.07 | |||
| Semi Variance | 31.2 | |||
| Expected Short fall | (7.31) | |||
| Skewness | 4.5 | |||
| Kurtosis | 29.99 |
| Risk Adjusted Performance | 0.0648 | |||
| Market Risk Adjusted Performance | 0.2051 | |||
| Mean Deviation | 5.8 | |||
| Semi Deviation | 5.59 | |||
| Downside Deviation | 6.17 | |||
| Coefficient Of Variation | 1094.09 | |||
| Standard Deviation | 11.05 | |||
| Variance | 122.12 | |||
| Information Ratio | 0.0917 | |||
| Jensen Alpha | 1.07 | |||
| Total Risk Alpha | 1.23 | |||
| Sortino Ratio | 0.1642 | |||
| Treynor Ratio | 0.1951 | |||
| Maximum Drawdown | 96.4 | |||
| Value At Risk | (8.23) | |||
| Potential Upside | 10.88 | |||
| Downside Variance | 38.07 | |||
| Semi Variance | 31.2 | |||
| Expected Short fall | (7.31) | |||
| Skewness | 4.5 | |||
| Kurtosis | 29.99 |
Icad Stock media impact
Far too much social signal, news, headlines, and media speculation about Icad that are available to investors today. That information is available publicly through Icad media outlets and privately through word of mouth or via Icad internal channels. However, regardless of the origin, that massive amount of Icad data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Icad news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Icad relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Icad's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Icad alpha.
Icad Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Icad can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Icad Inc Historical Investor Sentiment
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 and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Icad news discussions. The higher the estimate score, the more favorable 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.Build Optimal Portfolios
Align your risk with return expectations
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icad Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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 (0.52) | Revenue Per Share 0.97 | Quarterly Revenue Growth (0.23) | Return On Assets (0.16) | Return On Equity (0.35) |
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.
In summary, please note that there is a difference between Icad's value and its price, as these two are different measures arrived at by various 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.