Icad Profitability Analysis

ICAD Stock

USD 1.28 0.03 2.40%

For Icad profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Icad to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Icad Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Icad's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Icad Inc over time as well as its relative position and ranking within its peers. Check out Risk vs Return Analysis. For information on how to trade Icad Stock refer to our How to Trade Icad Stock guide.

The current year Sales per Share is expected to grow to 1.52, whereas Price to Sales Ratio is forecasted to decline to 5.33. The current year Income Tax Expense is expected to grow to 923.68, whereas Consolidated Income is forecasted to decline to (10.9 M).

Icad Revenues

29.47 Million

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

(0.58)

Revenue Per Share

1.163

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.

Icad Inc Beta vs. Current Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Icad's current stock value. Our valuation model uses many indicators to compare Icad value to that of its competitors to determine the firm's financial worth.

Icad Inc is rated third overall in current ratio category among related companies. It is rated fifth overall in beta category among related companies totaling about 0.38 of Beta per Current Ratio. The ratio of Current Ratio to Beta for Icad Inc is roughly 2.64 . Icad Current Ratio is projected to increase slightly based on the last few years of reporting. The past year's Current Ratio was at 3.87. Comparative valuation analysis is a catch-all model that can be used if you cannot value Icad by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Icad's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Icad's earnings, one of the primary drivers of an investment's value.

Icad Beta vs. Current Ratio

Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Icad

Current Ratio

Current Asset

Current Liabilities

3.19 X

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

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 will be 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.

Icad

Beta

Covariance

Variance

1.21

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.

Icad Beta Comparison

Icad is currently under evaluation in beta category among related companies.

Icad Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Icad, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Icad will eventually generate negative long term returns. The profitability progress is the general direction of Icad's change in net profit over the period of time. It can combine multiple indicators of Icad, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.

	Last Reported	Projected for 2023
Consolidated Income	-10.1 M	-10.9 M
Net Income	-10.1 M	-10.9 M
Net Income Common Stock	-10.1 M	-10.9 M
Operating Income	-9.7 M	-10.4 M
Income Tax Expense	900.00	923.68
Net Income Per Employee	-73.9 K	-79.7 K

Revenues Net Income

Icad Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Icad. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Icad position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Icad's important profitability drivers and their relationship over time.

Icad Profitability Trends

Icad profitability trend refers to the progression of profit or loss within a business. An upward trend means that Icad's profit has generally increased over time, and a downward profitability trend means profits are declining. Recognizing problems early in profitability trends allows investors to address revenue and cost issues in advance. Investors and analysts usually monitor three types of profitability trends: gross, operating, and net. Gross profit is the difference between revenue and costs of goods sold. Operating profit is Icad's gross profit minus its overhead. After you account for other unusual revenue, expenses, and costs, you get net profit. Gross profit trends are often a good indicator of future profitability. If you have high gross profit margins, you have a better chance to cover overhead and make money.

Icad Profitability Drivers Correlations

One of the toughest challenges investors face today is learning how to quickly synthesize and read into endless financial statements and information provided by the company, SEC reporting, and various external parties. Understanding the correlation between Icad different financial indicators related to revenue and profit generation helps investors identify and prioritize their investing strategies towards Icad in a much-optimized way. Analyzing correlations between profit drivers that are directly associated with dollar figures is the most effective way to break down Icad's future profitability.

Use Icad in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Icad position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Icad will appreciate offsetting losses from the drop in the long position's value.

Icad Pair Trading

Icad Inc Pair Trading Analysis

The ability to find closely correlated positions to Icad could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icad when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Icad - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Icad Inc to buy it.

The correlation of Icad is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Icad moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icad Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Icad can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Use Investing Themes to Complement your Icad position

In addition to having Icad in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Retail

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Retail theme has 61 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Retail Theme or any other thematic opportunities.

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Check out Risk vs Return Analysis. For information on how to trade Icad Stock refer to our How to Trade Icad Stock guide. 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 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 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.

	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
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	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity

To fully project Icad's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Icad Inc at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Icad's income statement, its balance sheet, and the statement of cash flows.

Potential Icad investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Icad investors may work on each financial statement separately, they are all related. The changes in Icad's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Icad's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

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	Revenue vs Debt to Equity
	Number of Shares Shorted vs Market Capitalization
	Revenue vs Total Asset
	Current Asset vs Market Capitalization
	Revenue vs Price to Sales
	Beta vs Market Capitalization
	Revenue vs Shares Outstanding
	Cash Flow from Operations vs Market Capitalization
	Revenue vs Shares Owned by Insiders
	Current Liabilities vs Market Capitalization
	Revenue vs Cash per Share
	Working Capital vs Market Capitalization
	Revenue vs Target Price
	Book Value Per Share vs Market Capitalization
	Revenue vs Return On Asset

	Direct Expenses	Consolidated Income	Cost of Revenue	Earning Before Interest and Taxes EBIT	Gross Profit	Interest Expense	Net Income	Net Income Common Stock	Operating Expenses
Direct Expenses		-0.21	0.82	-0.21	0.67	-0.09	-0.21	-0.21	0.47
Consolidated Income	-0.21		-0.21	0.98	-0.19	0.39	1.0	1.0	-0.77
Cost of Revenue	0.82	-0.21		-0.16	0.77	0.15	-0.21	-0.21	0.48
Earning Before Interest and Taxes EBIT	-0.21	0.98	-0.16		-0.15	0.55	0.98	0.98	-0.8
Gross Profit	0.67	-0.19	0.77	-0.15		0.08	-0.19	-0.19	0.5
Interest Expense	-0.09	0.39	0.15	0.55	0.08		0.39	0.39	-0.51
Net Income	-0.21	1.0	-0.21	0.98	-0.19	0.39		1.0	-0.77
Net Income Common Stock	-0.21	1.0	-0.21	0.98	-0.19	0.39	1.0		-0.77
Operating Expenses	0.47	-0.77	0.48	-0.8	0.5	-0.51	-0.77	-0.77

Icad Profitability Analysis

Icad Revenues

29.47 Million

Icad Inc Beta vs. Current Ratio Fundamental Analysis

Icad Beta vs. Current Ratio

Icad Beta Comparison

Icad Profitability Projections

Icad Profitability Driver Comparison

Icad Profitability Trends

Icad Profitability Drivers Correlations

Use Icad in pair-trading

Icad Pair Trading

Icad Inc Pair Trading Analysis

Use Investing Themes to Complement your Icad position

Did You Try This Idea?

Run Retail Thematic Idea Now

Retail

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