iCAD, Inc. (ICAD) Stock: A Strong Pick In The technology Industry? – iWatch Markets

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iCAD, Inc. (ICAD) is making a move up in the market today. The stock, one that is focused in the technology space, is currently trading at $6.14 after a move up of 5.32% so far in today’s session. In terms of technology stocks, there are quite a few factors that have the potential to generate gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines associated with ICAD:

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Nonetheless, any time investors are making an investing decision, prospective investors should take a look at much more than news, this is especially the case in the ever changing tech industry. Here’s what’s happening with iCAD, Inc..

Trends That We’ve Seen From ICAD

While a move up on a single session, like what we’re seeing from iCAD, Inc. might make some investors happy, a single session gain by itself shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is generally important to look into trends for a period longer than a single session. As it relates to ICAD, below are the returns that we’ve seen:

  • Past 5 Trading Sessions – In the past five trading sessions, ICAD has generated a change in value amounting to 14.55%.
  • Past Month – The performance from iCAD, Inc. in the past 30 days comes to 25.31%.
  • Past Three Months – Throughout the past 3 months, the stock has produced a return on investment of 21.10%
  • Bi-Annually – Over the last six months, we’ve seen a performance that works out to 124.91% from the stock.
  • Year To Date – Since the open of this year ICAD has produced a return of 65.95%.
  • Full Year – Lastly, over the past full year, we have seen movement that works out to 56.63% out of ICAD. Throughout this period of time, the stock has traded at a high of 0.66% and a low price of 153.20%.

Rations That Investors Should Consider

Looking at a few ratios associated with a company can give prospective investors a view of just how dangerous and/or potentially profitable a pick might be. Below are a few of the important ratios to consider when looking at ICAD.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it means that more investors believe that the price of the stock is headed for declines. In general, strong tech stocks can come with a lower short ratio. However, we also tend to see quite a few short squeezes in the sector. Nonetheless, in regard to iCAD, Inc., it’s short ratio comes to 4.13.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay its debts as they mature using current assets or quick assets. Because in tech, companies rely heavily on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can look bad. However, some better companies in the technology industry do have strong current and quick ratios. In terms of ICAD, the quick and current ratios total up to 1.50 and 1.60 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the share price. In this case, that ratio equates to 0.41.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of shares. In the case of ICAD, the cash to share value ratio comes to 0.74.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ICAD, here’s what we’re seeing:

  • Institutions – Currently, institutional investors own 22.90% of iCAD, Inc.. On the other hand, it is important to mention that the ownership held by institutions has seen a move of 1.61% throughout the past quarter.
  • Insiders – with regard to insiders, insiders of the company currently own 1.60% of iCAD, Inc.. Their ownership of the company has moved 0.00% over the past quarter.

How Analysts Feel About iCAD, Inc.

Although it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their thoughts when validating your own before making an investment decision in the technology sector. Here are the most recent moves that we have seen from analysts when it comes to ICAD.

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Dec-09-08 Reiterated Canaccord Adams Buy $5 → $3.50
Aug-01-08 Reiterated MDB Capital Group Buy $5.50 → $6
May-14-08 Reiterated Canaccord Adams Buy $4 → $4.50
Feb-14-08 Initiated Sun Trust Rbsn Humphrey Buy $4
Jan-24-07 Reiterated Dawson James Speculative Buy $4 → $5

Earnings

What have ween seen from ICAD in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands, analysts expect that the company will come up with EPS that comes to 0.03, with -0.08 being announced in the report for the current quarter. Although this data is not associated with earnings, since we are chatting about Wall St. analysts, the stock is presently rated a 0 on a scale from 1 to 5 on which 1 is the poorest possible Wall St. analyst grade and 5 is the best.
  • 5-Year Sales – In the past 5 years, iCAD, Inc. has created a change in sales that comes to a total of -5.00%. Earnings per diluted share in the past 5 years have seen a change of 5.10%.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is commonly represented in today’s society, ICAD has generated a change in earnings that comes to a total of -122.10%. ICAD has also seen a change in terms of sales that totals -11.40%.

What’s Going On With Share Counts?

Traders and investors tend to be interested in the amounts of shares both available and outstanding. In regard to iCAD, Inc., currently there are 16.55M with a float of 14.59M. These numbers mean that out of the total of 16.55M shares of ICAD that are out there today, 14.59M are available to trade hands in the public space.

I also find it important to dig into the short float. After all, when a high percentage of the float is sold short, the overall opinion among traders is that the company is going to take a dive. When it comes to ICAD, the short percentage of the float is currently 3.31%. Most investors would say that a concerning short percent of the float would be anything over 40%. However, I’ve seen that anything over 26% is probably going to be a play that comes with hefty risk.

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