Intchains Group Ltd ADR [NASDAQ: ICG] price surged by 36.06 percent to reach at $1.19.
The one-year ICG stock forecast points to a potential upside of 59.18. The average equity rating for ICG stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Intchains Group Ltd ADR [ICG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ICG shares is $11.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ICG stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Intchains Group Ltd ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 21, 2024.
The Average True Range (ATR) for Intchains Group Ltd ADR is set at 1.84, with the Price to Sales ratio for ICG stock in the period of the last 12 months amounting to 3.64. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 2.94.
ICG Stock Performance Analysis:
Intchains Group Ltd ADR [ICG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -32.78. With this latest performance, ICG shares dropped by -12.13% in over the last four-week period, additionally sinking by -43.59% over the last 6 months – not to mention a drop of -50.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ICG stock in for the last two-week period is set at 47.08, with the RSI for the last a single of trading hit 45.76, and the three-weeks RSI is set at 47.79 for Intchains Group Ltd ADR [ICG]. The present Moving Average for the last 50 days of trading for this stock 4.74, while it was recorded at 5.36 for the last single week of trading, and 6.63 for the last 200 days.
Insight into Intchains Group Ltd ADR Fundamentals:
Intchains Group Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.09 and a Current Ratio set at 10.33.
