Alert: Negative Investment/Fundamental Signals (8/15/19)-icad Inc (NASDAQ: ICAD)


icad Inc (NASDAQ: ICAD). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.

icad Inc (NASDAQ: ICAD) suffers from meaningful negative changes in fundamentals: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2020 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

ICAD’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

icad has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. icad has a very low Appreciation Score of 1 but a very high Power Rating of 88, producing the Low Neutral Value Trend Rating.

Recent Price Action

On 8/15/19, icad Inc (NASDAQ: ICAD) stock declined modestly by -0.8%, closing at $6.25. NORMAL trading volume accompanied the decline. The stock has declined -1.1% during the last week but has been exceptionally strong relative to the market over the last nine months.

About John Lafferty 58358 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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