Intchains Group (NASDAQ:ICG - Get Free Report) had its price target lowered by equities researchers at Maxim Group from $8.00 to $7.50 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Maxim Group's price objective suggests a potential upside of 240.91% from the company's previous close.
Intchains Group Stock Performance
Shares of NASDAQ:ICG traded down $0.06 during mid-day trading on Tuesday, hitting $2.20. The stock had a trading volume of 31,938 shares, compared to its average volume of 103,015. The company's 50 day moving average is $2.20 and its 200-day moving average is $3.66. Intchains Group has a 12-month low of $1.40 and a 12-month high of $12.04. The company has a market cap of $131.96 million, a PE ratio of 20.00 and a beta of 1.91.
Intchains Group (NASDAQ:ICG - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.15). The business had revenue of $18.24 million during the quarter, compared to analysts' expectations of $125.65 million. Intchains Group had a net margin of 19.08% and a return on equity of 4.77%.
Institutional Trading of Intchains Group
A hedge fund recently bought a new stake in Intchains Group stock. Citadel Advisors LLC acquired a new stake in shares of Intchains Group Limited (NASDAQ:ICG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,518 shares of the company's stock, valued at approximately $35,000.
Intchains Group Company Profile
(
Get Free Report)
Intchains Group Limited designs and sells application-specific integrated circuit chips for blockchain applications in the People's Republic of China. The company also offers ancillary software, hardware, and other products. It serves distributors. Intchains Group Limited was founded in 2017 and is based in Pudong, China.
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