Intchains Group Limited Unsponsored ADR (NASDAQ:ICG - Get Free Report)'s share price was up 0.6% during trading on Tuesday . The stock traded as high as $1.72 and last traded at $1.70. Approximately 60,266 shares changed hands during trading, a decline of 63% from the average daily volume of 161,592 shares. The stock had previously closed at $1.69.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Intchains Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 17th. Benchmark restated a "buy" rating on shares of Intchains Group in a research note on Friday, August 15th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Intchains Group has an average rating of "Buy" and a consensus price target of $7.50.
Check Out Our Latest Analysis on ICG
Intchains Group Stock Up 0.6%
The stock's 50-day moving average price is $2.15 and its 200-day moving average price is $2.24. The company has a market capitalization of $102.33 million, a price-to-earnings ratio of 33.90 and a beta of 1.77.
Intchains Group (NASDAQ:ICG - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Intchains Group had a net margin of 6.64% and a return on equity of 2.04%. The business had revenue of $6.00 million for the quarter, compared to the consensus estimate of $104.89 million.
Institutional Trading of Intchains Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marex Group plc bought a new stake in Intchains Group in the second quarter valued at approximately $105,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Intchains Group during the 1st quarter worth approximately $142,000. Finally, Citadel Advisors LLC acquired a new position in shares of Intchains Group during the 4th quarter worth approximately $35,000.
About Intchains Group
(
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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