Intchains Group (NASDAQ:ICG - Get Free Report)'s stock had its "sell (d)" rating restated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Several other analysts have also issued reports on the stock. Benchmark reiterated a "buy" rating on shares of Intchains Group in a research report on Friday, August 15th. Wall Street Zen lowered shares of Intchains Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intchains Group presently has an average rating of "Hold" and a consensus price target of $7.50.
Read Our Latest Analysis on ICG
Intchains Group Trading Up 0.3%
Shares of ICG opened at $1.81 on Wednesday. Intchains Group has a 12 month low of $1.19 and a 12 month high of $12.04. The firm's 50 day moving average is $2.03 and its 200-day moving average is $2.17. The stock has a market capitalization of $109.56 million, a PE ratio of 36.30 and a beta of 1.71.
Intchains Group (NASDAQ:ICG - Get Free Report) last announced 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 return on equity of 2.04% and a net margin of 6.64%.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
Hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in Intchains Group in the fourth quarter valued at approximately $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Intchains Group in the first quarter valued at approximately $142,000. Finally, Marex Group plc acquired a new stake in Intchains Group in the second quarter valued at approximately $105,000.
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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