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IceCure Medical Ltd Expected to Earn FY2026 Earnings of $0.03 Per Share (NASDAQ:ICCM)

Defense World ·  Jan 2, 2023 01:31

IceCure Medical Ltd (NASDAQ:ICCM – Get Rating) – Analysts at Brookline Capital Management reduced their FY2026 earnings per share (EPS) estimates for shares of IceCure Medical in a report released on Friday, December 30th. Brookline Capital Management analyst K. Dolliver now anticipates that the company will post earnings per share of $0.03 for the year, down from their previous forecast of $0.04. The consensus estimate for IceCure Medical's current full-year earnings is ($0.42) per share.

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Separately, Maxim Group began coverage on shares of IceCure Medical in a report on Tuesday, October 25th. They issued a "buy" rating and a $3.00 target price on the stock.

IceCure Medical Trading Up 5.4 %

IceCure Medical stock opened at $1.55 on Monday. IceCure Medical has a 52-week low of $0.75 and a 52-week high of $4.73. The business has a 50-day simple moving average of $1.18 and a two-hundred day simple moving average of $1.45. The company has a market cap of $70.72 million, a P/E ratio of -3.44 and a beta of 0.33. The company has a quick ratio of 3.58, a current ratio of 4.22 and a debt-to-equity ratio of 0.03.

IceCure Medical (NASDAQ:ICCM – Get Rating) last posted its earnings results on Monday, December 5th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). IceCure Medical had a negative net margin of 462.46% and a negative return on equity of 77.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in IceCure Medical stock. JPMorgan Chase & Co. bought a new stake in IceCure Medical Ltd (NASDAQ:ICCM – Get Rating) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,240 shares of the company's stock, valued at approximately $78,000.

About IceCure Medical

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IceCure Medical Ltd, a medical device company, engages in the research, development, and commercialization of medical devices for cryoablation (freezing) of tumors in the human body. It offers ProSense system, a cryoablation solution for the treatment of breast tumors. The company was incorporated in 2006 and is headquartered in Caesarea, Israel.

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