ICL Group Ltd (NYSE:ICL) currently has a daily average trading volume of 1.40M but it saw 948250 shares traded on Thursday. With a market cap of 7.71B USD, stock’s current market price of $5.98 came falling about -1.64 while comparing to the previous closing price of $6.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.41 and as low as $5.91. In the recent trading on the day, stock has struck highest price mark of $6.09 while lowest mark touched by it was $5.905.
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Taking a look at 20-day trading activity of ICL Group Ltd (ICL) gives us an average price of $6.23, while its current price level is -47.59% below from 52-week high level whereas it is 1.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.40 while that of 200 days or SMA-200 reads an average of $7.83. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.70% during that period while stretching the period over a month that decreases to 2.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.24 which implies that the stock is in neutral territory.
ICL Group Ltd (ICL)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $6.18 and $8.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $6.18 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $8.00. Average price target assigned by them is $7.24 which highlights an upside potential of 17.4% for the stock over that period. And to attain the median price target of $7.14 assigned by those analysts, stock has to add about 16.25% of value to its current levels.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 7 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, ICL’s stock price is moving -7.72% down while it is -1.32% when we observe its performance for the past one month. Year-to-date it is -18.19% down and over the past year, the stock is showing a downside performance of -47.03%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.23 beat the consensus estimate of $0.21 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $0.23 while estimate for next year EPS is $0.83. For ICL, analysts are forecasting an EPS-growth rate of -54.40% for current year and estimate for EPS growth in next year is -14.50%.
Currently, ICL Group Ltd’s total number of outstanding shares is 1.29B with 44.01% of that held by the insiders while 25.80% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 4.33 while having a 8.31 of forward P/E ratio. Stock has a price to book (P/B) ratio of 1.41.
A filing at the U.S. Securities and Exchange Commission revealed that Government Pension Fund – Global came shrinking its share ownership by -14.32% in the ICL Group Ltd (ICL) decreasing its stake to 1.32% with control over -2.84 million shares in the company. As per SEC documents, Government Pension Fund – Global sought 17,011,985 of company’s common stock of worth $104.09 million as per recent closing price of the stock. Government Pension Fund – Global is not the only institutional holder which restructured its stake in ICL Group Ltd, as iShares Tr – International Selec picked 12,877,478 shares of worth $78.79 million to bring its holdings to a total of 19328.0 shares. In the most recent quarter, Vanguard Total International Stoc came rising its stake by 0.56% in the company and now holds 9.55 million or 0.74% of the company’s stake having worth of about 58.43 million.
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