Does iCAD, Inc. (ICAD) Have Any Gas After Forming This Bearish Double Bottom?

December 7, 2017 - By Ellis Scott

The chart of iCAD, Inc. (ICAD) shows a double bottom with $3.43 target or 9.00 % below today’s $3.77 share price. The 7 months chart pattern indicates high risk for the $62.25 million company. It was reported on Dec, 7 by Finviz.com. If the $3.43 price target is reached, the company will be worth $5.60 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 10.88% or $0.37 during the last trading session, reaching $3.77. About 37,651 shares traded. iCAD, Inc. (NASDAQ:ICAD) has declined 14.66% since December 7, 2016 and is downtrending. It has underperformed by 31.36% the S&P500.

Analysts await iCAD, Inc. (NASDAQ:ICAD) to report earnings on March, 14. They expect $-0.11 EPS, up 45.00 % or $0.09 from last year’s $-0.2 per share. After $-0.13 actual EPS reported by iCAD, Inc. for the previous quarter, Wall Street now forecasts -15.38 % EPS growth.

More notable recent iCAD, Inc. (NASDAQ:ICAD) news were published by: Globenewswire.com which released: “iCAD Reports Second Quarter 2017 Financial Results and Announces $13 Million …” on August 08, 2017, also Globenewswire.com with their article: “iCAD Announces Positive Clinical Data on Xoft System for Non-Melanoma Skin …” published on November 09, 2017, Globenewswire.com published: “iCAD Announces Approval of Xoft® Axxent® Balloon Applicators by China Food …” on August 30, 2017. More interesting news about iCAD, Inc. (NASDAQ:ICAD) were released by: Globenewswire.com and their article: “iCAD to Report Second Quarter 2017 Financial Results on Tuesday, August 8” published on July 31, 2017 as well as Finance.Yahoo.com‘s news article titled: “Are iCAD Inc’s (ICAD) Interest Costs Too High?” with publication date: November 22, 2017.

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