The stock price of ICL Group Ltd. (NYSE: ICL) has dropped by -3.69 compared to previous close of 5.02. Despite this, the company has seen a fall of -2.72% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-19 that A pullback in fertilizer prices on softer demand and elevated costs of key raw materials pose headwinds for the Zacks Fertilizers industry. CF, ICL and IPI are poised well to tackle the challenges.
Is It Worth Investing in ICL Group Ltd. (NYSE: ICL) Right Now?
The price-to-earnings ratio for ICL Group Ltd. (NYSE: ICL) is 9.65x, which is above its average ratio. Moreover, the 36-month beta value for ICL is 1.25. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ICL is 719.62M and currently, short sellers hold a 0.22% of that float. On April 11, 2024, ICL’s average trading volume was 884.76K shares.
ICL’s Market Performance
The stock of ICL Group Ltd. (ICL) has seen a -2.72% decrease in the past week, with a -3.30% drop in the past month, and a 0.73% gain in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.02% for ICL. The simple moving average for the past 20 days is -6.25% for ICL’s stock, with a -9.61% simple moving average for the past 200 days.
Analysts’ Opinion of ICL
Many brokerage firms have already submitted their reports for ICL stocks, with Barclays repeating the rating for ICL by listing it as a “Underweight.” The predicted price for ICL in the upcoming period, according to Barclays is $4 based on the research report published on January 12, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see ICL reach a price target of $6.50, previously predicting the price at $7. The rating they have provided for ICL stocks is “Overweight” according to the report published on November 14th, 2023.
ICL Trading at -3.96% from the 50-Day Moving Average
After a stumble in the market that brought ICL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.16% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -3.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.31% upper at present.
During the last 5 trading sessions, ICL fell by -2.62%, which changed the moving average for the period of 200-days by -16.26% in comparison to the 20-day moving average, which settled at $5.15. In addition, ICL Group Ltd. saw -3.49% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ICL
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.35 for the gross margin
The net margin for ICL Group Ltd. stands at 0.09. The total capital return value is set at 0.13. Equity return is now at value 11.52, with 5.54 for asset returns.
Based on ICL Group Ltd. (ICL), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.66. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 4.58.
Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at 1.21. When we switch over and look at the enterprise to sales, we see a ratio of 1.12. The receivables turnover for the company is 4.72for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To wrap up, the performance of ICL Group Ltd. (ICL) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
