Understanding the Recent Fluctuations of ICL Group Ltd.’s (ICL) Stock

In the past week, ICL stock has gone up by 0.71%, with a monthly decline of -8.62% and a quarterly plunge of -9.98%. The volatility ratio for the week is 2.20%, and the volatility levels for the last 30 days are 2.36% for ICL Group Ltd. The simple moving average for the last 20 days is 1.79% for ICL stock, with a simple moving average of -10.94% for the last 200 days.

Is It Worth Investing in ICL Group Ltd. (NYSE: ICL) Right Now?

ICL Group Ltd. (NYSE: ICL) has a price-to-earnings ratio that is above its average at 12.79x. The stock has a 36-month beta value of 1.26. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”

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The public float for ICL is 718.99M, and at present, short sellers hold a 0.17% of that float. On August 21, 2024, the average trading volume of ICL was 670.92K shares.

ICL) stock’s latest price update

ICL Group Ltd. (NYSE: ICL)’s stock price has plunge by 0.00relation to previous closing price of 4.24. Nevertheless, the company has seen a 0.71% surge in its stock price over the last five trading sessions. zacks.com reported 2024-08-16 that ICL Group’s (ICL) second-quarter earnings and sales surpass estimates on higher sales across most segments.

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 -1.98% 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 -30.72% of loss for the given period.

Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares sank -8.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.50% lower at present.

During the last 5 trading sessions, ICL fell by -0.24%, which changed the moving average for the period of 200-days by -14.81% in comparison to the 20-day moving average, which settled at $4.15. In addition, ICL Group Ltd. saw -15.37% 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:

  • 0.12 for the present operating margin
  • 0.32 for the gross margin

The net margin for ICL Group Ltd. stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 7.50, with 3.76 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 0.58. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 4.13.

Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at 1.49. When we switch over and look at the enterprise to sales, we see a ratio of 1.08. The receivables turnover for the company is 4.98for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.

Conclusion

To sum up, ICL Group Ltd. (ICL) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.

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