ICL Group Ltd (NYSE: ICL)’s stock price has increased by 2.56 compared to its previous closing price of 4.30. However, the company has seen a 4.26% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-11 that ICL Group Ltd (NYSE:ICL ) Q3 2024 Earnings Conference Call November 11, 2024 8:30 AM ET Company Participants Peggy Reilly Tharp – VP-Global IR Raviv Zoller – CEO Aviram Lahav – CFO Conference Call Participants Rahi Parikh – Barclays Alex Jones – Bank of America Joel Jackson – BMO Capital Markets Kevin Estok – Jefferies Operator Good day everyone. And welcome to the ICL Third Quarter 2024 Earnings Call.
Is It Worth Investing in ICL Group Ltd (NYSE: ICL) Right Now?
ICL Group Ltd (NYSE: ICL) has a higher price-to-earnings ratio of 14.08x compared to its average ratio. ICL has 36-month beta value of 1.26. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for ICL is 720.20M, and currently, short sellers hold a 0.14% ratio of that float. The average trading volume of ICL on November 15, 2024 was 860.16K shares.
ICL’s Market Performance
ICL stock saw an increase of 4.26% in the past week, with a monthly gain of 11.65% and a quarterly increase of 2.80%. The volatility ratio for the week is 2.87%, and the volatility levels for the last 30 days are 2.16% for ICL Group Ltd (ICL). The simple moving average for the last 20 days is 4.80% for ICL stock, with a simple moving average of -2.68% for the last 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 7.18% 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 -20.38% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +8.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.25% upper at present.
During the last 5 trading sessions, ICL rose by +4.26%, which changed the moving average for the period of 200-days by -3.08% in comparison to the 20-day moving average, which settled at $4.21. In addition, ICL Group Ltd saw -11.98% 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 7.00, with 3.54 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 0.58. 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 1.67 billion with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.1. 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 1.56.
Conclusion
To put it simply, ICL Group Ltd (ICL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
