Intchains Group Limited (NASDAQ:ICG - Get Free Report) shares saw strong trading volume on Wednesday . 54,043 shares were traded during trading, an increase of 164% from the previous session's volume of 20,478 shares.The stock last traded at $8.60 and had previously closed at $10.16.
Analysts Set New Price Targets
Separately, Benchmark increased their price target on Intchains Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Friday, August 16th.
Check Out Our Latest Analysis on Intchains Group
Intchains Group Stock Performance
The stock has a market cap of $504.08 million, a price-to-earnings ratio of -84.10 and a beta of 0.79. The company's 50 day simple moving average is $6.89 and its 200 day simple moving average is $7.69.
Intchains Group (NASDAQ:ICG - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.12 EPS for the quarter. Intchains Group had a net margin of 12.96% and a return on equity of 2.57%. The business had revenue of $16.93 million for the quarter.
Intchains Group Company Profile
(
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Intchains Group Limited designs and sells application-specific integrated circuit chips for blockchain applications in the People's Republic of China. The company also offers ancillary software, hardware, and other products. It serves distributors. Intchains Group Limited was founded in 2017 and is based in Pudong, China.
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