Intchains Group (ICG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $7.26 to $7.76
• 50-Day Range: $5.43 to $8.70
• 52-Week Range: $5.39 to $14.22
• Volume: 16,388 shs
• Average Volume: 16,550 shs
• Market Capitalization: $462.12 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $11.00
• Consensus Rating: Buy

Intchains Group Stock Analysis - MarketRank™

Intchains Group scored higher than 51% of companies evaluated by MarketBeat, and ranked 195th out of 348 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Intchains Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Intchains Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Intchains Group is -77.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Intchains Group is -77.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Intchains Group has a P/B Ratio of 3.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.01% of the outstanding shares of Intchains Group have been sold short.

Short Interest Ratio / Days to Cover

Intchains Group has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Intchains Group has recently increased by 65.52%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Intchains Group does not currently pay a dividend.

Dividend Growth

Intchains Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.01% of the outstanding shares of Intchains Group have been sold short.

Short Interest Ratio / Days to Cover

Intchains Group has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Intchains Group has recently increased by 65.52%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.94

News Sentiment

Intchains Group has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Intchains Group this week, compared to 1 article on an average week.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Intchains Group insiders have not sold or bought any company stock.

ICG Stock Analysis - Frequently Asked Questions

How have ICG shares performed this year?

Intchains Group's stock was trading at $12.37 at the beginning of the year. Since then, ICG stock has decreased by 37.7% and is now trading at $7.71.
View the best growth stocks for 2024 here.

How were Intchains Group's earnings last quarter?

Intchains Group Limited (NASDAQ:ICG) issued its quarterly earnings results on Thursday, August, 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The company earned $16.93 million during the quarter. Intchains Group had a net margin of 12.96% and a trailing twelve-month return on equity of 2.57%.

When did Intchains Group IPO?

Intchains Group (ICG) raised $8 million in an IPO on Thursday, March 16th 2023. The company issued 1,000,000 shares at $8.00 per share. Maxim Group acted as the underwriter for the IPO.

How do I buy shares of Intchains Group?

Shares of ICG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/15/2024
• Today: 9/16/2024
• Next Earnings (Estimated): 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:ICG
• CUSIP: N/A
• CIK: 1895597
• Web: intchains.com
• Phone: 86-021-5896-1080
• Fax: 86-021-5896-1085
• Employees: 133
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.00
• High Stock Price Target: $11.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +42.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.10)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-3,780,000.00
• Net Margins: 12.96%
• Pretax Margin: 12.07%
• Return on Equity: 2.57%
• Return on Assets: 2.47%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 7.94
• Quick Ratio: 7.52

Sales & Book Value

• Annual Sales: $80.47 million
• Price / Sales: 5.74
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.24 per share
• Price / Book: 3.44

Miscellaneous

• Outstanding Shares: 59,938,000
• Free Float: N/A
• Market Cap: $462.12 million
• Optionable: Not Optionable
• Beta: 0.79