Intchains Group (NASDAQ:ICG – Get Free Report) is expected to be releasing its resultson Thursday, November 12th. Analysts expect Intchains Group to post earnings of $0.0822 per share and revenue of $23.09 million for the quarter.
Intchains Group (NASDAQ:ICG – Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.15). The firm had revenue of $0.82 million during the quarter, compared to analyst estimates of $5.17 million.
Intchains Group Trading Up 3.9%
Intchains Group stock opened at $1.48 on Tuesday. Intchains Group has a 1 year low of $0.60 and a 1 year high of $2.28. The company has a market cap of $89.55 million, a PE ratio of -12.29 and a beta of 0.92. The company’s 50-day moving average is $1.13 and its two-hundred day moving average is $1.14.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on ICG shares. Maxim Group reiterated a “buy” rating and set a $3.00 price target on shares of Intchains Group in a research report on Monday, August 24th. Benchmark cut their price objective on shares of Intchains Group from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Intchains Group in a research note on Monday, October 12th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $2.50.
View Our Latest Report on Intchains Group
About Intchains Group
Intchains Group Limited is a fabless integrated circuit design company focused primarily on application-specific integrated circuit (ASIC) chips and related solutions for blockchain and other high-performance computing applications. The company develops chip designs and supporting technologies rather than manufacturing semiconductors directly.
Its offerings include ASIC chips, blockchain computing equipment and related hardware and software solutions. These products are intended to support specialized computing tasks, including cryptocurrency mining and other applications that require high-performance, purpose-built processing capabilities.
Intchains Group is incorporated in the Cayman Islands and conducts its operating activities through subsidiaries in China.
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