ICL Group Ltd (NYSE: ICL) stock jumped 1.30% on Friday to $8.60 against a previous-day closing price of $8.49. With 1.2 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.18 million shares. During the session, the Agricultural Inputs company that operates in wider Basic Materials sector, reached to the highest price of $8.77 whereas the lowest price it dropped to was $8.60. The 52-week range on ICL shows that it touched its highest point at $12.96 and its lowest point at $6.96 during that stretch. It currently has a 1-year price target of $7.34.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ICL was down-trending over the past week, with a drop of -2.82%, but this was down by -13.91% over a month. Three-month performance dropped to -12.07% while six-month performance fell -25.80%. The stock gained 21.81% in the past year, while it has lost -11.07% so far this year. A look at the trailing 12-month EPS for ICL yields 0.01 with Next year EPS estimates of 0.51. EPS is expected to grow by 3.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.90%.
Float and Shares Shorts:
At present, 1.29 billion ICL shares are outstanding with a float of 698.79 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.1 million, which was 0.09% higher than short shares on Jun 14, 2022. In addition to Mr. Raviv Zoller as the firm’s Pres & CEO, Mr. Elad Aharonson serves as its Pres Innovative Ag. Solutions Division.
Through their ownership of 18.08% of ICL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of ICL, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 1.54% stake in ICL, the Government Pension Fund – Global is the largest stakeholder. A total of 19,855,195 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 0.74% of ICL stock, is the second-largest Mutual Fund holder. It holds 9,460,582 shares valued at 91.01 million. Vanguard Developed Markets Index holds 0.41% of the stake in ICL, owning 5,249,471 shares worth 50.5 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ICL since 6 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ICL analysts setting a high price target of $12.00 and a low target of $8.89, the average target price over the next 12 months is $10.93. Based on these targets, ICL could surge 39.53% to reach the target high and rise by 3.37% to reach the target low. Reaching the average price target will result in a growth of 27.09% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ICL will report FY 2022 earnings on 02/15/2023. Analysts have provided yearly estimates in a range of $1.98 being high and $1.79 being low. For ICL, this leads to a yearly average estimate of $1.90. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. ICL Group Ltd surprised analysts by $0.06 when it reported $0.58 EPS against a consensus estimate of $0.52. The surprise factor in the prior quarter was $0.19. Based on analyst estimates, the high estimate for the next quarter is $0.50 and the low estimate is $0.45. The average estimate for the next quarter is thus $0.47.