SeaStar Medical Holding Corp (NASDAQ:ICU) finished Friday with an addition of $0.07 to close at $0.26, an upside of 41.18 percent. An average of 16,380,100 shares of common stock have been traded in the last five days. There was a gain of $0.0819 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 4,445,330 shares traded, while the 50-day average volume stands at 1,928,950.
ICU stock has decreased by -2.40% in the last month. The company shares reached their 1-month lowest point of $0.1620 on 09/11/23. With the stock rallying to its 52-week high on 01/11/23, shares of the company touched a low of $0.16 and a high of $22.00 in 52 weeks. It has reached a new high 5 times so far this year and lost -93.56% or -$3.8360 in price. In spite of this, the price is down -98.80% from the 52-week high.
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Financial Health
The quick ratio of SeaStar Medical Holding Corp for the three months ended June 29 was 0.17, and the current ratio was 0.17, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $0.63 million compared to revenue of $11.61 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$3.67 million in the quarter, while revenues of -$5.26 million were grew 104.9%. The analyst consensus anticipated SeaStar Medical Holding Corp’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be -$0.25, a 0.00% surprise. For the quarter, EBITDA amounted to -$3.73 million. Shareholders own equity worth $18.57 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SeaStar Medical Holding Corp (ICU) price momentum. RSI 9-day as of the close on 29 September was 67.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 193.30%.
As of today, ICU’s price is $0.2006 +44.98% or $0.0819 from its 5-day moving average. ICU is currently trading +0.61% higher than its 20-day SMA and -86.53% lower than its 100-day SMA. However, the stock’s current price level is -48.40% below the SMA50 and -94.04% below the SMA200.
The stochastic %K and %D were 23.38% and 19.16%, respectively, and the average true range (ATR) was 0.0616. With the 14-day stochastic at 46.26% and the average true range at 0.0541, the RSI (14) stands at 55.81%. The stock has reached 0.0145 on the 9-day MACD Oscillator while the 14-day reading was at 0.0104.
What is ICU’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $1.00, with a median target of $1.00. Taking a look at these predictions, the average price target given by analysts for SeaStar Medical Holding Corp (ICU) stock is $1.00.
