Intchains Group (NASDAQ:ICG) Given Buy Rating at Benchmark

Benchmark reissued their buy rating on shares of Intchains Group (NASDAQ:ICG) in a report issued on Tuesday, Benzinga reports. They currently have a $10.00 price objective on the stock.

Intchains Group Stock Performance

Shares of NASDAQ ICG traded down $0.24 during trading hours on Tuesday, hitting $5.53. The stock had a trading volume of 20,678 shares, compared to its average volume of 14,424. The company has a market capitalization of $331.46 million, a P/E ratio of -55.30 and a beta of 0.79. The firm’s 50-day moving average price is $7.38 and its two-hundred day moving average price is $8.36. Intchains Group has a 52 week low of $5.53 and a 52 week high of $14.22.

Intchains Group (NASDAQ:ICG) last announced its quarterly earnings results on Thursday, May 16th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $3.36 million during the quarter. Intchains Group had a negative net margin of 56.73% and a negative return on equity of 4.84%.

About Intchains Group

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.