If You Had Bought Icanic Brands (CSE:ICAN) Stock A Year Ago, You Could Pocket A 403% Gain Today

For many, the main point of investing in the stock market is to achieve spectacular returns. When you find (and hold) a big winner, you can markedly improve your finances. For example, the Icanic Brands Company Inc. (CSE:ICAN) share price rocketed moonwards 403% in just one year. It's also good to see the share price up 112% over the last quarter. The company reported its financial results recently; you can catch up on the latest numbers by reading our company report. Note that businesses generally develop over the long term, so the returns over the last year might not reflect a long term trend.

See our latest analysis for Icanic Brands

Given that Icanic Brands didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

Over the last twelve months, Icanic Brands' revenue grew by 6,118%. That's stonking growth even when compared to other loss-making stocks. But the share price has really rocketed in response gaining 403% as previously mentioned. Even the most bullish shareholders might be thinking that the share price might drop back a bit, after a gain like that. But if the share price does moderate a bit, there might be an opportunity for high growth investors.

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

This free interactive report on Icanic Brands' balance sheet strength is a great place to start, if you want to investigate the stock further.

A Different Perspective

Icanic Brands shareholders should be happy with the total gain of 403% over the last twelve months. A substantial portion of that gain has come in the last three months, with the stock up 112% in that time. Demand for the stock from multiple parties is pushing the price higher; it could be that word is getting out about its virtues as a business. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Icanic Brands has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

We will like Icanic Brands better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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