Icon Energy Corp (NASDAQ:ICON) shares, rose in value on Thursday, January 23, with the stock price down by -58.78% to the previous day’s close as strong demand from buyers drove the stock to $0.54.
Actively observing the price movement in the last trading, the stock closed the session at $1.31, falling within a range of $0.41 and $0.5692. The PE ratio was 1.56 over 12-month period. Referring to stock’s 52-week performance, its high was $3.85, and the low was $1.30. On the whole, ICON has fluctuated by -74.16% over the past month.
With the market capitalization of Icon Energy Corp currently standing at about $0.79 million, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.17, with its dividend yield at 30.56%.
The stock’s technical analysis shows that the price of ICON currently trading nearly -72.70% and -75.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 14.66, while the 7-day volatility ratio is showing 24.79% which for the 30-day chart, stands at 11.64%. Furthermore, Icon Energy Corp (ICON)’s average true range (ATR) is 0.27.
Data on historical trading for Icon Energy Corp (NASDAQ:ICON) indicates that the trading volumes over the past 10 days have averaged 52010.0 and over the past 3 months, they’ve averaged 33.88K. According to company’s latest data on outstanding shares, there are 1.45 million shares outstanding.
Nearly 13.79% of Icon Energy Corp’s shares belong to company insiders and institutional investors own 7.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13421.0 shares as on 2024-12-31, resulting in a short ratio of 0.53. The stock has fallen by -75.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ICON stock heading into the next quarter.
