Icon Energy Corp (NASDAQ:ICON) concluded the trading at $0.40 on Wednesday, January 29 with a fall of -8.68% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.44 with its price kept floating in the range of $0.38 and $0.45 on the day. Company’s P/E ratio for the trailing 12 months is 1.32. Considering stock’s 52-week price range provides that ICON hit a high price of $3.85 and saw its price falling to a low level of $0.40 during that period. Over a period of past 1-month, stock came subtracting -81.13% in its value.
With its current market valuation of $0.58 million, Icon Energy Corp is set to declare its quarterly results in February. ICON Stock’s Forward Dividend of 0.17 and its yield of 41.25% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.62 for current year with estimates of that growing to 0.1 in next year.
In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 6.2M in current fiscal year, which will be 38.52% more from revenue generated by the company last year.
According to ratings assigned by 3 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending Icon Energy Corp (ICON) as a Hold, while 2 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the ICON stock which is currently positioned at 0. It further provides that stock’s current price level is -75.81% away from its 20-day simple moving average and is -80.67% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 14.16 while volatility remained at 22.48% over the past week which changes to 13.62% when measuring it over the past month. Average true range or ATR is currently at 0.22. In predicting price targets of as low as $7 and as high as $7, analysts are in agreement on assigning the stock over the next 12 months average price target of $7. Stock’s current price level is -1650.0% above from estimated low price target while it is -1650.0% below the estimated high; and even if the ICON’s share succeeded to reach the median price of $7, then the outlook of -1650.0% could come to the excitement of the investors.
Having a second look at Icon Energy Corp (NASDAQ:ICON) provides that stock’s average daily trading volume for 3 months was 561.42K, while it jumped to 3274470 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 1.45 million.
The percentage of outstanding shares held by the insiders is 13.79% while it is 7.60% for the institutional holders. In January the standing of shares short improved as it was 13790.0 in the previous month. Subtraction of -82.06% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
