Icon Energy Corp (NASDAQ:ICON) shares, rose in value, with the stock price up by 24.41% to the previous day’s close as strong demand from buyers drove the stock to $0.18.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.14. The PE ratio was 0.60 over 12-month period. Referring to stock’s 52-week performance, its high was $3.85, and the low was $0.12. On the whole, ICON has fluctuated by -40.85% over the past month.
With the market capitalization of Icon Energy Corp currently standing at about $1.91 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.17, with its dividend yield at 91.46%.
The stock’s technical analysis shows that the price of ICON currently trading nearly -27.43% and -81.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 24.49, while the 7-day volatility ratio is showing 22.84% which for the 30-day chart, stands at 16.07%. Furthermore, Icon Energy Corp (ICON)’s average true range (ATR) is 0.07.
Data on historical trading for Icon Energy Corp (NASDAQ:ICON) indicates that the trading volumes over the past 3 months, they’ve averaged 3.07 million. According to company’s latest data on outstanding shares, there are 10.61 million shares outstanding.
Nearly 8.80% of Icon Energy Corp’s shares belong to company insiders and institutional investors own 6.90% of the company’s shares. The stock has fallen by -91.91% 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.
