Icon Energy Corp (NASDAQ:ICON) traded at $0.12 at close of the session on Tuesday, March 11 and made a downward move of -19.58% on its previous day’s price.
Icon Energy Corp has a market cap of $1.22 million and is expected to release its quarterly earnings report in April. With its Forward Dividend at 0.17 and a yield of 143.48%, the company’s investors could be anxious for the ICON stock to gain ahead of the earnings release.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 5.8M, or 29.58% up from figures reported last year.
Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Icon Energy Corp (ICON) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -50.00% off its SMA20 and -87.10% from its 50-day simple moving average. The RSI (14) is pointing at 20.38 while the volatility over the past week is 25.05% and jumps to 18.85% over the past one month. The average price target for the stock over the next 12 months is $7, with the estimates having a low of $7 and a high of $7. These price ends are -5733.33% and -5733.33% off the current price level respectively, although investors could be excited at the prospect of a -5733.33% if the ICON share price touches on the median price of $7.
