Icon Energy Corp (NASDAQ:ICON) price on Thursday, March 20, fall -5.71% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.10.
A look at the stock’s price movement, the close in the last trading session was $0.10, moving within a range at $0.093 and $0.1007. The PE ratio in trailing twelve months stood at 0.33. Turning to its 52-week performance, $3.85 and $0.09 were the 52-week high and 52-week low respectively. Overall, ICON moved -66.78% over the past month.
Icon Energy Corp’s market cap currently stands at around $1.05 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-10. The company has a Forward Dividend ratio of 0.17, with its dividend yield at 166.67%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.8M, representing a 29.58% jump on that reported in the last financial year.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend ICON as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ICON’s current price about -37.12% and -83.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 24.38, while 7-day volatility ratio is 13.75% and 21.25% in the 30-day chart. Further, Icon Energy Corp (ICON) has a beta value of 0, and an average true range (ATR) of 0.05. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $7. Looking at the price targets, the low is -6900.0% off current price level while to achieve the yearly target high, price needs to move -6900.0%. Nonetheless, investors will most likely welcome a -6900.0% jump to $7 which is the analysts’ median price.
If we refocus on Icon Energy Corp (NASDAQ:ICON), historical trading data shows that trading volumes averaged 48.04 over the past 10 days and 11.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 10.61 million shares.
The 8.80% of Icon Energy Corp’s shares are in the hands of company insiders while institutional holders own 5.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.93 million on 2025-02-28, giving us a short ratio of 0.49. Current price change has pushed the stock -95.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ICON stock continues to rise going into the next quarter.
