During the last session, Icon Energy Corp (NASDAQ:ICON)’s traded shares were 0.51 million. At the end of the trading day, the stock’s price was $2.78, reflecting an intraday gain of 27.88% or $0.61. The 52-week high for the ICON share is $3.85, that puts it down -38.49 from that peak though still a striking 34.89% gain since the share price plummeted to a 52-week low of $1.81. The company’s market capitalization is $4.02M, and the average intraday trading volume over the past 10 days was 9540.0 shares, and the average trade volume was 17.66K shares over the past three months.
Icon Energy Corp (ICON) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. ICON has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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Icon Energy Corp (NASDAQ:ICON) trade information
Icon Energy Corp (ICON) registered a 27.88% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 27.88% in intraday trading to $2.78, hitting a weekly high. The stock’s 5-day price performance is 29.67%, and it has moved by 27.88% in 30 days. The short interest in Icon Energy Corp (NASDAQ:ICON) is 22096.0 shares and it means that shorts have 1.18 day(s) to cover.
The consensus price target of analysts on Wall Street is $7, which implies an increase of 60.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $7 respectively. As a result, ICON is trading at a discount of -151.8% off the target high and -151.8% off the low.
Icon Energy Corp (ICON) estimates and forecasts
In the rating firms’ projections, revenue will increase 38.52% compared to the previous financial year.
Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 2.6M by the end of current fiscal year.
ICON Dividends
Icon Energy Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Icon Energy Corp is 0.08, with the dividend yield indicating at 2.88 percent, continuing the trend of increasing dividends in recent years.
Icon Energy Corp (NASDAQ:ICON)’s Major holders
Icon Energy Corp insiders own 13.79% of total outstanding shares while institutional holders control 7.62%, with the float percentage being 8.84%.
