Now Is The Time To Build A Position In Icon Energy Corp (NASDAQ:ICON)

Icon Energy Corp (NASDAQ:ICON) has seen 3.87 million shares traded in the last trading session. The company, currently valued at $0.64M, closed the last trade at $0.44 per share which meant it gained $0.02 on the day or 3.25% during that session. The ICON stock price is -775.0% off its 52-week high price of $3.85 and 9.09% above the 52-week low of $0.40. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.88 million shares traded. The 3-month trading volume is 496.67K shares.

Icon Energy Corp (NASDAQ:ICON) trade information

Sporting 3.25% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ICON stock price touched $0.44 or saw a rise of 74.86%. Year-to-date, Icon Energy Corp shares have moved -80.36%, while the 5-day performance has seen it change -74.48%. Over the past 30 days, the shares of Icon Energy Corp (NASDAQ:ICON) have changed -78.74%. Short interest in the company has seen 16590.0 shares shorted with days to cover at 0.53.

Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 93.71% from current levels. The projected low price target is $7.0 while the price target rests at a high of $7.0. In that case, then, we find that the current price level is -1490.91% off the targeted high while a plunge would see the stock gain -1490.91% from current levels.

Icon Energy Corp (ICON) estimates and forecasts

The company’s shares have lost -87.49% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 38.52%.

1 have an estimated revenue figure of 2.6M for the next ending quarter.

ICON Dividends

Icon Energy Corp is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.17 at a share yield of 37.67%. The company’s dividend yield has gone up over the past 12 months.

Icon Energy Corp (NASDAQ:ICON)’s Major holders

Insiders own 13.79% of the company shares, while shares held by institutions stand at 7.62% with a share float percentage of 8.84%. Investors are also buoyed by the number of investors in a company, with Icon Energy Corp having a total of 3.0 institutions that hold shares in the company.