In the last trading session, 2.72 million shares of the Icon Energy Corp (NASDAQ:ICON) were traded. Most recently the company’s share price was $0.32, and it changed around $0.01 or 3.28% from the last close, which brings the market valuation of the company to $3.41M. ICON currently trades at a discount to its 52-week high of $3.85, offering almost -1103.12% off that amount. The share price’s 52-week low was $0.30, which indicates that the current value has risen by an impressive 6.25% since then. We note from Icon Energy Corp’s average daily trading volume that its 10-day average is 3.11 million shares, with the 3-month average coming to 873.16K.
Icon Energy Corp stock received a consensus recommendation rating of Overweight, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended ICON as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Icon Energy Corp is expected to report earnings per share of 0 for the current quarter.
Icon Energy Corp (NASDAQ:ICON) trade information
Instantly ICON has showed a green trend with a performance of 3.28% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3900 on recent trading dayincreased the stock’s daily price by 17.95%. The company’s shares are currently down -85.60% year-to-date, but still down -18.37% over the last five days. On the other hand, Icon Energy Corp (NASDAQ:ICON) is -84.56% down in the 30-day period. We can see from the shorts that 16590.0 shares have been sold at a short interest cover period of 0.53 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 95.43% from its current value. Analyst projections state that ICON is forecast to be at a low of $7 and a high of $7.
Icon Energy Corp (ICON) estimates and forecasts
The year-over-year growth rate is expected to be 29.58%, up from the previous year.
1 analysts expect Icon Energy Corp to make 2.2M in revenue for the current ending quarter.
ICON Dividends
Icon Energy Corp’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 51.37 percent and its annual dividend per share was 0.17. It is important to note, however, that the 51.37% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Icon Energy Corp (NASDAQ:ICON)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.80% of Icon Energy Corp shares, and 7.95% of them are in the hands of institutional investors. The stock currently has a share float of 8.71%.
