Icon Energy Corp (NASDAQ: ICON) Has Lost -93.74% YTD: Is There Trouble Ahead?

NOVA

During the recent session, Icon Energy Corp (NASDAQ:ICON)’s traded shares were 3.01 million. The 52-week high for the ICON share is $3.85, that puts it down -2650.0 from that peak though still a striking 14.29% gain since the share price plummeted to a 52-week low of $0.12. The company’s market capitalization is $1.48M, and the average trade volume was 2.91 million shares over the past three months.

Icon Energy Corp (NASDAQ:ICON) trade information

Icon Energy Corp (ICON) registered a 1.75% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.75% in intraday trading to $0.14, hitting a weekly high. The stock’s 5-day price performance is -36.59%, and it has moved by -56.41% in 30 days.

The consensus price target of analysts on Wall Street is $7, which implies an increase of 98.0% 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 -4900.0% off the target high and -4900.0% off the low.

ICON Dividends

Icon Energy Corp is due to release its next quarterly earnings in April. 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 0.17, with the dividend yield indicating at 118.28 percent, continuing the trend of increasing dividends in recent years.