Icon Energy Corp (ICON)’s Stock Price Falls Due To Weak Fundamental Momentum

Icon Energy Corp (NASDAQ:ICON) has seen 134.22 million shares traded in the last trading session. The company, currently valued at $1.79M, closed the last trade at $0.17 per share which meant it gained $0.03 on the day or 16.41% during that session. The ICON stock price is -2164.71% off its 52-week high price of $3.85 and 29.41% above the 52-week low of $0.12.

Icon Energy Corp (NASDAQ:ICON) trade information

Sporting 16.41% 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 $0.17 or saw a rise of 23.77%. Year-to-date, Icon Energy Corp shares have moved -92.43%, while the 5-day performance has seen it change -22.21%. Over the past 30 days, the shares of Icon Energy Corp (NASDAQ:ICON) have changed -44.66%.

Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 97.57% 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 -4017.65% off the targeted high while a plunge would see the stock gain -4017.65% from current levels.

Icon Energy Corp (ICON) estimates and forecasts

The company’s shares have lost -92.88% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 29.58%.

1 have an estimated revenue figure of 2.2M for the next ending quarter.

ICON Dividends

Icon Energy Corp is expected to release its next earnings report in April 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 97.75%. The company’s dividend yield has gone up over the past 12 months.