In the latest trading session, 5.47 million Icon Energy Corp (NASDAQ:ICON) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $0.11 changing hands around $0.0 or -1.73% at last look, the market valuation stands at $1.14M. ICON’s current price is a discount, trading about -3400.0% off its 52-week high of $3.85. The share price had its 52-week low at $0.09, which suggests the last value was 18.18% up since then. When we look at Icon Energy Corp’s average trading volume, we note the 10-day average is 47.57 million shares, with the 3-month average coming to 10.42 million.
Analysts gave the Icon Energy Corp (ICON) stock a consensus recommendation rating of Buy. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ICON as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Icon Energy Corp’s EPS for the current quarter is expected to be 0.
Icon Energy Corp (NASDAQ:ICON) trade information
Instantly ICON was in red as seen in intraday trades today. With action -24.55%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -95.16%, with the 5-day performance at -24.55% in the red. However, in the 30-day time frame, Icon Energy Corp (NASDAQ:ICON) is -65.20% down. Looking at the short shares, we see there were 1.93 million shares sold at short interest cover period of 0.49 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 98.43% from its recent market value. According to analyst projections, ICON’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a -6263.64% plunge from its current level, while the stock would need to soar -6263.64% for it to hit the projected low.
Icon Energy Corp (ICON) estimates and forecasts
Year-over-year growth is forecast to reach 29.58% up from the last financial year. 1 analysts are of the opinion that Icon Energy Corp’s revenue for the current quarter will be 2.2M.
ICON Dividends
Icon Energy Corp is expected to release its next quarterly earnings report on 2024-Nov-10. The 152.92% annual yield figure for the share gives it an annual dividend of 0.17. It is important to note, however, that the 152.92% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Icon Energy Corp (NASDAQ:ICON)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.80% of Icon Energy Corp shares while 6.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 7.61%.
