What Do Analysts Say About Icon Energy Corp (ICON)?

Icon Energy Corp (ICON) saw an uptrend of 27.88% in the recent trading with $2.78 being its most recent. The current price level -27.92% lower than the highest price of $3.85 marked by the stock while trading over the past 52-weeks, whereas it is 53.31% higher than the lowest price of $1.81 the company dropped to over past 52-weeks. The latest news story on ICON appeared in (GlobeNewswire) under the title “Icon Energy Corp. Reports Financial Results for the Nine-Month Period Ended September 30, 2024, and Declares Cash Dividend of $0.085 per Common Share”.

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Squeezing the time span to 30 day period shows us the stock is currently trading -3.98% below one month high and is +40.86% above of the lowest during that time. Looking into the simple moving average, Icon Energy Corp (ICON)’s stock stands at a SMA-50 of $2.14 while that of 5-day is reading $2.27.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 3 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.

Icon Energy Corp Earnings – What Happened With ICON

Coming around sales and income figures on ICON Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

ICON – Icon Energy Corp Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 1.45 million. ICON does have institutional investors; and they hold 1.50% of the stock.

Icon Energy Corp – Insider Activity and Holdings

Currently, the stock has been recommended as Moderate Buy by 3 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Icon Energy Corp has a debt to equity ratio of 1.29.

Technical Analysis of Icon Energy Corp (NASDAQ:ICON) stock