Icon Energy Corp [NASDAQ: ICON] stock went on a downward path that fall over -7.53% on Monday, amounting to a one-week price decrease of less than -14.41%.
The one-year Icon Energy Corp stock forecast points to a potential upside of 76.0. The average equity rating for ICON stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.15 million, with 10.61 million shares outstanding and 9.68 million shares in the current float. Compared to the average trading volume of 919.57K shares, ICON stock reached a trading volume of 8999770 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Icon Energy Corp [ICON]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ICON shares is $1.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ICON stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Icon Energy Corp is set at 0.14, with the Price to Sales ratio for ICON stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 0.03, with the Price to Cash per share for the same quarter was set at 0.12.
ICON Stock Performance Analysis:
Icon Energy Corp [ICON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.41. With this latest performance, ICON shares dropped by -85.30% in over the last four-week period, additionally sinking by -88.62% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ICON stock in for the last two-week period is set at 14.13, with the RSI for the last a single of trading hit 10.07, and the three-weeks RSI is set at 18.78 for Icon Energy Corp [ICON]. The present Moving Average for the last 50 days of trading for this stock 1.7532, while it was recorded at 0.3108 for the last single week of trading.
Insight into Icon Energy Corp Fundamentals:
Icon Energy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
Icon Energy Corp [ICON] Institutonal Ownership Details
There are presently around $7.95%, or 8.71%% of ICON stock, in the hands of institutional investors.
