Look For Institutional Buying In Icon Energy Corp (NASDAQ: ICON)

Icon Energy Corp (ICON) concluded trading on Thursday at a closing price of $0.54, with 15.0 million shares of worth about $8.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -84.70% during that period and on January 23, 2025 the price saw a loss of about -58.78%. Currently the company’s common shares owned by public are about 1.45M shares, out of which, 1.25M shares are available for trading.

Stock saw a price change of -74.04% in past 5 days and over the past one month there was a price change of -74.16%. Over the period of past 52 weeks, stock dropped to lowest price of $1.30 but also hit the highest price of $3.85 during that period. The average intraday trading volume for Icon Energy Corp shares is 33.88K. The stock is currently trading -72.70% below its 20-day simple moving average (SMA20), while that difference is down -75.56% for SMA50 and it goes to -77.24% lower than SMA200.

Icon Energy Corp (NASDAQ: ICON) currently have 1.45M outstanding shares and institutions hold larger chunk of about 7.60% of that.

The stock has a current market capitalization of $0.79M. PE ratio of stock for trailing 12 months is 1.56, while it has posted earnings per share of $0.35 in the same period. It has a debt-to-equity ratio of 1.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ICON, volatility over the week remained 24.79% while standing at 11.64% over the month.

Analysts are in expectations that Icon Energy Corp (ICON) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is -0.36 and it is 0.1 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same.

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